MENU
CLIENT ACCESS
MENU
CLIENT ACCESS
NEW YORK, NY – September 16, 2015 – Ariel Property Advisors has been retained to sell two 25’ wide mixed-use walk-up buildings located at 963 and 969 Columbus Avenue in Manhattan Valley. Situated on the east side of Columbus Avenue between West 107th and West 108th Street, the properties contain 20 units in total. The asking price is $15.95 million.
Exclusive agents Shimon Shkury, Victor Sozio and Josh Berkowitz are leading the sales effort on behalf of the owner, a private investor.
Together, the buildings contain 18 residential units, most of which are large three-bedroom apartments, and two commercial units. All of the residential units in both properties are free market and boast individual boilers and hot water heaters.
“963 and 969 Columbus Avenue are turn-key properties which will enable new ownership to capitalize on market-rate rents in an established, yet still growing residential and retail area,” said Victor Sozio, Executive Vice President of Ariel Property Advisors.
The properties offer easy access to Manhattan and outer borough locations via the 1 train on Broadway and 103rd Street and the A,B,C train on 110th Street and Central Park West. The area is in close proximity to major institutions and landmarks such as Central Park, Morningside Park, Barnard College, and Columbia University.
963 and 969 Columbus Avenue in Manhattan Valley
More information is available from the exclusive agents at 212-544-9500: Shimon Shkury, ext. 11, sskury@arielpa.com; Victor Sozio, ext. 12, vsozio@arielpa.com; Michael A. Tortorici, ext. 13, mtortorici@arielpa.com; Josh Berkowitz, ext. 41, jberkowitz@arielpa.com; Matthew Gillis, ext. 42, mgillis@arielpa.com; and Samuel Atlas, ext. 48, satlas@arielpa.com.
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.
For press inquiries, please contact our Public Relations Department at 212.544.9500 ext. 19 or via mploc@arielpa.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.
