Ariel Property Advisors announced the $26 million sale of a 237-unit high-rise multifamily building at 1500 Noble Ave. in the Bronx.
An Ariel team comprised of Victor Sozio, founding partner; Shimon Shkury, president and founder; Jason Gold, senior director; Daniel Mahfar, director and Gabriel Elyaszadeh, associate director, represented the seller in the transaction.
The 17-story elevator building is situated on five acres of landscaped grounds between Mansion Street and the Cross Bronx Expressway and includes numerous amenities including a pool, clubhouse and concierge. The unit mix consists of 50 one-bedrooms, 136 two-bedrooms and 51 three-bedrooms, each with washers/dryers and stainless steel appliances.
Located between the neighborhoods of West Farms and Parkchester, the 265,625-square-foot multifamily is near numerous local and national retailers and restaurants. The property also sits directly across the street from Noble Playground and offers convenient access to the 2,5 and 6 subway lines, as well as the Bronx River Parkway and Interstate 95.
