Ariel Property Advisors Facilitates $5.25M Sale Of Multifamily Building In East Harlem

Located at 88 East 111th Street in East Harlem, Manhattan, this multifamily property recently sold for $5,250,000. The building consists of 30 units, with a price per unit of $175,000. The total square footage of the property is 19,884, resulting in a price per square foot of $264.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $5,250,000
• Units: 30
• Price Per Unit: $175,000
• Square Footage: 19,884
• Price Per Square Foot: $264
• Market: East Harlem, Manhattan

The sale of this property was facilitated by Victor Sozio, Mark Anderson, and Michael Tortorici from Ariel Property Advisors. In addition to the building sale, Ariel Property Advisors also arranged the sale of the cell antenna income in the form of a telecommunications easement to another buyer, maximizing the price for the seller.