Well-Located Assets with Long-Term Tax Abatement Offer Strong Investment Potential
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.
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.
About Ariel Property Advisors
Ariel Property Advisors is a New York City-based commercial real estate services and advisory company offering expertise in three core areas: Investment Sales, Capital Services and Research & Advisory. Our Investment Sales Group specializes in all major commercial asset types throughout the New York metropolitan area, the Capital Services Group provides clients nationwide with custom-tailored financing solutions and the Research & Advisory team delivers timely market reports, empowering both our professionals and clients. Additionally, our recent strategic partnership with GREA (Global Real Estate Advisors), a nationwide network of independent real estate investment services companies, further expands our reach and capabilities. To learn more, please visit us at arielpa.nyc.
