Ariel Property Advisors completes two sales totaling $9.4 million; Sozio, Tortorici, Berkowitz, Gillis & Atlas rep both parties

Ariel Property Advisors arranged the sale of two multifamily properties in the Northern section of the borough for a total of $9.4 million. The properties are located at 532 West 152nd St. in Hamilton Heights and 273 West 140th St. in Central Harlem. Exclusive agents Victor Sozio, Michael Tortorici, Josh Berkowitz, Matthew Gillis and Samuel Atlas represented the owners and procured the buyers for both sales. * 532 West 152nd St. - The 41' wide, 14,010 s/f, five-story walk-up property sold for $6.7 million. The building is comprised of 20 residential units; one one-bedroom unit, eight two-bedroom units and 11 three-bedroom units. The transaction price translates to $478 per s/f and $335,000 per unit. * 273 West 140th St. - The 25' wide, 9,345 s/f, five-story walk-up building sold for $2.7 million. The property is comprised of 10 residential units; six one-bedroom and four two-bedroom apartments. The sale price translates to $289 per s/f, $270,000 per unit and a gross rent multiple of over 15x.