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Ariel Property Advisors.

Ariel Property Advisors facilitated the sale of a development site package and a multifamily building in Greenpoint and Bushwick. The assets, located at 167-169 Eagle Street and 304 Saint Nicholas Avenue, sold for a collective $5.06 million.

* 167-169 Eagle Street is a pair of adjacent, vacant residential buildings located in Greenpoint. The properties sold for $3.751 million, translating into a$375 per buildable square foot. Zoned R6B, the site's 2.0 floor area ratio allows 10,000 buildable square feet, as-of-right, for residential use. Exclusive agents Daniel Tropp and Michael A. Tortorici procured the buyer.

* 304 Saint Nicholas Avenue is a six-unit Bushwick building, situated between Linden Street and Gates Avenue. It sold for $1.31 million. Spanning 5,670 s/f and measuring 27 by 70 ft. on a 27 by 100 ft. lot, the property is in close proximity to a host of amenities, with Starbucks, June Bar, L'imprimerie, and Maria Hernandez Park among the many neighborhood attractions. Daniel Tropp, Jonathan Berman and Alexander McGee, represented the owner and secured the buyer.

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Title Annotation:SALES
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1U2NY
Date:Jan 3, 2018
Previous Article:Sholom & Zuckerbrot Realty LLC.
Next Article:Capital Property Partners.

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