News: Brokerage

Ariel arranges five Upper Manhattan sales totaling $20.95 million

Ariel Property Advisors has arranged five Upper Manhattan transactions totaling $20.95 million. The properties include: * Twelve walk-up buildings on Manhattan Ave. sold for $14.5 million. The sales team of Shimon Shkury, Victor Sozio, and Michael Tortorici represented the seller and procured the buyer, both real estate investment firms. * A five-story, 10,705 s/f building with 14 units at 160 West 141st St. in Central Harlem sold for $2.45 million. Exclusive agents Sozio, Tortorici, Jesse Deutch, and Marko Agbaba represented the seller and procured the buyer, both local real estate investors. * A five-story, 4,500 s/f SRO building at 137 West 111th St. in Central Harlem sold for $2.1 million. Exclusive agents Sozio, Tortorici, Deutch, and Agbaba represented the seller and procured the buyer, both private investors. * A four-story SRO walk-up at 221 West 134th St. in Central Harlem sold for $975,000. Exclusive agents Sozio, Tortorici, Josh Berkowitz, and Agbaba represented the seller and procured the buyer, both private investors. * A vacant lot with 9,992 buildable s/f at 10 West 132nd St. in Central Harlem sold for $925,000. Exclusive agents Sozio, Tortorici, Deutch, and Agbaba represented the seller, a religious institution, and procured the buyer, a private developer.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

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Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

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