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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

Ariel Markets 9-Building Harlem Portfolio

Ariel Property Advisors has been retained to sell the HP Plaza Portfolio, a package of nine multifamily buildings in Central Harlem. The asking price for the asset is $26.5 million, or $248 per square foot and $220,833 per unit.

The firm’s Victor Sozio, Shimon Shkury, Michael A. Tortorici, Orry Michael and Matthew Lev are representing the unidentified seller.

Spanning 106,799 square feet, the portfolio is comprised of 116 residential units, three retail units and one super’s unit. Of the portfolio’s residential units, there are 17 studios, 29 one-bedroom, 62 two-bedroom and nine three-bedrooms.

The properties are situated in a transit-oriented section of Central Harlem that benefits from an array of public transportation, with the 3 subway train at 148th Street and Lenox Avenue just one block east of the asset. The A, B, C and D subway trains at 145th Street and Saint Nicholas Avenue are also nearby.

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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