Sozio and Deutch of Ariel broker two mixed-use building sales totaling $3.74 million

Ariel Property Advisors has completed the sale of two mixed-use buildings totaling $3.74 million. The deals include: * A five-story, mixed use building at 1624 Amsterdam Ave. in Hamilton Heights sold for $2.55 million. The building, which is 11,835 s/f, features eight residential units with four bedrooms and two commercial spaces. The property will be delivered vacant and used for rental housing. Ariel brokers Victor Sozio and Jesse Deutch represented the buyer and seller, both of which are private investors. * A five-story, mixed-use walk-up at 2270 Adam Clayton Powell Jr. Blvd. in Central Harlem sold for $1.19 million. The building, which is 6,355 s/f, houses a State Farm office on the ground floor and includes four, three-bedroom floor-through units above. Brokers Sozio and Deutch represented the buyer and seller, both of which are private investors. Ariel Property Advisors is a New York City investment property sales firm with an expertise in the multifamily market. The firm also produces a number of research reports including the Multifamily Month in Review: New York City; Multifamily Quarter in Review: New York City; Multifamily Year in Review: New York City; Brooklyn Mid-Year and Year-End Sales Reports; Northern Manhattan Mid-Year and Year-End Sales Reports; and the Bronx Mid-Year and Year-End Sales Reports. More information is available at arielpa.com.