Ariel Property Advisors has arranged the sale of a 172,920-square-foot,127-unit affordable multifamily building plus parking garage at 34 West 139th Street in Harlem for $31.5 million.
An Ariel team led by Victor Sozio, Founding Partner, along with Shimon Shkury, President and Founder, Remi Mandell, Director, and Gabriel Elyaszadeh, Associate Director, closed the transaction on behalf of the seller.
The property is conveniently located near Harlem’s vibrant restaurants and cultural venues, established religious and medical institutions and the 2 and 3 subway line at 135th Street.
For more information about the Harlem investment sales market, please refer to Ariel Property Advisors’ Northern Manhattan 2024 Mid-Year Commercial Real Estate Trends report and Q3 2024 Multifamily Quarter In Review New York 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.
