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Ariel Closes Sale of Upper West Side Section 8 Apartments

Ariel Property Advisors on Monday announced the $75-million sale of Manhattan Valley Apartments, a two-building multifamily portfolio located at 200 Manhattan Ave. and 133 W. 104th St. in Manhattan Valley on the Upper West Side. Founding partner Victor Sozio, president and founder Shimon Shkury and director of research and sales Remi Mandell arranged the sale on behalf of the seller. The buyer was not disclosed.

The portfolio encompasses 143,551 gross square feet and consists of 126 Project-Based Section 8 voucher units. Centrally located in Manhattan Valley, the buildings offer streamlined management and operational efficiencies, according to Ariel.

Located between Central Park West and Broadway, the properties offer immediate access to Central Park as well as the neighborhood’s array of restaurants, retail destinations, and other attractions. Ariel said the area is known for its tree-lined streets, classic brownstones and mid-rise residential buildings, making it one of Manhattan’s most sought-after residential areas.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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