The Real Deal New York

Posts Tagged ‘ariel property advisors’

  • club

    141 Chrystie Street and Shimon Shkury

    The two-story Lower East Side nightclub venue that formerly housed the short-lived Mystique Ultra Lounge and Bobby’s is on the market. Brokerage Ariel Property Advisors is marketing the retail property as a development site with more than 21,000 buildable square feet.

    Sources told The Real Deal the site is expected to sell for as much as $15 million. A developer could construct a building as tall as 125 feet — or 10 extra stories on top of the existing two floors. [more]

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  • From left: Michael Tortorici, Bushwick in Brooklyn and Jonathan Berman

    From left: Michael Tortorici, Bushwick in Brooklyn and Jonathan Berman

    Brooklyn is booming.

    According to Ariel Property Advisors’ half year report for 2014, the dollar volume of commercial building sales in Brooklyn topped $3 billion. That marks a 73 percent hike from the first half of 2013. The transaction volume in the first six months was up by about a third (646 transactions), while the property volume went up 38 percent (884 properties). [more]

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  • From left: Shimon Shkury, Ariel Property Advisors' monthly report and 76 Meserole Street

    From left: Shimon Shkury, Ariel Property Advisors’ monthly report and 76 Meserole Street

    UPDATED 7:45 a.m., July 16: Even though May was a bit slower than the previous month, New York City’s multifamily market is strong and steady, according to Ariel Property Advisors’ monthly report. [more]

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  • Apartment buildings in the Bronx

    Apartment buildings in the Bronx

    Brooklyn and – surprise – the Bronx led the way in multifamily sales in April, outpacing Manhattan in number of transactions, units sold and dollar amounts, according to Ariel Property Advisors’ monthly report. [more]

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  • From left: Sol Arker, a snapshot of the Morrissania portfolio, and David Walentas

    From left: Sol Arker, a snapshot of the Morrisania portfolio, and David Walentas

    The Arker Companies, a New York-based developer of affordable housing, is making a major property play in the South Bronx. Arker is buying Two Trees Management’s “Morrisania” multifamily portfolio, a 676-unit, 18-property affordable housing package with nearly 675,000 square feet of space, according to a source familiar with the deal. [more]

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  •  MFQIR1stquarter2014

    The dollar volume of New York City multifamily home sales soared in the first quarter by 167 percent, according to a quarterly report from Ariel Property Advisors. [more]

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  • 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]

    2 Comments
  • 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]

    1 Comment
  • 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]

    4 Comments
  • 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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