Ariel secures sale of Staten Island portfolio for $17.89 million; Team of Sozio, Shkury, Tortorici, Spinelli, and Berkowitz

Ariel Property Advisors arranged the sale of a 16-building portfolio at 150, 165, & 220 Trantor Place in the northern section of the borough for $17.89 million. Exclusive agents Victor Sozio, Shimon Shkury, Michael Tortorici, Mark Spinelli, and Josh Berkowitz represented the seller, a real estate investment firm, and procured the buyer, a private investor. The 177-unit portfolio consists of 71 two-bedroom and 106 one-bedroom units. "Multifamily trades of this size in Staten Island are rare, but based on the response we received to the Trantor Portfolio, demand for this type of product is strong," said Sozio, vice president of Ariel. "With the new and exciting Staten Island developments in the works, especially around the Ferry Terminal, we expect this investor interest to grow." The properties are close to Rte. 440 which offers easy access to the Bayonne Bridge. They are also conveniently located near the Staten Island Expressway, providing access to the Goethals and Verrazano Bridges and just minutes away from the Bergen Point West Reach, Faber Park and Veteran Park, a beach area offering a variety of coastal attractions.