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Ariel Markets Harlem’s HP Plaza Portfolio
Ariel Property Advisors has been retained to sell the HP Plaza Portfolio, a package of nine walk-up buildings in Central Harlem. The asking price for the 120-unit property is $24 million, or $225-per-square-foot and $200,000-per-unit.
The portfolio contains 116 residential units, three retail units and one super’s apartment. The residential units are comprised of 17 studios, 29 one-bedrooms, 62 two-bedrooms, and nine three-bedrooms.
Ariel’s Victor Sozio, Shimon Shkury, Michael A. Tortorici, Orry Michael and Matthew Lev are representing the seller.
The properties benefit from their proximity to numerous transportation options, with the 3 subway line just one block east, and the A, B, C and D subway lines a short walk away. A number of cultural and academic institutions are also nearby, including City College of New York, The National Dance Academy, Frederick Douglass Academy and Jackie Robinson Park.
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- ◦Sale/Acquisition
