Ariel Arranges $13M of Sales in Northern Manhattan, Brooklyn
Ariel Property Advisors has arranged the sale of three properties totaling $12.9 million located in Brooklyn and Northern Manhattan. The largest of the three transactions was the $5.05-million sale of a vacant two-story commercial building at 222-226 W. 145th St. In Manhattan.
The transaction was brokered by an Ariel team including director Jason M. Gold, founding partner Michael A. Tortorici and associate director James Nestor.
A four-story, 21-unit mixed-use building at 649 Argyle Rd. in Brooklyn’s Ditmas Park neighborhood sold for $4.75 million. Ariel director Lawrence Sarn, founding partner Victor Sozio and president and founder Shimon Shkury brokered the sale.
A vacant three-story, 7,638-square-foot warehouse/flex office building at 11 Herkimer Pl. in Brooklyn’s Bedford-Stuyvesant neighborhood sold for $3.1 million. Ariel director Dov Chein and partner Sean R. Kelly handled the sale, which at $406 per square foot represents the highest per-square-foot price for a Bed-Stuy office building since 2018.
- ◦Sale/Acquisition