The Barreiro Family Sells Mixed-Use Portfolio In Harlem For $8.22 Million With Alan Stenson Of Brax Realty

The mixed-use property portfolio located at 1873 Lexington Avenue, 149 East 116th Street, 151 East 116th Street, 175 East 116th Street & 220-20 Merrick Boulevard in the Harlem market has been sold for $8,220,000. This sale encompasses a total square footage of 17,850, equating to a price per square foot of $460.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,220,000
• Square Footage: 17,850
• Price per Square Foot: $460
• Seller: The Barreiro Family
• Broker: Alan Stenson - Brax Realty
• Sale Date: 04/08/2025

This transaction marks the first sale of the portfolio in over 30 years. The properties were strategically segmented into three separate transactions to optimize returns, with the majority of the buildings delivered vacant to enhance appeal to a wider range of buyers. A thank you to Stephen Siminou, Esq, who represented the sellers for his efforts in facilitating this deal.