Ariel Property Advisors Brokers $43M Multifamily Sale In Castle Hill, Bronx

Located in the Castle Hill neighborhood of the Bronx, a multifamily property at 1965 Lafayette Avenue has been sold in a recent transaction. The deal was facilitated by Ariel Property Advisors, with brokers Victor Sozio, Shimon Shkury, Jason Gold, and Daniel Mahfar representing the parties involved.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $43,000,000
• Units: 353
• Price per Unit: $121,813
• Square Footage: 374,197
• Price per Square Foot: $114

The property boasts a total of 353 units with a price per unit averaging at $121,813. Spanning across 374,197 square feet, the property's price per square foot stands at $114.

Ariel Property Advisors played a pivotal role in brokering this transaction, with the team consisting of Victor Sozio, Shimon Shkury, Jason Gold, and Daniel Mahfar.