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321 East 116th Street

Sofia Mohammed Sells Multifamily Property At 321 East 116th Street For $1M With Brokers Rodney Nassimian & Steven Puccio
SOLDMultiFamily

Sofia Mohammed Sells Multifamily Property At 321 East 116th Street For $1M With Brokers Rodney Nassimian & Steven Puccio

321 East 116th Street

$1,000,000

$275/SF

Building Size

3,626 SF

Asset Type

MultiFamily

Closing

Aug 19, 2025

AI

The multifamily property located at 321 East 116th Street in East Harlem was sold for $1,000,000. The asset encompasses a total square footage of 3,626, translating to a price per square foot of $275. The property was delivered vacant, allowing for gut renovation.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Square Footage: 3,626
  • Price per Square Foot: $275
  • Address: 321 East 116th Street
  • Market: East Harlem
  • Seller: Sofia Mohammed
  • Broker Representatives: Rodney Nassimian & Steven Puccio - Highcap Group

Rodney Nassimian and Steven Puccio from Highcap Group represented the transaction, facilitating the sale process for the seller, Sofia Mohammed. For additional opportunities, interested parties can contact Rodney at 516-545-7477 or Steven at 516-941-8975.

Players

Rodney Nassimian

Highcap Group

Broker

$73.1M

vol

18 deals

Broker
Highcap Group
Highcap GroupBrokerage

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93