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New York & Tri-State   /   August 14, 2019

Paul Bubny
By: Paul Bubny

Adam America Taps Ariel to Sell BK Commercial Condos

Ariel Property Advisors has been retained by Adam America Real Estate to market commercial condominiums at 717 Driggs Ave, in Williamsburg and 317 Schermerhorn St. in downtown Brooklyn. The collective asking price for the two Brooklyn properties is $10.7 million.

Ariel’s Sean R. Kelly, Shimon Shkury, Michael A. Tortorici and David Khukhashvili have been hired to market both properties.

The two-floor 717 Driggs condo (pictured) is leased to Guidepost Montessori School for 15 years. It’s part of a newly-constructed 32-unit residential condo building. The asking price is $6.7 million.

“Williamsburg, one of Brooklyn’s most dynamic sub-markets, continues to see growth in the luxury residential and commercial markets,” said Kelly. “As more families move into the neighborhood, demand for early childhood education locations has burgeoned.”

The vacant corner commercial condo at 733 Schermerhorn has been fully built-out, with below-grade office space. Asking price is $4 million.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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