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Ariel Tapped to Market Eastern Parkway Portfolio

Ariel Property Advisors is marketing the Eastern Parkway Portfolio, a package of five walk-up buildings in the Ocean Hill/Crown Heights neighborhoods of Brooklyn. The asking price for the 61-unit portfolio is $12.5 million, or $170 per square foot.

Ariel has also been hired to sell 162A Utica Ave., a three-story vacant and fully-gutted mixed-use building in Crown Heights.

The four-story properties in the Eastern Parkway Portfolio, which are situated on the north side of Eastern Parkway between Park Place and Thomas S. Boyland Street, span a total of 73,450 gross square feet. The fully-occupied buildings are comprised of two studio, 32 one-bedroom, 23 two-bedroom, and three three-bedroom units.

Ariel’s Jonathan Berman, Victor Sozio and James Meehan are representing the seller, a private investor group. They’re also representing the seller of 162A Utica Ave.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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