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Brokerage
Posted: January 12, 2015
Sozio, Tortorici, Berkowitz, and Agbaba of Ariel secures sale of two Upper Manhattan properties for $5.8 million
Ariel Property Advisors arranged the sale of a 21-unit building in Central Harlem and a development site in East Harlem for a combined total of $5.8 million.
The five-story, 14,554 s/f walk-up at 277 West 150th St. in Central Harlem sold for $3.6 million. Of the property's 21 apartments, one is a three-bedroom unit and 20 are two-bedroom units. Exclusive agents Victor Sozio, Michael Tortorici, Josh Berkowitz, and Marko Agbaba represented the seller and procured the buyer, both real estate investment firms. The property is located near transportation and Jackie Robinson Park and retail on West 145th St.
The development site at 318 East 117th St. in East Harlem sold for $2.2 million. The property includes a three-story, 25-foot-wide warehouse, which was delivered vacant, and features 7,569 buildable s/f. Exclusive agents. Sozio, Tortorici, Berkowitz, and Agbaba represented the seller, a real estate investment firm, and procured the buyer, a developer.
The area surrounding the property has benefited from new developments including the new Hunter School of Social Work, the East River Plaza, and various new construction rental and condominium projects.
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