Ariel Property Advisors Negotiates $4.9M Sale of Multifamily Development Site in The Bronx

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $4.9 million sale of a multifamily development site in the Mott Haven area of The Bronx that can support 77,750 buildable square feet. The site at 431-439 Concord Ave. comprises two contiguous lots in a Qualified Opportunity Zone that were recently rezoned to support affordable housing usage. Daniel Mahfar, Victor Sozio and Jason Gold of Ariel Property Advisors brokered the deal. The buyer and seller were not disclosed.

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