[[{“value”:”
**Mixed-Use Portfolio Sells for $19.6M in South Bronx’s Longwood Section**
Ariel Property Advisors has successfully arranged the sale of the Tegford Portfolio, a 249-unit, rent-stabilized mixed-use package located in the Longwood section of the South Bronx. The portfolio, consisting of nine five-story walk-up buildings spanning nearly an entire city block, sold for $19,625,000, which equates to approximately $120 per square foot.
The Tegford Portfolio, under the same ownership for nearly 50 years, includes 237 residential units and 12 commercial units, encompassing a total of 163,428 square feet. The properties are situated along Wales Avenue, East 152nd Street, East 151st Street, and Tinton Avenue.
Ariel’s team representing the seller included founding partner Victor Sozio, president and founder Shimon Shkury, senior director Jason Gold, director Remi Mandell, and associate directors Jake Brody and Gabriel Elyaszadeh.
“The sale of the Tegford Portfolio is the most recent example of Ariel’s robust activity in the Bronx,” said Victor Sozio. “Our current pipeline consists of a diverse range of asset classes, from development sites and multifamily buildings to commercial and industrial properties.”
“}]]
