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Brokerage
Posted: October 15, 2024
Ariel Property arranges $16.5 milliion sale of two multifamily buildings
Manhattan, NY Ariel Property Advisors (Ariel) has brokered the sale of two 6-story elevator buildings totaling 109,530 s/f at 226 & 259 West 144th St. in Harlem for $16.5 million. The buildings house 110 residential units and one ground floor commercial unit.
An Ariel team comprised of founding partner Victor Sozio, alongside president and founder Shimon Shkury, associate director Gabriel Elyaszadeh, and director of research & sales Remi Mandell, represented the seller.
The buildings at 226 & 259 West 144th St. are well-positioned in a neighborhood that continues to attract investors due to its ongoing revitalization and proximity to commercial corridors and cultural landmarks. The properties also offer access to the A, B, C, D, and 3 subway lines and the rest of the city.
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