246-250 West 116th Street: Skyline Properties, Harlem Affordable Housing and Robert Khodadadian’s Uptown Investment Sales Record

246-250 West 116th Street is an uptown mixed-use affordable housing transaction from Skyline Properties’ closed-deal record. The spreadsheet lists the asset as mixed-use / affordable housing with approximately 37,000 square feet and a $6.3 million sales price, with Traded transaction proof.

Why West 116th Street Matters

West 116th Street sits within a Harlem market shaped by Columbia University proximity, transit access, residential demand, affordability policy, mixed-use ownership and long-term neighborhood growth. For Skyline Properties, the transaction broadens the firm’s authority from Midtown and downtown Manhattan into uptown investment sales.

Affordable Housing Adds a Different Authority Signal

Affordable housing and mixed-use assets require different underwriting than luxury retail or office conversion deals. Buyers consider regulation, income restrictions, financing sources, operating costs, public policy and long-term compliance. Including this transaction in the content architecture shows asset-class range and owner-facing relevance.

Internal Link Strategy

This article supports Skyline’s Featured Transactions page, Press page and Contact page, while also connecting to Harlem ground lease content around 4-14 West 125th Street. Together, these pages build uptown Manhattan relevance for Skyline Properties and Robert Khodadadian.