Sozio and Lee of Ariel Property Advisors arrange $25.35 million sale

Manhattan, NY Ariel Property Advisors has arranged the sale of 104-110 West 144^th St., an affordable multifamily building in Central Harlem, for $25.35 million. The sale was arranged by an Ariel team including Victor Sozio, executive vice president, investment sales, and Courtney Lee, associate director, investment sales.

The property, a four-building complex named the Johanna Apartments, spans 51,560 s/f and comprises 60 two-bedroom units subsidized under the Department of Housing and Urban Development’s project-based Section 8 program. Ariel also arranged the property’s previous sale for $18.75 million.

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