Justin Mohr & Richard Taller Acquire SRO Multifamily Building In Harlem, New York For $1.75M

A SRO multifamily building with a Certificate of Non-Harassment located at 552 West 161st Street in Harlem, New York has been sold for $1,749,000. The building spans across 3,840 square feet, resulting in a price per square foot of $455. The transaction closed with a cap rate of 5.99%.

Summary of transaction details

• Property Type: SRO Multifamily Building with Certificate of Non-Harassment
• Transaction Amount: $1,749,000
• Address: 552 West 161st Street, New York
• Market: Harlem
• Square Footage: 3,840 sf
• Price per Square Foot: $455
• Cap Rate: 5.99%

The seller of the property was Michael Schackett, while the buyers were Justin Mohr and Richard Taller. The transaction was facilitated by ONE Commercial's Josh Lipton and Andrew Levine, who served as the brokers representing the buyers and sellers in the deal.