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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

Ariel Selling 60 Bronx Assets Valued at Nearly $400M

Ariel Property Advisors is currently marketing or has in contract nearly 60 properties valued at close to $400 million across the Bronx. These include 12 new exclusive listings for multifamily, development and industrial properties valued at nearly $140 million.

The properties are being marketed by Ariel founding partner Victor Sozio, senior director Jason Gold, director Daniel Mahfar and associate director Gabriel Elyaszadeh, along with president and founder Shimon Shkury, founding partner Michael Tortorici, and associate director Jake Brody.

“The new listings feature a mix of well-located multifamily, development and industrial properties,” Mahfar noted. Among the properties Ariel has listed are The Tegford Portfolio, a 249-unit mixed-use package comprised of nine walk-up buildings encompassing nearly a city block in the Longwood section of the Bronx. The asking price is $22.75 million.

Another offering is 4109 Park Ave. and 413 E. 175th St., a 38,641-square-foot industrial building with an asking price of $8.25 million.

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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 16-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 7-10 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).

  • ◦Sale/Acquisition
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