Ariel Property Advisors sells Lower Manhattan development site for $10 million; Team of Tortorici, Raber, Shkury, Sozio and Modell

Ariel Property Advisors arranged the sale of a development site at 92 Fulton St. for $10 million. The sales team of Michael Tortorici, Howard Raber, Shimon Shkury, Victor Sozio, and Randy Modell represented the seller, a private investor, and procured the buyer, a developer. "The market was incredibly receptive to 92 Fulton St.," said Tortorici, vice president of Ariel. "The price is a testament to the vitality of the Lower Manhattan development market and the area's transformation into a 24/7 community." The 25-foot-wide vacant lot offers a total of 29,890 buildable s/f, including air rights. It is located on the south side of Fulton St. between Gold and Williams Sts. and blocks from the World Trade Center. the New York Stock Exchange, Pace University, and the newly constructed Fulton St. transit hub.