NEW YORK, NY – September 30, 2021 – Ariel Property Advisors has arranged the $9.35 million sale of a parking garage at 102 West 107th Street. Located between Amsterdam Avenue and Columbus Avenue on the Upper West Side, the property stands four stories and features two service elevators and below-grade space. The property sale was arranged by an Ariel Property Advisors team including Victor Sozio, Executive Vice President, Investment Sales; Shimon Shkury, President; Michael Tortorici, Executive Vice President, Investment Sales; Mark Anderson, Director, Investment Sales; and Courtney Lee, Associate Director, Investment Sales.
102 West 107th Street
In addition to the parking garage’s 29,700 square feet, it also features a 75-by-101-foot lot with approximately 576 square feet of air rights. The location itself is in a prime location for residential use, just a few short blocks from the Cathedral Pkwy station on the B and C lines and within close walking distance to Central Park, Morningside Park, a variety of retail outlets and restaurants, the Nicholas Roerich Museum, The Cathedral Church of Saint John the Divine and Columbia University.
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.
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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.