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:
- Property Type: Mixed-use (1 Commercial & 4 Residential)
- Transaction Amount: $2,550,000
- Address: 303 West 116th Street
- Market: Harlem, Manhattan
- Units: 5
- PPU: $510,000
- SF: 6,590
- PPSF: $386
- Seller: Theresa Mattias
- Buyer: Jeremey Tahari, Greg Bari, Adam Croman, Jake Croman, Mark Golberg & Brandon Oberfeld
- Broker: David Gerstel - InRock Realty
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
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