RETAIL PROPERTY LEASED TO CITIBANK SELLS FOR $3.4M IN NYC

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NEW YORK CITY — A Central Harlem retail property leased by Citibank has sold for $3.4 million. The one-story bank branch building is located at 2481 Adam Clayton Powell Blvd. The rent is $15,000 per month. Victor Sozio, Shimon Shkury and Michael Tortorici of Ariel Property Advisors represented the seller, a private owner, in the transaction. The property was sold to a private investment group that operates multiple retail locations throughout the U.S.

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