Ariel Property Advisors (Ariel) arranged the closing of four investment sales transactions in Brooklyn, Queens and Northern Manhattan, totaling $9,172, 500. The deals include the following:
- 112 Nagle Avenue in Fort George, Northern Manhattan: Ariel arranged the $3,175,000 sale of a fully rent stabilized, well-maintained, 26-unit mixed-use building at 112 Nagle Avenue on the border of Washington Heights and Inwood. The building includes 24 residential units and two commercial units. An Ariel team including Victor Sozio, Founding Partner, Alix Curtin, Associate Director, and Gabriel Elyaszadeh, Associate Director, brokered the transaction.
- 37 Frost Street in Williamsburg, Brooklyn: Ariel arranged the $2,762,500 sale of a mostly vacant six-unit multifamily walkup building at 37 Frost Street. The value-add property is located two blocks from McCarren Park in a highly desirable section of Williamsburg. An Ariel team comprised of Sean R. Kelly Esq, Partner, and Benjamin Vago, Esq, Director arranged the sale.
- 43-20 34th Avenue in Long Island City, Queens: Ariel arranged the $1,700,000 million sale of a corner mixed-use building at 43-20 34th Avenue, comprised of four free-market two bedroom apartments and two commercial tenants. Alexander Taic, Director, Investment Sales, brokered the building sale.
- 1144 Nostrand Ave, Lefferts Gardens Brooklyn: Ariel arranged the $1,535,000 sale of a three-unit mixed-use property consisting of two apartments over a store at 1144 Nostrand Avenue. An Ariel team comprised of Dov Chein Director, Investment Sales, and Victor Sozio, Founding Partner, brokered the transaction.
NOTE: For more market information, please refer to Ariel’s latest research reports covering the New York City investment sales market: 2023 Multifamily Year in Review, Manhattan 2023 Year-End Commercial Real Estate Trends report, Brooklyn 2023 Commercial Real Estate Trends report, Bronx 2023 Commercial Real Estate Trends report, Queens 2023 Commercial Real Estate Trends report and Northern Manhattan 2023 Commercial Real Estate Trends report.
About Ariel Property Advisors
Ariel Property Advisors is a New York City-based commercial real estate services and advisory company with three main groups: investment sales, capital services and research. The Investment Sales Group covers all major commercial asset types throughout the NY metropolitan area, while the Capital Services Group provides clients nationwide with custom tailored financing. Finally, our Research team empowers our professionals and clients with timely market reports. More information is available at arielpa.nyc
