Ariel Property Advisors Sells Multifamily, Mixed-Use Buildings In West Harlem & Brooklyn Heights For $9.7 Million
Ariel Property Advisors has facilitated the sale of 347 Manhattan Avenue, a multifamily building in West Harlem, and 77 Atlantic Avenue, a mixed-use property in Brooklyn Heights. The two assets sold for a collective $9.7 million.
347 Manhattan Avenue – The 5-story, 16-unit multifamily walk-up building is located on the west side of Manhattan Avenue between West 114th Street and West 115th Street. Spanning 11,565 square feet, the meticulously maintained property benefits from an additional 6,493 square feet of air rights for further development. The property sold for $5.2 million
Situated along a tree-lined residential block, the building is near several neighborhood attractions and institutions, with Morningside Park around the corner and Central Park a mere five blocks south. Columbia University’s undergraduate campus, law school and business school are all within walking distance.
Brooklyn Boro
View MoreNew York City’s most populous borough, Brooklyn, is home to nearly 2.6 million residents. If Brooklyn were an independent city it would be the fourth largest city in the United States. While Brooklyn has become the epitome of ‘cool and hip’ in recent years, for those that were born here, raised families here and improved communities over the years, Brooklyn has never been ‘uncool’.