NEW YORK, NY – December 5, 2025 – Ariel Property Advisors (Ariel) has arranged the sale of two mixed-use properties and one development site in Brooklyn for over $14 million.

The deals included:

      • 292-294 Atlantic Avenue in Boerum HillAriel arranged the sale of a corner mixed-use property for $6,950,000, or approximately $926/SF. The four-story, 7,500-square-foot building contains nine units, including one office, three ground-floor retail spaces, and five free-market apartments, and offers 120 feet of prime retail frontage. Sean R. Kelly, Esq., Partner; Michael A. Tortorici, Founding Partner; Nicole Daniggelis, Associate Director; and Stephen Vorvolakos, Director, arranged the transaction.
      • 334-336 9th Street in Park SlopeTwo adjacent four-story mixed-use buildings sold for $5,650,000, or approximately $580/SF. Totaling 9,740 square feet across nine units (seven free-market apartments, one office, and one retail space), the properties are ideally located near Prospect Park and both the 5th Avenue and 7th Avenue retail corridors. Stephen Vorvolakos, Director; Chris Brodhead, Senior Director; Sean R. Kelly, Esq., Partner; and Nicole Daniggelis, Associate Director, arranged the transaction.
      • 70 Douglass Street in Boerum HillAriel also arranged the sale of a development site offering 3,302 buildable square feet, which traded for $1,750,000, or approximately $530/BSF. Stephen Vorvolakos, Director; Sean R. Kelly, Esq., Partner; and Nicole Daniggelis, Associate Director, arranged the transaction.

“These transactions demonstrate the continued strength of both the Boerum Hill and Park Slope markets in Brooklyn,” said Kelly. “The combination of strong demographics, multiple transit options, thriving retail corridors, and long-term neighborhood stability continues to position these areas among the most desirable markets in the borough.”

Each of the four properties is situated within established residential enclaves known for their historic architecture, proximity to multiple transit options, and sustained buyer demand. The deals highlight Ariel’s expertise in sourcing competitive capital for both private clients and developers investing in Brooklyn’s most active multifamily markets.

NOTE: For more information about the Brooklyn investment sales market, please see Ariel Property Advisors’ Brooklyn 2025 Mid-Year Sales Report.