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Ariel Closes Sales in Northern Manhattan, Bronx and Brooklyn
Ariel Property Advisors has arranged the sale of three properties for $13 million in Brooklyn, Upper Manhattan and the Bronx.
Two adjacent, free-market buildings delivered vacant at 621 and 623 Union Ave. in Williamsburg, Brooklyn, sold for $5.5 million, or $891 per square foot. An Ariel team that included partner Sean R. Kelly and director Benjamin Vag arranged the sale.
A 14,700-square-foot multifamily property at 532 W. 152nd St. in Northern Manhattan’s Hamilton Heights in Upper Manhattan sold for $5 million, which translates to $340 per square foot and $238,095 per unit. It was sold by founding partner Victor Sozio, associate director James Nestor, founding partner Michael A. Tortorici and director Mark Anderson
A mixed-use development site in an Opportunity Zone at 961 Westchester Ave. in the Bronx sold for $2.55 million. The property was sold by an Ariel team including directors Jason Gold and Daniel Mahfar, and Sozio.
- ◦Sale/Acquisition
