Press Releases Archive
Dov Chein
Director - Investment Sales
Ariel Property Advisors
Benjamin Vago, Esq.
Director - Investment Sales
Ariel Property Advisors
Victor Sozio
Founding Partner
Ariel Property Advisors
Matthew L. Gillis
Director - Investment Sales
Ariel Property Advisors
Sean R. Kelly, Esq.
Partner
Ariel Property Advisors
Shimon Shkury
President and Founder
Ariel Property Advisors
Howard Raber, Esq.
Director - Investment Sales
Ariel Property Advisors
Stephen Vorvolakos
Director - Investment Sales
Ariel Property Advisors
Julian Montilus
Associate - Investment Sales
Ariel Property Advisors
NEW YORK, NY – January 19, 2023 – Ariel Property Advisors has arranged the sale of five properties in Brooklyn and Manhattan totaling $13.5 million.
729 Lafayette Avenue
The transactions include:
• 729 Lafayette Avenue, Brooklyn. A four-story multifamily building in Bedford Stuyvesant with 17 mostly free market units sold for $5.05 million. Director Dov Chein arranged the transaction with Director Benjamin Vago and Founding Partner Victor Sozio.
• 188 Cooper Street, Brooklyn. A newly constructed luxury multifamily building in Bushwick consisting obr>f one studio and seven one-bedroom apartments sold for $3.55 million. Directors Dov Chein and Matthew Gillis managed the transaction.
• 344 Lorimer Street, Brooklyn. This development site offering 6,698 BSF in Williamsburg sold for $2.175 million. Situated on Lorimer between Meserole Street and Montrose Avenue near Sternberg Park, the site has approved plans for a five-story, five-unit plus penthouse residential building. Director Benjamin Vago facilitated the transaction along with Partner Sean Kelly and President and Founder Shimon Shkury.
• 158 West 23rd Street, #1C, Manhattan. Director Howard Raber and President and Founder Shimon Shkury managed the $1.5 million sale of this vacant, turnkey, 1,831-square-foot retail condo with an additional 1,455 square feet of below-grade area. The property is located on 23rd Street between 6th and 7th Avenues in Chelsea.
• 193 34th Street, Brooklyn. A 4,320-square-foot former church in Greenwood Heights sold for $1.22 million. The building, which is slated to be refurbished into an architect’s office and showroom, includes a 2,160-square-foot basement and about 1,725 square feet of air rights. Partner Sean Kelly arranged the transaction along with Director Stephen Vorvolakos and Associate Julian Montilus.
193 34th Street
For more information, please contact: Gail Donovan at 212.544.9500 ext. 19 or gdonovan@arielpa.com.
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Ariel Property Advisors is a New York City-based commercial real estate services and advisory company offering expertise in three core areas: Investment Sales, Capital Services and Research & Advisory. Our Investment Sales Group specializes in all major commercial asset types throughout the New York metropolitan area, the Capital Services Group provides clients nationwide with custom-tailored financing solutions and the Research & Advisory team delivers timely market reports, empowering both our professionals and clients. Additionally, our recent strategic partnership with GREA (Global Real Estate Advisors), a nationwide network of independent real estate investment services companies, further expands our reach and capabilities. To learn more, please visit us at arielpa.nyc.