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New York & Tri-State  + Uptown/Bronx  + Apartments  |  January 23, 2024
Emily Fu
By: Emily Fu

Bronx MF Portfolio Sold for $15M 

Ariel Property Advisors facilitated the $14.7 million sale of a six-building, 203-unit multifamily portfolio in Morris Heights, Bronx. The names of the buyer and seller were not disclosed.  

The portfolio includes five walk-up buildings and one elevator building, totaling 188,721 gross square feet. The residential units consist of 19 studios, 93 one-bedroom, 50 two-bedroom, and 38 three-bedroom apartments. The buildings also benefit from J-51 tax incentives set to expire in 2034-2035.  

The properties include 1812 Harrison Avenue, 2094 Creston Avenue, 2078 Morris Avenue, 2195 Walton Avenue, 2201 Walton Avenue, and 1 East Tremont Avenue. An Ariel team led by Victor Sozio, in addition to Daniel Mahfar, Shimon Shkury, Jason Gold, and Jake Brody, arranged the sale on behalf of the long-term owner. 

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Inside The Story

Victor Sozio

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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