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Ariel Closes Multifamily Sales in Bronx, Northern Manhattan
Ariel Property Advisors has arranged the sales of two multifamily properties totaling $31 million and located in the Bronx and Manhattan. The firm’s founding partner Victor Sozio and president and founder Shimon Shkury were on the teams handling both sales.
A 93,430-square-foot, 13-story multifamily elevator building at 1514 Sedgwick Ave, in the Morris Heights section of the Bronx sold for $22.5 million, or $241 per square foot. Constructed in 2004, the property contains 96 residential units. Sozio and Shkury brokered the sale with director Daniel Mahfar.
In the second deal, a 31,596-square-foot, six-story multifamily elevator building at 350 W. 110th St. on Manhattan’s Upper West Side of Manhattan sold for $8.5 million, or $269 per square foot. The rent stabilized property consists of 36 residential units. Sozio and Shkury handled the sale together with director Matthew L. Gillis and associate Evan Hirsch.
- ◦Sale/Acquisition

