Nasir Sasouness Purchases Mixed-use Property From Suarez Family In East Harlem For $1.54M
SOLD
$1,540,000
New York
See Similar DealsMixed-use6,908 SF
Sold 09/30/2025
SOLD
Nasir Sasouness Purchases Mixed-use Property From Suarez Family In East Harlem For $1.54M
2127 3rd Avenue
See Similar DealsMixed-use6,908 SF
Sold 09/30/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$222
Total Square Footage:6,908 SF
Transaction Type:Sale
This mixed-use property is located at 2127 3rd Avenue in East Harlem. It was sold for a price of $1,540,000, encompassing 8 units within a total square footage of 6,908. The price per unit stands at $192,500, while the price per square foot is $222. The property is fully rent stabilized.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,540,000
- Buyer: Nasir Sasouness
- Seller: Suarez Family
- Broker: Robert Aaron - Horvath & Tremblay
- Units: 8
- Square Footage: 6,908
- Price per Unit: $192,500
- Price per Square Foot: $222
- Note: 100% Rent Stabilized
In this transaction, Nasir Sasouness acquired the property from the Suarez Family, with Robert Aaron from Horvath & Tremblay representing the seller. This transaction highlights the active mixed-use market in East Harlem.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,471.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,300.39
Annual Debt Service$87,604.63
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