ARIEL PROPERTY ADVISORS BROKERS $10 MILLION DEVELOPMENT SITE SALE

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NEW YORK CITY — Ariel Property Advisors has arranged the sale of a development site at 92 Fulton Street in Lower Manhattan. The 25-foot wide vacant lot offers 29,890 buildable square feet, including air rights. A private investor purchased the property from a developer for $10 million. Michael Tortorici, Howard Raber, Shimon Shkury, Victor Sozio and Randy Modell of Ariel Property Advisors represented the seller and procured the buyer in the transaction.

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