NEW YORK CITY — Ariel Property Advisors has brokered the sales of two properties in Upper Manhattan and the Bronx totaling $5.85 million. In the first transaction, a 75-foot wide development site at 531 West 159th St. in Washington Heights sold for $3.3 million. The property features approximately 25,779 buildable square feet as of right for residential development and 48,711 buildable square feet if a community facility is included. Victor Sozio, Michael Tortorici, Jesse Deutch and Josh Berkowitz of Ariel Property Advisors represented the seller and buyer, both private investors, in the transaction. In the second transaction, a 19,800-square-foot mixed-use property at 576 Southern Blvd. in the Longwood section of the Bronx sold for $2.55 million. Scot Hirschfield, Jason Gold, Shimon Shkury and Victor Sozio of Ariel Property Advisors represented the seller and buyer, which were both private investors.
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