Ariel Property Advisors Facilitates Multifamily Sale In Prospect Park For $79.85M With 387 Units

The transaction involved multiple multifamily properties located at 816 Ocean Avenue, 682 Ocean Avenue, 672 Ocean Avenue, 666 Ocean Avenue, 280 East 21st Street, 95 East 18th Street, 91 East 18th Street, and 221 Linden Boulevard in the Prospect Park market. The sale was completed at a price of $79,850,000, encompassing a total of 387 units across 411,892 square feet, translating to a price per unit of $206,330 and a price per square foot of $193.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $79,850,000
• Units: 387
• Square Footage: 411,892
• Price Per Unit: $206,330
• Price Per Square Foot: $193
• Date of Transaction: 2/20/2026
• Broker Representatives: Victor Sozio, Shimon Shkury, Sean R. Kelly, Esq., Remi Mandell, Lawrence Sarn, Nicole Daniggelis, and Erik Moloney - Ariel Property Advisors

The deal featured prominent brokers representing the transaction, a collective effort including Victor Sozio, Shimon Shkury, Sean R. Kelly, Esq., Remi Mandell, Lawrence Sarn, Nicole Daniggelis, and Erik Moloney from Ariel Property Advisors. Their collaboration was key in navigating the complexities of this multifaceted transaction in the multifamily real estate sector.