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2023 Top Broker Awards
New York & Tri-State
Shimon Shkury, Victor Sozio, Michael Tortorici and Sean Kelly
Sales Total
$789,559,250
Closed 57 transactions totaling $790 million
Highlights included $232-million, 13-building affordable housing LIHTC portfoloi
The Ariel Property Advisors’ Institutional Team (Shimon Shkury, Victor Sozio, Michael Tortorici and Sean Kelly) spearheaded the sale of 57 transactions with a value of $790 million for multifamily, development, commercial, retail and warehouse properties in all five boroughs of New York City during 2022.
Significant transactions included the $232.8-million purchase and preservation of a 13-building affordable housing LIHTC portfolio. This consisted of 1,047 units across 1.1 million square feet in Manhattan, the Bronx and Brooklyn. The team also closed on an affordable housing portfolio for $107.5 million. The portfolio consisted of four multifamily projects with 477 units and an approximately 525,000-square-foot development site located in the Morrisania, High Bridge and Belmont neighborhoods of the Bronx.
Other deals included a development site with a 142,500-square-foot zoning floor at 450 Union St. in Brooklyn, which traded for $40.6 million; and a 43,857-square-foot development site at 2031-2033 Third Ave. in East Harlem, which sold for $7.1 million.
