ARIEL CLOSES SALE OF TWO MANHATTAN PROPERTIES

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NEW YORK CITY — Ariel Property Advisors has closed on two Manhattan multifamily properties for approximately $4 million. The properties include 280 Manhattan Ave., a 12,610-square-foot apartment building, which sold for $2.2 million. Victor Sozio, Michael Tortorici and Jesse Deutch represented the buyer and seller, both of which were private investors, in the transaction. The second property, an 8,500-square-foot, mixed-use building, is located at 1804 Third Ave. and sold for $1.85 million. Tortorici and Sozio represented the seller, a family, and the buyer, a private investor.

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