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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 Portfolio sale 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.
- ◦Sale/Acquisition
