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303 West 116th Street

Jeremey Tahari Greg Bari Adam Croman Jake Croman Mark Golberg Brandon Oberfeld Acquire Mixed-use Property From Theresa Mattias For $2.55M
SOLDMixed-use

Jeremey Tahari Greg Bari Adam Croman Jake Croman Mark Golberg Brandon Oberfeld Acquire Mixed-use Property From Theresa Mattias For $2.55M

303 West 116th Street

$2,550,000

$386/SF

Building Size

6,590 SF

Asset Type

Mixed-use

Closing

Mar 24, 2026

AI

The mixed-use property located at 303 West 116th Street in Harlem, Manhattan, has been sold for $2,550,000. The asset comprises one commercial unit and four residential units, totaling 6,590 square feet, resulting in a price per unit of $510,000 and a price per square foot of $386.

Summary of transaction details:

David Gerstel of InRock Realty represented the seller, Theresa Mattias, in this transaction, ensuring the process was managed efficiently. The buyer group includes multiple individuals, reflecting a collaborative investment approach in the mixed-use asset.

Players

David Gerstel

InRock Realty

Broker

$16.8M

vol

5 deals

Broker
Jeremey Tahari

Jeremey Tahari

Buyer

$59.5M

vol

16 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93