The mixed-use property located at 322-324 East 116th Street in East Harlem has recently changed hands in a closed transaction. This property offers a total square footage of 8,320, providing ample space for various potential uses. The asking price for this asset was set at $4,900,000, and it was ultimately sold for $3,700,000, resulting in a price per square foot (PPSF) of $444. The seller in this transaction was the Morrone Estate, while the buyer was Mendy Fleishman.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,700,000
• Market: East Harlem
• Address: 322-324 East 116th Street
• Total Square Footage: 8,320
• Asking Price: $4,900,000
• Price Per Square Foot (PPSF): $444

The brokers involved in this deal were Ben Kopilev and Itan Rahmani, representing VCPRE.