Sozio, Shkury, Tortorici and Gillis of Ariel Property Advisors sell 60 units for $18.75 million

December 05, 2017 - Front Section
Victor Sozio,
Ariel Property Advisors

 

Shimon Shkury,
Ariel Property Advisors

 

Michael Tortorici,
Ariel Property Advisors

 

Matthew Gillis,
Ariel Property Advisors

 

Manhattan, NY Ariel Property Advisors facilitated the sale of a 60-unit multifamily building in the Hamilton Heights neighborhood. The 5-story property, located at 104-110 West 144th St., sold for $18.75 million. 

The 150’ wide walk-up building, which spans 51,560 s/f, is located on the south side of West 144th St. between Adam Clayton Powell Jr. Blvd. and Lenox Ave. 

Comprised entirely of two-bedroom residential units, the property is currently subsidized under the Department of Housing and Urban Development’s (HUD) project-based Section 8 program. 

Exclusive agents Victor Sozio, Shimon Shkury, Michael Tortorici, and Matthew Gillis represented the owner and secured the buyer. 

Situated just one block south of the 3 subway line on Lenox Ave. and 145th St., the building benefits from swift access to both downtown and outer-borough locations. In addition, the property has easy access to the Harlem River Dr., West Side Hwy., and the George Washington Bridge. 

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