279
NEW YORK CITY — Ariel Property Advisors has secured financing and facilitated the sale of Grand Crossing Apartments, a two-building multifamily asset located at 208 and 212 W. 133rd St. in Central Harlem. An undisclosed buyer acquired the properties for $9 million. Ariel Property Advisors assisted the buyer’s acquisition of the asset by obtaining a $5.1 million non-recourse, fixed-rate acquisition loan. Victor Sozio, Shimon Shkury, Michael Tortorici and Matthew Gillis of Ariel Property Advisors represented the undisclosed seller and secured the buyer in the deal. The five-story property at 208 W. 133rd St. features 14,175 square feet and 15 apartments, while the 41,380-square-foot property at 212 W. 133rd St. features 40 apartments.