Shkury, Sozio, Tortorici and Hirschfield of Ariel broker $33.25 million sale; Represented the seller and procured buyer, Omni New York

Ariel Property Advisors has sold a portfolio of nine multifamily buildings in the Longwood section for $33.25 million. Brokers Shimon Shkury, Victor Sozio, Michael Tortorici, and Scot Hirschfield represented the seller, a multifamily operator, and procured the buyer, Omni New York LLC, a revitalization and development firm. "2012 has been a great year for multifamily sales, but few realize how much of this multifamily activity is taking place in the Bronx," said Shkury, president of Ariel. "The Southern Blvd. Portfolio is one of the biggest sales to take place in the Bronx this year and attracted tremendous interest from operators based locally and throughout the country." Shkury went on to note that the package garnered a dozen bids within two weeks of marketing, and that a contract was signed shortly thereafter. All the properties in the Southern Blvd. Portfolio are subsidized under the Section 8 program of HUD and will continue to be preserved as affordable housing. The buildings are located at 737 Southern Blvd., 663 Fox St., 665 Fox St., 712 Fox St., 751 Fox St., 766 Fox St., 772-774 Fox St., 775 Fox St., 784 Fox St. The nine buildings in the portfolio have benefited from long-term management and offer a mix of size and scale rarely seen in the Bronx. Of the 372 units, 371 are residential apartments and one is a commercial space. The residential units consist of two studios, 87 one-bedroom, 185 two-bedroom, 62 three-bedroom, and 35 four-bedroom apartments. More information is available from Shkury, 212-544-9500, ext. 11, [email protected]; Tortorici, 212-544-9500, ext. 13, [email protected]; Sozio, 212-544-9500, ext. 12, [email protected]; or Hirschfield, 212-544-9500, ext. 16, [email protected]. 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 Quarterly Review: New York City; Northern Manhattan Year-End Sales Report; Northern Manhattan Fundamentals Report; Brooklyn Year-End Sales Report 2011; and The Bronx Year-End Sales Report 2011. More information is available at arielpa.com.