Ariel Property Advisors has been retained on an exclusive basis to sell 112-114 West 116th Street, a rare 19-unit mixed-use building located in a prime region of Central Harlem. The asking price for the 5-story property is $7 million.

The fully occupied walk-up building, which spans 18,000 square feet, is situated on the south side of West 116th Streetbetween Saint Nicholas and Lenox Avenues. The asset contains 16 Class A rent-stabilized apartments and 3 retail units.

Exclusive Ariel Property Advisors agents Victor Sozio, Orry Michael, Michael A. Tortoriciand John Higgins are representing the seller.

Additionally, the property is steps away from the2 and 3 subway station, providing residents easyaccess throughout Manhattan and outer-borough locations.

More information is available from the exclusive agents at 212-544-9500: Victor Sozio, ext. 12, vsozio@rielpa.com; Orry Michael, ext. 88, omichael@arielpa.com; Michael A. Tortorici, ext. 13, mtortorici@arielpa.com;and John Higgins, ext. 58, jhiggins@arielpa.com

Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.

For press inquiries, please contact our Public Relations Department at 212.544.9500 ext. 19 or via pr@arielpa.com