News: Brokerage

Sozio, Shkury, Tortorici, Michael and Lev of Ariel Property Advisors exclusively retained to sell HP Plaza Portfolio

Manhattan, NY Ariel Property Advisors has been exclusively retained to sell the HP Plaza Portfolio, a package of nine walk-up buildings in the Central Harlem neighborhood. 

The portfolio, which encompasses 106,799 gross s/f, contains 116 residential units, three retail units and one super’s apartment. The residential units are comprised of 17 studios, 29 one-bedroom units, 62 two-bedroom units, and nine three-bedroom units. 

Exclusive agents Victor Sozio, Shimon Shkury, Michael Tortorici, Orry Michael and Matthew Lev are representing the seller.  

The properties also benefit from their proximity to transportation options, with the 3 subway line just one block east and the A, B, C, and D subway lines are a short walk away. A cultural and academic institutions are also nearby, including  City College of New York, The National Dance Academy, Frederick Douglass Academy, and Jackie Robinson Park.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent