Ariel Property Advisors facilitates two sales totaling $9.7 million: Multifamily sells for $5.2 million and mixed-use property for $4.5 million

December 18, 2018 - Front Section
Victor Sozio,
Ariel Property Advisors

 

Orry Michael,
Ariel Property Advisors

 

Marko Agbaba,
Ariel Property Advisors

 

Sean Kelly,
Ariel Property Advisors

 

Matthew Lev,
Ariel Property Advisors

 

New York, NY Ariel Property Advisors facilitated the sale of two assets, which sold for a collective $9.7 million.

347 Manhattan Avenue - Manhattan, NY

347 Manhattan Ave.: A five-story, 16-unit multifamily walk-up building on the west side of Manhattan Ave. between West 114th St. and West 115th St. Spanning 11,565 s/f, the meticulously maintained property benefits from an additional 6,493 s/f of air rights for further development. The property sold for $5.2 million. Exclusive agents Victor Sozio, Orry Michael, and Marko Agbaba of Ariel Property Advisors represented the seller, 347 Equities Inc. Ann Morreel of Engel & Voelkers procured the buyer, Jerry Padovicz.

77 Atlantic Avenue - Brooklyn, NY

77 Atlantic Ave.: Spanning 7,895 s/f, the mixed-use walkup building is located on the corner of Atlantic Ave. and Hicks St. The four-story property, comprised of two commercial units and six apartments, sold for $4.5 million. Exclusive agents Sozio, Sean Kelly and Matthew Lev of Ariel represented the seller, Silvershore Properties. Philippe Salame of Douglas Elliman Real Estate procured the buyer, 77 ATL AVE LLC- Chi Quach.