Ariel Property Advisors has successfully facilitated the sale of two mixed-use properties in Harlem, totaling $18,375,000. The first property is located at 1875 Lexington Ave in East Harlem and the second is at 270 Saint Nicholas Ave in Central Harlem.
The team at Ariel led by founding partner Victor Sozio and including director – research and sales Remi Mandell and associate director Jake Brody represented the seller for 270 Saint Nicholas Ave. The property spans over 65,706 square feet with a mix of residential units and commercial spaces. It was sold for $6,575,000 to a buyer represented by Amit Doshi and Shallini Mehra from Meridian Capital Group.
The second property at 1875 Lexington Ave was sold for $11,8000 to Tahari Capital making it reportedly the largest mixed-use sale in East Harlem this year. The seller was represented by Ariel’s president Shimon Shkury along with Sozio as well as director Alexander Taic. This building includes both residential units (30) as well as commercial spaces (6) conveniently located near popular retail areas such as the bustling corridor on West 116th Street along with easy access to public transportation via nearby subway lines.
