NEW YORK CITY — Ariel Property Advisors has brokered a two-building mixed-use portfolio sale for $15.4 million. Located at 220 West 116th St. and 449 West 125th St. in Harlem, the properties offer a total of 59 units. The five-story, 46,080-square-foot building at 220 West 116th St. features five retail units and 35 rent-stabilized apartments, including 33 three-bedroom units and two studios. The six-story, 16,382-square-foot property at 449 West 125th St. features two retail units and 17 rent-stabilized apartments: one three-bedroom unit, seven two-bedroom units and six one-bedroom units. Shimon Shkury, Victor Sozio, Michael Tortorici and Jesse Deutch of Ariel Property Advisors represented the seller, Teaneck, N.J.-based Treetop Development LLC, and procured the buyer, a New York City real estate investment firm, in the transaction.
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