Victor Sozio
Founding Partner
Ariel Property Advisors
Shimon Shkury
President and Founder
Ariel Property Advisors
Gabriel Elyaszadeh
Associate Director - Investment Sales
Ariel Property Advisors
Remi Mandell
Director - Research & Sales
Ariel Property Advisors
NEW YORK, NY – September 19, 2024 – Ariel Property Advisors (Ariel) has announced the sale of two 6-story elevator buildings totaling 109,530 square feet at 226 & 259 West 144th Street in Harlem, New York, for $16,500,000. The buildings house 110 residential units and one ground floor commercial unit.
Ariel Property Advisors arranged the sale of two 6-story elevator buildings totaling 109,530 square feet at 226 & 259 West 144th Street in Harlem for $16,500,000.
An Ariel team comprised of Founding Partner Victor Sozio, alongside President and Founder Shimon Shkury, Associate Director Gabriel Elyaszadeh, and Director of Research & Sales Remi Mandell, represented the seller.
The buildings at 226 & 259 West 144th Street are well-positioned in Harlem, a neighborhood that continues to attract investors due to its ongoing revitalization and proximity to bustling commercial corridors and cultural landmarks. The properties also offer convenient access to the A, B, C, D, and 3 subway lines and the rest of the city.
NOTE: For more information about the Northern Manhattan investment sales market, please refer to Ariel’s latest research reports: Ariel Property Advisors’ Q2 2024 Multifamily Quarter In Review New York City and Northern Manhattan 2024 Mid-Year Commercial Real Estate Trends report.
