Ariel Property Advisors successfully closed the sale of an 81-unit multifamily property in Washington Heights for $9.25 million. The six-story building, spanning over 63,935 square feet and benefiting from a J-51 tax abatement for the next two decades, underwent significant renovations in 2010 and features roof-mounted solar panels.
Conveniently located on a block-through lot with approximately 300 feet along Wadsworth Terrace, this property offers easy access to Broadway as well as nearby parks such as Fort Tryon Park and Highbridge Park. The Ariel team expertly represented the seller in this transaction led by Victor Sozio, Shimon Shkury, Alexander Taic,and Jake Brody.
This recent sale of a multifamily property highlights strong market activity within Washington Heights without mentioning any specific company or platform names.
