Ariel Property Advisors facilitates $11.625 million sale of two multifamily properties

Victor Sozio, Ariel Property Advisors

Shimon Shkury, Ariel Property Advisors

Michael Tortorici, Ariel Property Advisors

Matthew Gillis, Ariel Property Advisors

Manhattan, NY Ariel Property Advisors has closed the sale of two multifamily properties totaling $11.625 million.

The properties are located at 422 Saint Nicholas Ave. in the Central Harlem area and 304 West 147^th St. in the Hamilton Heights neighborhood.

304 East 147^th St.: The 40 ft. wide six-story property spans 15,300 s/f, and sold for $7.3 million. The building, located on the south side of West 147^th St. between Bradhurst Ave. and Frederick Douglas Blvd., contains 33 residential units. The property has a unit mix of four studio units, eight one-bedroom units, and 21 two-bedroom units.

Exclusive agents Victor Sozio, Shimon Shkury, Michael Tortorici, Matthew Gillis and Joshua Kwilecki represented the owners and secured the buyers for the sale.

422 Saint Nicholas Ave.: The 26 ft. wide five-story walk-up property spans 11,105 s/f and sold for $4.325 million. The building, located across from St. Nicholas Park, is comprised of 10 units: two two-bedroom and eight two-bedroom units. In addition, R8 zoning allows for 9,178 s/f of air rights for future use.

Sozio, Kwilecki and Gillis represented the owners and procured the buyers for the sale.

304 West 147th Street - Manhattan, NY

422 St. Nicholas Avenue - Manhattan, NY