Ariel Property Advisors recently facilitated the sale of two six-story elevator buildings, totaling 109,530 square feet, located at 226 & 259 W. 144th St. in Harlem for $16.5 million. The properties consist of a combined total of 110 residential units and one ground-floor commercial unit.
The Ariel team responsible for the transaction included founding partner Victor Sozio, president and founder Shimon Shkury, associate director Gabriel Elyaszadeh and director of research & sales Remi Mandell who represented the seller in this deal. However, both buyer and seller have chosen to remain anonymous.
According to Ariel’s analysis, these two properties are strategically situated in Harlem – a neighborhood that has been drawing investors due to its ongoing revitalization efforts as well as its proximity to major commercial corridors and cultural landmarks. Additionally,the buildings offer convenient access to multiple subway lines (A,B,C,D,and3) making it easy for residents to navigate throughout New York City.
This transaction was originally reported by Connect CRE .
