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
- ◦Sale/Acquisition