Ariel Property Advisors Facilitates $6M Sale Of East Harlem Multifamily Property

Located in East Harlem, Manhattan, the multifamily building at 524 East 119th Street has been sold for a total of $6,000,000. This property consists of 35 units, with a price per unit of $171,429. Spanning across 21,100 square feet, the building has a price per square foot of $284.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Units: 35
• Price per Unit: $171,429
• Square Footage: 21,100
• Price per Square Foot: $284
• Address: 524 East 119th Street, East Harlem, Manhattan
• Market: East Harlem, Manhattan

Ariel Property Advisors, represented by Victor Sozio, Mark Anderson, Michael Tortorici, and Jack Moran, facilitated the sale of this property.

Additionally, Ariel Property Advisors also facilitated the sale of the cell antenna income in the form of a telecommunications easement to another buyer in order to maximize the price for the seller.