Ariel Property Advisors completes three sales totaling $10 million

Victor Sozio, Ariel Property Advisors

Michael Tortorici, Ariel Property Advisors

Mark Spinelli, Ariel Property Advisors

Jonathan Berman, Ariel Property Advisors

Manhattan, NY Ariel Property Advisors has completed the sale of three properties for a combined $10 million located in Harlem, and Brooklyn’s Canarsie and East Flatbush neighborhoods.

• 267 West 139^th St. is located in Harlem’s St. Nicholas Historic District and has sold for $5.1 million. The mixed-use building comprises three commercial units and six rental apartments. The property encompasses a total of 14,715 s/f with the transaction price translating to $347 per s/f. Exclusive agents Victor Sozio, Michael Tortorici, Josh Berkowitz and Matthew Gillis represented the seller and procured the buyer.

• 10801 Seaview Ave., a waterfront property located in Carnarsie, features 38 unsold condominium units within a five building low-rise complex of 223 units. Its sale price of $3.8 million translates to $151 per s/f. Exclusive agents Sozio, Mark Spinelli and Jonathan Berman represented the seller and procured the buyer.

• 388 East 34^th St. in East Flatbush sold for $1.1 million. This multifamily building has six rental units and is located in R4/C2 zoning, with the transaction price translating to $183,000 per unit. Exclusive agents Berman and Spinelli represented the seller and procured the buyer.

Ariel Property Advisors is an investment real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.

267 West 139th Street - Manhattan, NY