NEW YORK, NY – November 20, 2024 – Ariel Property Advisors (Ariel) has arranged the $15,650,000 sale of 315-329 Lincoln Place, four contiguous walk-up buildings with 48 units spanning 52,543 square feet in the Prospect Heights neighborhood of Brooklyn.

An Ariel team comprised of Victor Sozio, Founding Partner; Sean R. Kelly, Esq., Partner; Remi Mandell, Director; and Jake Brody, Associate Director, arranged the sale on behalf of the seller.

The well-maintained properties feature recently renovated units with luxury finishes and amenities including in-unit washers and dryers and private outdoor spaces in select units.

The properties are located just steps from the Brooklyn Museum, Brooklyn Library, Brooklyn Botanic Garden, Prospect Park and Grand Army Plaza and are close to the busiest retail corridors in Prospect Heights. Also, 315-329 Lincoln Place offers multiple transportation options with convenient access to the 2 and 3 subway trains.

NOTE: For more information about the Brooklyn investment sales market, please refer to Ariel’s latest research reports: Ariel Property Advisors’ Brooklyn 2024 Mid-Year Commercial Real Estate Trends report and the Q3 2024 Multifamily Quarter In Review New York City.