Ariel Property Advisors Sells Multifamily Asset At 1951 Park Avenue East Harlem For $29.19M

The property asset involved in the transaction is a multifamily building located at 1951 Park Avenue in the East Harlem market. The sale price of the property was $29,186,030, featuring a total of 175 units. The overall square footage of the asset is 179,616, resulting in a price per unit of $166,777 and a price per square foot of $162.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,186,030
• Units: 175
• Square Footage: 179,616
• Price Per Unit: $166,777
• Price Per Square Foot: $162

Key individuals involved in the transaction include Victor Sozio, Shimon Shkury, Alexander Taic, Jake Brody, and Remi Mandell, all representing Ariel Property Advisors in this sale.