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Ariel Property Advisors arranged the $16.2-million sale of a two-property portfolio near Columbia University on Manhattan's Upper West Side

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. 

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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 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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