Elite Investigations Acquires Mixed-Use Property In Manhattan's East Harlem For $2.1M

The mixed-use property located at 352 East 116th Street in Manhattan's East Harlem neighborhood has been sold in a closed transaction. The property spans a total of 3,885 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $540.54. The sale was accompanied by a capitalization rate of 5.46%.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $2,100,000
• Square Footage: 3,885
• Price Per Square Foot: $540.54
• Capitalization Rate: 5.46%

The buyer of the property is Elite Investigations, represented by Joseph Saponaro. On the other hand, the seller is Anibal Gomez. The transaction was facilitated by the brokers Matt Fotis and Robert Aaron from Marcus & Millichap, along with Josh Nazar from VCPRE.