Ariel Property Advisors Facilitates $16.5 Million Sale Of Multifamily Properties In Harlem

The transaction involved a multifamily asset located at 226 West 144th Street & 259 West 144th Street in the Harlem market of Manhattan. The property was sold for $16,500,000 and consists of 111 units, with a price per unit of $148,648. The total square footage of the property is 109,530, resulting in a price per square foot of $151.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 111
• Price Per Unit: $148,648
• Square Footage: 109,530
• Price Per Square Foot: $151
• Date of transaction: 09/05/2024
• Address: 226 West 144th Street & 259 West 144th Street
• Market: Harlem, Manhattan

The brokers representing the transaction were Victor Sozio, Shimon Shkury, Remi Mandell, and Gabriel Elyaszadeh from Ariel Property Advisors. Their involvement contributed to the successful closing of this multifamily property deal.