The Real Deal New York

Posts Tagged ‘ariel property advisors’

  • mfmir-feb-2014

    February multifamily sales in New York City (Credit: Ariel Property Advisors)

    February was another strong month for multifamily building sales in the city, as the dollar volume of those deals skyrocketed 186 percent year-over-year, according to the latest monthly report from investment firm Ariel Property Advisors. [more]

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  • 14-01, 14-07 and 14-19 Broadway in Long Island City

    14-01, 14-07 and 14-19 Broadway in Long Island City

    Two developers have teamed up to build a 76-unit condominium in Long Island City after buying a development site with 78,000 square feet of buildable space. [more]

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  • From left: 125 Brighton 11th Street, 15 Cliff Street and

    From left: 125 Brighton 11th Street, 15 Cliff Street and 407 Beach 20th Street

    While January multifamily sales in New York City tumbled from December numbers, both the dollar volume and number of properties sold were bigger than in January of 2013, according to a monthly report from Ariel Property Advisors. [more]

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  • 47-third

    47-53 Third Avenue

    Real estate investment firm Atkins & Breskin is aiming to sell an East Village residential condominium for $28 million, according to marketing materials obtained by The Real Deal.

    The five-story, 30,662-square-foot building is located at 47-53 Third Avenue, between East 10th and East 11th Streets. The property has 28 one-and-two bedroom apartments and will be delivered vacant, according to the marketing materials from Ariel Property Advisors. It comes with an additional 7,802 square feet of as-of-right air rights. A team led by Ariel’s Victor Sozio and Shimon Shkury is marketing the property on behalf of Atkins. [more]

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  • Long Island City

    Long Island City

    Investors spent $1.36 billion to buy multifamily properties in Queens in 2013, more than twice what they pumped into the borough in 2012, according to a new report from Ariel Property Advisors.

    The growth in Queens outpaced any other borough except Staten Island, which Ariel doesn’t track. Investors have targeted Queens’ neighborhoods such as Long Island City, Astoria, Sunnyside and Jackson Heights, according to the report. [more]

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  • ariel-graphic-final

    Investment property sales netted a healthy volume in 2013, despite a downturn in the number of properties sold.

    Manhattan saw a total of 672 transactions comprising 852 properties in 2013, a slight decline from the 765 transactions composed of 935 properties in 2012, according to Ariel Property Advisors’ 2013 Manhattan Investment Property Sales report. Dollar volume for the year came in slightly north of $27 billion in gross consideration. That’s a 23 percent increase from 2012, when volume totaled $21.8 billion. [more]

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  • Multi-family deals up in NYC

    January 23, 2014 03:07PM

    ariel-multifam-final

    Both the number of deals and the dollar-volume in New York City’s multi-family market rose in 2013 — despite a slip in citywide transaction volume and falling numbers in Manhattan. [more]

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  • multifamily-november

    Multi-family month in review for New York City (Credit: Ariel Property Advisors)

    Although the New York City multi-family market saw fewer deals in November year-over-year, they were far bigger: Dollar volume climbed 114 percent to $1.3 billion from $585 million, according to a monthly report from Ariel Property Advisors. [more]

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  • 100-luquer-street

    100 Luquer Street, Shimon Shkury

    A bevy of small building sales boosted the number of multi-family deals in the city in October by 40 percent – for the second time this year, according to data from Ariel Property Advisors provided exclusively to The Real Deal.

    October’s 70 multi-family deals included 99 properties worth more than $648 million. Year-over-year, deal volume was up 40 percent and dollar volume up 61 percent. During October 2012, there were 50 deals involving 70 buildings totaling roughly $403 million. [more]

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  • 556-558 West 126th Street

    556-558 West 126th Street

    Two multifamily properties near Columbia University’s new 17-acre Manhattanville campus have sold for $15 million, or $384,615 per unit, brokers on the sale told The Real Deal. [more]

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  • ariel-property-advisors

    Shimon Shkury and 202 8th Street in Gowanus

    Institutional sales drove big gains in the New York City multi-family market in September, as the dollar volume of transactions climbed 71 percent year-over-year, according to a monthly report from Ariel Property Advisors.

    There were 53 deals comprised of 110 buildings totaling about $657 million in September. The number of deals rose a mere 6 percent from 50 sales in September 2012, but the total value nearly doubled from $384.6 million. [more]

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  • Multi-family sales up 12 percent in Q3

    October 24, 2013 04:39PM

    uparrow

    Multi-family home sales ticked up in the third quarter of 2013, according to Ariel Property Advisors’ quarterly report on multi-family sales provided exclusively to The Real Deal.

    The number of multi-family transactions in New York City increased 12 percent in the third quarter over the same period in 2012, and the dollar volume of those trades leapt 57 percent, boosted by the hefty $600 million sale of Westbrook’s multi-family portfolio. [more]

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  • Multifamily August snapshot (Source: Ariel Property Advisors)

    Multifamily August snapshot (Source: Ariel Property Advisors)

    Multi-family home sales took a dip in August, according to Ariel Property Advisors’ monthly report on multi-family sales provided exclusively to The Real Deal. [more]

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  • Multi-family sales gathering steam

    September 13, 2013 02:48PM
    Ziel Feldman and the Astor at 235 West 75th Street

    Ziel Feldman and the Astor at 235 West 75th Street

    Thanks largely to a boost from the $600 million sale of Westbrook Partners’ residential portfolio to Ziel Feldman, the dollar volume of July multi-family trades roared at 90 percent year-over-year, according to Ariel Property Advisors’ monthly report on multi-family sales provided exclusively to The Real Deal [more]

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  • shimon

    Ariel’s Shimon Shkury and 607 West 161st Street

    Washington Heights is getting a new 62-unit residential building. Developer Samuel Sutton, a partner at 601 Associates LLC, filed a plan exam application with the Department of Buildings late last month for a 10-story, 46,116-square-foot property.

    Demolition permits were filed in July for the church currently on the 7,667-square-foot lot at 607 West 161st Street. Ariel Property Advisors had the listing for the site, which sold in February for $3 million. [more]

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  • ShimonShkury

    Ariel Property Advisors’ Shimon Shkury

    Ariel Property Advisors has come far in two years, growing from a staff of 10 to 40 and handling $250 million in business last year.

    The investment-property sales firm, which specializes in commercial and rental-apartment buildings in the city’s outer boroughs, is on pace to double its sales volume this year, founder Shimon Shkury said. It has three Manhattan deals in the works, ranging from $30 million to $50 million apiece. Below 96th Street, competition is stiff among Ariel’s adversaries, which include Cushman & Wakefield, Eastern Consolidated, CBRE and Massey Knakal, where Shkury served as a senior broker before branching out on his own. [more]

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  • june2013mfmir-for-web

    New York City saw a jump of 107 percent in the dollar volume of multifamily transactions in June compared to the previous month, according to a new report from Ariel Property Advisors provided to The Real Deal. [more]

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  • ariel-2nd-q

    Deals for New York City multifamily homes rebounded in the second quarter, jumping 50 percent from the previous quarter, the most recent report from Ariel Property Advisors shows. [more]

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  • NYC multifamily deals climb in May

    July 11, 2013 11:30AM

    multifamily-ariel

    More New York City multifamily homes sold in May than the month before, but numbers are still down year-over-year, the latest report from Ariel Property Advisors shows. [more]

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  • Multifamily transaction figures for April from Ariel Property Advisors

    The number of multifamily transactions in Manhattan fell while total deal volume soared in April, the most recent report from Ariel Property Advisors shows. [more]

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