Ariel Property Advisors Represents Multifamily Sale In Central Harlem For $5.7M

The multifamily property located at 112-114 West 116th Street in Central Harlem, Manhattan, has been sold for a total price of $5,700,000. The property consists of 19 units with an average price per unit of $300,000. It spans a total area of 18,000 square feet, resulting in a price per square foot of $316. The transaction took place on January 19, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Units: 19
• Price Per Unit: $300,000
• Square Footage: 18,000
• Price Per Square Foot: $316
• Market: Central Harlem, Manhattan

The sale of this multifamily property was facilitated by Victor Sozio, Mark Anderson, Alexander Taic, and Michael Tortorici from Ariel Property Advisors. They represented the parties involved in the transaction.