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Ariel Property Advisors arranged the sales of three properties in Northern Manhattan and Brooklyn for a total of $12.9 million

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. 


Inside The Story

Ariel Property Advisors

About Paul Bubny

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. 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 15-20 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 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