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
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