Ariel Closes Sales in West Harlem, Upper East Side
Ariel Property Advisors has arranged two multifamily sales, a portfolio of affordable housing buildings in West Harlem and a multifamily midrise at 235 E. 96th St. on the Upper East Side. The two assets sold for approximately $11.6 million and $2.63 million, respectively.
The West 135th Street LIHTC Portfoliosale was arranged by a team led by Victor Sozio, EVP, investment sales. The portfolio was preserved as affordable housing and will remain as such for more than 30 years.
Sozio and two Ariel colleagues, directors Mark Anderson and Daniel Mahfar, arranged the sale of 235 E. 96th St., a 10-story, 25-foot wide affordable housing multifamily elevator building on the northwest corner of Second Avenue and East 96th Street. Spanning 19,429 gross square feet, it comprises 16 residential units, all of which are two-bedroom apartments.
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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