CENTRAL HARLEM DEVELOPMENT SITES SELL FOR $2.1M

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NEW YORK CITY — Ariel Property Advisors has arranged the $2.1 million sale of two Central Harlem development sites. The first sale was at 56-58 W. 129th St., which sold for $1.57 million. The seller was an institutional investor and the buyer plans to build condominiums. The second property was 42 E. 132nd St., a 27-foot-wide lot located between Park and Madison avenues. The seller was a private investor and the buyer plans to build affordable housing. In both deals, Michael Tortorici, Shimon Shkury and Victor Sozio of Ariel Property Advisors represented the buyer and the seller.

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