Ariel Arranges Sale of Upper West Side Mixed-Use Duo
Ariel Property Advisors has arranged the sale of two adjacent, six-story mixed-use buildings at 992-1000 Amsterdam Ave. on Manhattan’s Upper West Side near Columbia University for $16.2 million.
The acquisition was managed by an Ariel Investment Sales team including founding partner Victor Sozio, president and founder Shimon Shkury, director Howard Raber, and associate director Evan Hirsch. Buyer and seller weren’t disclosed.
Located on a prime retail corner at Amsterdam Avenue and 109th Street, the properties feature seven commercial units spanning 100 feet of frontage and 52 residential units. Together the buildings total 45,576 gross square feet and offer additional air rights of 15,172 square feet.
In addition to being proximate to Columbia University, the buildings are near Central Park, Morningside Park, Riverside Park and the landmarked Cathedral of St. John the Divine.
- ◦Sale/Acquisition