Ariel Property Advisors (Ariel) has announced the $26 million sale of a 237-unit high-rise multifamily building at 1500 Noble Avenue in the Bronx.
An Ariel team comprised of Victor Sozio, Founding Partner; Shimon Shkury, President and Founder; Jason Gold, Senior Director; Daniel Mahfar, Director; and Gabriel Elyaszadeh, Associate Director, represented the seller in the transaction.
The well-maintained 17-story elevator building is situated on five acres of landscaped grounds between Mansion Street and the Cross Bronx Expressway and includes numerous amenities including a pool, clubhouse, rooftop deck, and concierge. Noble Avenue Apartments also offers a live-in super and doorman service.
The unit mix consists of 50 one-bedrooms, 136 two-bedrooms, and 51 three-bedrooms, each with washers/dryers, balconies, and stainless steel appliances. Select units have walk-in closets and vaulted ceilings. The vintage property was built in 1966.
Noble Mansion is conveniently located in the Parkchester section of the Bronx. Noble Mansion overlooks the Bronx River Parkway and the Cross Bronx Expressway. Situated on five acres of beautifully landscaped grounds, this stately structure is what we call “The Mansion in the Bronx.” The apartment rentals include spacious 1, 2 and 3 bedroom floor plans, with modern kitchens and baths, panoramic views and amenities that enable residents to experience easy living in a tranquil atmosphere.
Ariel Property Advisors is a New York City-based commercial real estate services and advisory company with three main groups: investment sales, capital services and research. The Investment Sales Group covers all major commercial asset types throughout the NY metropolitan area, while the Capital Services Group provides clients nationwide with custom tailored financing. Finally, our Research team empowers our professionals and clients with timely market reports.
