February 13, 2020 Comments (0) Views: 187 New York News, Outer Boroughs New York

Ariel Tapped to Market Eastern Parkway Portfolio

Ariel Property Advisors is marketing the Eastern Parkway Portfolio, a package of five walk-up buildings in the Ocean Hill/Crown Heights neighborhoods of Brooklyn. The asking price for the 61-unit portfolio is $12.5 million, or $170 per square foot.

Ariel has also been hired to sell 162A Utica Ave., a three-story vacant and fully-gutted mixed-use building in Crown Heights.

The four-story properties in the Eastern Parkway Portfolio, which are situated on the north side of Eastern Parkway between Park Place and Thomas S. Boyland Street, span a total of 73,450 gross square feet. The fully-occupied buildings are comprised of two studio, 32 one-bedroom, 23 two-bedroom, and three three-bedroom units.

Ariel’s Jonathan Berman, Victor Sozio and James Meehan are representing the seller, a private investor group. They’re also representing the seller of 162A Utica Ave.

Connect With Ariel

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.

Send this to a friend