Ariel Property Advisors Arranges $8.1M Sale of Brooklyn Multifamily Building

NEW YORK CITY — Ariel Property Advisors has brokered the sale of a multifamily property located at 286 Clinton Ave. in Brooklyn’s Clinton Hill historic district. The five-story walk-up sold for $8.1 million, or $29 per square foot. The 19,000-square-foot property features 35 residential units. Mark Spinelli, Michael Tortorici, Shimon Shkury, Victor Sozio, Jonathan Bermand and Daniel Tropp of Ariel Property Advisors represented the seller, a Brooklyn-based real estate development and management firm, and procured the buyer, a real estate investment group, in the transaction.