Bronx, Harlem Nine-Building Affordable Housing Portfolio Sells for $39M
Ariel Property Advisors has facilitated the sale of a portfolio consisting of nine affordable housing buildings for $39 million. Buyers and sellers are not disclosed.
The portfolio includes two buildings in the Morrisania neighborhood of the Bronx and the remaining seven in Harlem. The properties span over 287,000 square feet and comprise 309 residential apartments and four commercial units.
A team from Ariel Property Advisors, including Victor Sozio, Shimon Shkury, and Michael A. Tortorici, represented the seller.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.