ARIEL PROPERTY ADVISORS SELLS RETAIL PROPERTY FOR $3.4 MILLION

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NEW YORK, NY – June 15, 2012 – (RealEstateRama) — Ariel Property Advisors has sold a Central Harlem retail property leased by Citibank for $3.4 million. Exclusive agents Victor Sozio, Shimon Shkury, and Michael Tortorici handled the sale for a private owner. The property was sold to a private investment group that operates multiple retail locations throughout the country.

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