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New York & Tri-State  + Uptown/Bronx  + Apartments  |  October 6, 2023
Emily Fu
By: Emily Fu

Bronx Mixed-Use Property Changes Hand 

Ariel Property Advisors has announced the sale of an affordable multifamily and commercial property at 950 Westchester Avenue in Longwood, Bronx for $19.1 million. The names of the buyer and seller were not disclosed. 

The 12-story building spans 160,000 square feet and includes 111 residential units, a community facility with seven office units, and two retail units. The property benefits from tax abatements through the ICIP and 421a programs. 

An Ariel team led by Victor Sozio, Jason Gold, Howard Raber, Shimon Shkury, and Daniel Mahfar represented the seller. 

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Inside The Story

Victor Sozio

About Emily Fu

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.
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