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Ariel Closes Sale of Eight-Building Prospect Park South Portfolio

Ariel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of Brooklyn for $79.85 million,

Summary

Ariel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of Brooklyn for $79.

85 million, or $193 per square foot.

The eight properties in the Prospect Park South Portfolio are located at 816, 682, 672 and 666 Ocean Ave., 280 E. 21st St., 95...

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