Ariel Property Advisors has arranged the sale of three properties for $13 million in Brooklyn, Upper Manhattan and the Bronx, New York.
Two adjacent, free-market buildings, totaling 6,173 square feet, delivered vacant at 621 and 623 Union Ave. in Williamsburg, Brooklyn, sold for $5.5 million. An Ariel team that included Sean R. Kelly, partner, and Benjamin Vago, director of investment sales, arranged the sale.
A 14,700-square-foot multifamily property at 532 West 152nd St. in Hamilton Heights in Upper Manhattan sold for $5 million. The five-story building near City College of New York and Riverbank State Park consists of 21 units, of which 18 are free market. The property was sold by an Ariel team that included Victor Sozio, founding partner; James Nestor, associate director, investment sales; Michael A. Tortorici, founding partner and Mark Anderson, director, investment sales.
A mixed-use development site in an Opportunity Zone at 961 Westchester Avenue in the Bronx sold for $2.55 million. The site provides up to approximately 33,660 buildable square feet with a community facility option. The property was sold by an Ariel team including Investment Sales Directors Jason Gold and Daniel Mahfar and Founding Partner Victor Sozio.
