Ariel arranges sale of three multifamily properties for $17.25 million; Team of Sozio, Shkury, Tortorici, Berkowitz and Atlas

Ariel Property Advisors arranged the sale of three multifamily properties located in the Hamilton Heights and Washington Heights sections of the borough for a combined $17.25 million. Exclusive agents Victor Sozio, Shimon Shkury, Michael Tortorici, Josh Berkowitz and Samuel Atlas represented the owners and procured the buyers for both sales. * 203-205 West 144th St. in Hamilton Heights sold for $7.55 million. The multifamily property is a 21,678 s/f, six-story, mixed-use walk-up building comprised of 28 residential units and two commercial spaces. The transaction price roughly translates to $348 per s/f and price per unit translates to $251,667. * 529 West 158th St. & 504-506 West 159th St. were sold in the Washington Heights section of the borough. The six-story contiguous properties sold for $9.7 million. The properties are comprised of 54 residential units and 37,122 s/f combined. The sale price translates to $261 per s/f.