New York & Tri-State + Uptown/Bronx + Apartments | May 5, 2022

Ariel Property Advisors recently arranged the sale of 532 W. 152nd St. in Northern Manhattan and three other properties

Ariel Closes Sales in Northern Manhattan, Bronx and Brooklyn

Ariel Property Advisors has arranged the sale of three properties for $13 million in Brooklyn, Upper Manhattan and the Bronx.

Two adjacent, free-market buildings delivered vacant at 621 and 623 Union Ave. in Williamsburg, Brooklyn, sold for $5.5 million, or $891 per square foot. An Ariel team that included partner Sean R. Kelly and director Benjamin Vag arranged the sale.

A 14,700-square-foot multifamily property at 532 W. 152nd St. in Northern Manhattan’s Hamilton Heights in Upper Manhattan sold for $5 million, which translates to $340 per square foot and $238,095 per unit. It was sold by founding partner Victor Sozio, associate director James Nestor, founding partner Michael A. Tortorici and director Mark Anderson

A mixed-use development site in an Opportunity Zone at 961 Westchester Ave. in the Bronx sold for $2.55 million. The property was sold by an Ariel team including directors Jason Gold and Daniel Mahfar, and Sozio.

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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 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).

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