Ariel Property Advisors Sells Five Properties in Brooklyn and Upper Manhattan

September 13, 2013 by · Leave a Comment
Filed under: Real Estate 

NEW YORK, Sep 12, 2013— Ariel Property Advisors has announced the sale of five properties in Brooklyn and Upper Manhattan totaling more than $6.65 million.

· A vacant warehouse at 635-639 Classon Avenue in the Prospect Heights section of Brooklyn sold for $1,970,000. The 7,574-square-foot property is zoned M1-1 and is located between Pacific and Dean Streets. The sales team of Jonathan Berman, Shimon Shkury, Michael A. Tortorici, and Victor Sozio represented the seller, a local investor, and procured the buyer, also a local investor.

· A 3,332-square-foot, vacant shell at 315 West 112th Street in Central Harlem sold for $1,675,000, which translates to $503 a foot. The 16.67-foot-wide, four-story building between Manhattan and Morningside Avenues will require a complete gut renovation. The sales team of Jesse Deutch, Victor Sozio, and Michael A. Tortorici represented the seller, a private investor, and procured the buyer, a private developer. Read more