NEW YORK, NY – June 15, 2022 – Ariel Property Advisors has arranged the sale of two multifamily properties totaling $11.535 million located in West Harlem and the Upper West Side.

A vacant five-story multifamily walk-up building comprising ten free market residential units spanning 9,486 SF at 246 West 108th Street sold for $5.8 million, or $611/SF. The property is located on the south side of West 108th Street between Broadway and Amsterdam Avenue in the highly desirable Manhattan Valley section of the Upper West Side. The asset contains an attractive mix of three-, four- and five-bedroom apartments and is near Columbia University, Riverside Park and a wide variety of high-quality retail and restaurant options.

The transaction was brokered by an Ariel team including Shimon Shkury, President and Founder; Victor Sozio, Founding Partner; Howard Raber, Director, Investment Sales; and Mark Anderson, Director, Investment Sales.

A six-story, 25-foot-wide multifamily elevator building comprising 11 free market residential units spanning 11,238 SF at 369 West 126th Street sold for $5.735 million, or $510/SF. The asset consists of two duplexes, eight one-bedroom units and one penthouse, all of which include modern kitchens and bathrooms, washer/dryers, hardwood/slate flooring and separate forced air heating/cooling HVAC systems and water heaters. The building also features a bike/storage room in the lower level, a roof deck and virtual doorman intercom system in the lobby/waiting area. The property is conveniently located near the highly active 125th Street retail corridor, Columbia University’s Manhattanville campus and recent developments such as The Taystee Building, The Victoria Theater and a retail center anchored by Whole Foods.

The transaction was brokered by an Ariel team including Victor Sozio, Founding Partner; James Nestor, Associate Director, Investment Sales; and Evan Hirsch, Associate, Investment Sales