Ariel Property Advisors recently sold a mixed-use property located at 950 Westchester Avenue in Longwood, Bronx for $19.1 million. The transaction involved an affordable multifamily and commercial building with 111 residential units, seven office units, and two retail spaces spanning over 160,000 square feet. The property also benefits from tax abatements through the ICIP and 421a programs.
The seller was represented by a team of experts from Ariel led by Victor Sozio, Jason Gold, Howard Raber, Shimon Shkury,and Daniel Mahfar. This recent sale marks another successful deal for Ariel Property Advisors in the competitive New York real estate market.
