February 13, 2020
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.
For comments, questions or concerns, please contact Paul Bubny