News: Brokerage

Ariel Property Advisors sells five properties totaling $6.658 million

Ariel Property Advisors arranged the sale of the following five properties in Brooklyn and Upper Manhattan totaling $6.658 million: * A 7,574 s/f vacant warehouse at 635-639 Classon Ave. in the Prospect Heights section of the city sold for $1.97 million. Jonathan Berman, Shimon Shkury, Michael Tortorici, and Victor Sozio represented the seller and procured the buyer, both local investors. * A 3,332 s/f, four-story, vacant shell at 315 West 112th St. in Central Harlem sold for $1.675 million. Jesse Deutch, Sozio, and Tortorici represented the seller, a private investor, and procured the buyer, a private developer. * A five-story, mixed-use property at 2299 Adam Clayton Powell Jr. Blvd. in Central Harlem sold for $1.413 million. The 8,585 s/f building features 14 units. Sozio, Shkury, Tortorici, Deutch, and Daniel Tropp represented the seller, a private investor, and procured the buyer, a private real estate investment firm. * A one-story, 2,500 s/f warehouse at 105 Dobbin St. in the Greenpoint section of the city sold for $850,000. Berman, Tortorici, and Tropp represented the seller, a private owner, and procured the buyer, an owner/investor. * A development property at 2238A Amsterdam Ave. in Washington Heights sold for $750,000. The 2,500 s/f lot contains a 750 s/f garage. Sozio, Tortorici, and Deutch represented the seller, a private investor, and procured the buyer, a private real estate investment firm.
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