NEW YORK, NY – November 8, 2017 – Ariel Property Advisors facilitated the sale of a 60-unit multifamily building in the rapidly appreciating Northern Manhattan neighborhood of Hamilton Heights. The 5-story property, located at 104-110 West 144th Street, sold for $18.75 million.

The 150’ wide walk-up building, which spans 51,560-square feet, is located on the south side of West 144th Street between Adam Clayton Powell Jr. Boulevard and Lenox Avenue. Comprised entirely of two-bedroom residential units, the property is currently subsidized under the Department of Housing and Urban Development’s (HUD) project-based Section 8 program.

Exclusive agents Victor Sozio, Shimon Shkury, Michael A. Tortorici, and Matthew Gillis represented the owner and secured the buyer.

Situated just one block south of the 3 subway line on Lenox Avenue and 145th Street, the building benefits from swift access to both downtown and outer-borough locations. In addition, the property has easy access to the Harlem River Drive, West Side Highway, and the George Washington Bridge.

A sizeable retail thoroughfare can be found on 145th Street, and just a short walk away are Jackie Robinson Park and St. Nicholas Park. Major institutions, such as Columbia University, City College, Columbia Presbyterian Hospital and newly modernized Harlem Hospital are also nearby.