NEW YORK, NY—Ariel Property Advisors has announced the sale of five properties in Brooklyn and Upper Manhattan totaling more than $6.65 million.

·         A vacant warehouse at 635-639 Classon Avenue in the Prospect Heights section of Brooklyn sold for $1,970,000. The 7,574-square-foot property is zoned M1-1 and is located between Pacific and Dean Streets. The sales team of Jonathan Berman, Shimon Shkury, Michael A. Tortorici, and Victor Sozio represented the seller, a local investor, and procured the buyer, also a local investor.

·         A 3,332-square-foot, vacant shell at 315 West 112th Street in Central Harlem sold for $1,675,000, which translates to $503 a foot. The 16.67-foot-wide, four-story building between Manhattan and Morningside Avenues will require a complete gut renovation. The sales team of Jesse Deutch, Victor Sozio, and Michael A. Tortorici represented the seller, a private investor, and procured the buyer, a private developer.

·         A five-story, mixed-use, corner property at 2299 Adam Clayton Powell Jr. Boulevard in Central Harlem sold for $1,412,500. The 8,585-square-foot building features 14 units, including three retail units, of which two are occupied and one is vacant. The sales team of Victor Sozio, Shimon Shkury, Michael A. Tortorici, Jesse Deutch, and Daniel Tropp represented the seller, a private investor, and procured the buyer, a private real estate investment firm.

·         A warehouse at 105 Dobbin Street between Meserole and Norman Avenues in the Greenpoint section of Brooklyn sold for $850,000. The 25-foot-wide, one-story, 2,500-square-foot building is zoned M1-1. The sales team of Jonathan Berman, Michael A. Tortorici, and Daniel Tropp represented the seller, a private owner, and procured the buyer, an owner/investor.

·         A 25-foot-wide development property at 2238A Amsterdam Avenue in Washington Heights sold for $750,000. The 2,500-square-foot lot contains a 750-square-foot garage, but zoning allows for the construction of a 10,000-square-foot building. The sales team of Victor Sozio, Michael Tortorici, and Jesse Deutch represented the seller, a private investor, and procured the buyer, a private real estate investment firm.

For more information, please call 212-544-9500: Victor Sozio, ext. 12, vsozio@arielpa.com; Jonathan Berman, ext. 20, jberman@arielpa.com; or Jesse Deutch, ext. 18, jdeutch@arielpa.com.

Ariel Property Advisors is a New York City investment property sales firm with an expertise in the multifamily market. The firm also produces a number of research reports including the Multifamily Month in Review: New York City; Multifamily Quarter in Review: New York City; Multifamily Year in Review: New York City; and semi-annual sales reports on Manhattan, Northern Manhattan, Brooklyn, Queens, and the Bronx. More information is available at arielpa.com.