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  • Transaction CLOSED  |  Jan 28th
    121 Vermilyea Avenue
    Ariel Property Advisors is pleased to present this 5-story, 16-unit multifamily building located on Vermeliyea Avenue between West 204th and West 207th Streets in the Inwood neighborhood of Manhattan. The property contains 16 units, all of which are rent stabilized.
  • Transaction CLOSED  |  Jan 28th
    1865 Amsterdam Avenue
    The subject property consists of 40’ of frontage along Amsterdam Avenue, between 152nd & 153rd Street in a newly formed tax lot. The site will be delivered along with approximately 19,000 sq. ft. of air rights transferred from the adjacent property, and will allow for approximately 34,430 square feet of above grade space and 2,360 square feet for commercial in the basement.
  • Transaction CLOSED  |  Jan 28th
    309 West 111th Street
    Ariel Property Advisors is pleased to present this five (5) story, sixteen (16) unit multifamily building located on West 111th Street between Manhattan Avenue and Fredrick Douglas Boulevard. The 33’ wide building has a unit mix consisting of twelve (12) two-bedroom apartments and four (4) three-bedroom apartments. Of these apartments, there are twelve (12) free market units, two (2) rent stabilized units and two (2) rent controlled units.
  • Price REDUCTION  |  Jan 26th
    860 Melrose Avenue
    Ariel Property Advisors is pleased to present this 2-story commercial building in the Melrose section of The Bronx. The tenants, who all have long-term leases, have occupied their units for several years. Consisting of 4,200 square feet, the building generates roughly $124,000 in gross revenue and yields $94,000 of Net Income.
  • Market Watch  |  Jan 25th
    Governor Pledges $486 Million for Affordable Housing
    This week we’re highlighting Governor Cuomo’s State of the State address, more job gains in New York City, and updates on local developments.
  • Price REDUCTION  |  Jan 23rd
    52-56 Throop Avenue
    This property is a prime development opportunity which offers over 87’ of frontage ideally situated on a corner site in Williamsburg. Measuring 87.5’ x 100’ and zoned R7A, the site’s 3.45 FAR allows approximately 30,188 buildable square feet, as-of right. The site can also benefit from inclusionary housing, which would allow for an FAR of 4.6, or 40,250 buildable square feet. The buildings on the site will be delivered vacant.
  • Property FOR SALE  |  Jan 22nd
    Manhattan College Student Housing Portfolio
    Ariel Property Advisors is pleased to present the Manhattan College Student Housing Portfolio in the Riverdale section of The Bronx. Each home has been retrofitted specifically to accommodate the demand for quality student housing in this neighborhood with all of the units equipped with their own kitchen, bathroom and common area.
  • Property FOR SALE  |  Jan 20th
    123 Baxter Street - Retail Condo Units
    Ariel Property Advisors presents a portfolio of four (4) retail condo units situated in Little Italy between Hester Street and Canal Street. Together, the properties enjoy approximately 140 feet of prime retail frontage, with 70 feet on Baxter Street and 70 feet on Hester Street.
  • Property FOR SALE  |  Jan 20th
    1456 Bedford Avenue
    This 27’ x 100’ vacant lot which has 27’ of frontage is located in an R6A/C2-4 zoning district and has a FAR of 3.0 which allows for 8,100 (approx.) as-of-right buildable square footage, the owner will provide an additional 725 SF of air rights so the total buildable is 8,825 SF.
  • Transaction CLOSED  |  Jan 20th
    3084 Webster and 410-414 East 203rd Street
    The subject property is a development site located on the Southeast corner of East 203rd Street and Webster Avenue. Located within the recently re-zoned Webster Avenue corridor, the R7D zoning allows for approximately 93,000 BSF (As-of-right) and approximately 124,000 BSF with inclusionary housing.
  • Transaction CLOSED  |  Jan 20th
    2475 Hughes Avenue
    Ariel Property Advisors is pleased to present this multi-family building located on the west side of Hughes Avenue between East 188th and East 189th Streets in the Belmont section of The Bronx. Spanning approximately 15,000 square feet, 2475 Hughes Avenue contains 20 residential units, all of which are rent stabilized.
  • Transaction CLOSED  |  Jan 20th
    1870 Grand Concourse
    Ariel Property Advisors has been retained to sell the mixed use medical building located at 1870 Grand Concourse in the Mount Hope section of The Bronx. The property consists of retail and office space on the ground floor and three additional floors of office space. The ground floor is leased by a pharmacy and dental practice. The second floor has several offices, one of which is currently rented by a physician.
 
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