Sofia Mohammed Sells Multifamily Property At 321 East 116th Street For $1M With Brokers Rodney Nassimian & Steven Puccio
SOLD
$1,000,000
New York
See Similar DealsMultiFamily3,626 SF
Sold 08/19/2025
SOLD
Sofia Mohammed Sells Multifamily Property At 321 East 116th Street For $1M With Brokers Rodney Nassimian & Steven Puccio
321 East 116th Street
See Similar DealsMultiFamily3,626 SF
Sold 08/19/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:3,626 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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