Ariel Property Advisors has $10.55 million in exclusive investment sales listings across two properties in the Bronx: 1027-1029 Westchester Ave. and 259 E. 134th St. The properties represent a diversified array of income-producing buildings across the residential, mixed use and commercial markets.
The properties are being listed by an Ariel team including Jason Gold and Daniel Mahfar, directors, investment sales; Shimon Shkury, president; and Victor Sozio, EVP, investment Sales.
1027-1029 Westchester is a six-story, 25,200-square foot corner building with 33 apartments and four retail units. The property benefits from a tax abatement until 2036. 259 E. 134th is a 4,575-square foot, two-story commercial property situated in an Opportunity Zone.
“There has been a significant uptick in activity in the first quarter of 2021,” said Gold. “This trend is poised to continue throughout the year as investors are looking for more stable, cash-flowing opportunities.”
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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