NEW YORK, NY – October 3, 2019 – Ariel Property Advisors has been exclusively retained to sell the HP Plaza Portfolio, a package of 9 walk-up buildings in the prime Northern Manhattan neighborhood of Central Harlem. The asking price for the 120-unit property is $24 million, equating to $225 per square foot and $200,000 per unit.

The portfolio, which encompasses 106,799 gross square feet, contains 116 residential units, 3 retail units and 1 super’s apartment. The residential units are comprised of 17 studios, 29 one-bedroom units, 62 two-bedroom units, and 9 three-bedroom units.

Exclusive agents Victor Sozio, Shimon Shkury, Michael A. Tortorici, Orry Michael and Matthew Lev are representing the seller.

The properties also benefit from their proximity to numerous transportation options, with the 3 subway line just one block east and the A, B, C, and D subway lines are a short walk away. A bevy of cultural and academic institutions are also nearby, including City College of New York, The National Dance Academy, Frederick Douglass Academy, and Jackie Robinson Park.