NEW YORK, NY – January 14, 2015 – Ariel Property Advisors has announced the sale of a 16-building portfolio at 150, 165, & 220 Trantor Place in the northern section of Staten Island for $17.89 million.
L to R: Victor Sozio, Shimon Shkury, Michael A. Tortorici, Mark Spinelli, and Josh Berkowitz
Exclusive agents Victor Sozio, Shimon Shkury, Michael A. Tortorici, Mark Spinelli, and Josh Berkowitz represented the seller, a real estate investment firm, and procured the buyer, a private investor. The 177-unit portfolio consists of 71 two-bedroom and 106 one-bedroom units.
“Multifamily trades of this size in Staten Island are rare, but based on the response we received to the Trantor Portfolio, demand for this type of product is strong,” said Victor Sozio, vice president of Ariel Property Advisors. “With the new and exciting Staten Island developments in the works, especially around the Ferry Terminal, we expect this investor interest to grow.”
The properties are in close proximity to Route 440 which offers easy access to the Bayonne Bridge. They are also conveniently located near the Staten Island Expressway, providing access to the Goethals and Verrazano Bridges and just minutes away from the Bergen Point West Reach, Faber Park and Veteran Park, a beach area offering a variety of coastal attractions.
Ariel Property Advisors sold this Staten Island multifamily portfolio for $17.89 million.
More information is available from the exclusive agents at 212-544-9500: Victor Sozio, ext. 12, vsozio@arielpa.com; Shimon Shkury, ext. 11, sshkury@arielpa.com; Michael A. Tortorici, ext. 13, mtortorici@arielpa.com; Josh Berkowitz, ext. 41, jberkowitz@arielpa.com; or Mark Spinelli, ext. 35, mspinelli@arielpa.com.
