Shimon Shkury of Ariel Property Advisors and 1423-1425 Amsterdam Avenue (Building photo via Loopnet)

The number of multi-family building sales in New York City rose 21 percent month-over-month in March, according to a report released today by Ariel Property Advisors. [more]

The Long Island City site

A corner in Queens that has 78,000 buildable square feet has hit the market with an asking price of $11.25 million, according to Ariel Property Advisors, the commercial brokerage marketing the site. [more]

From left: Shimon Shkury and a multifamily building

Multi-family property transactions accounted for $1.1 billion in New York City real estate sales in the first quarter of 2013, declining 41 percent year-over-year from $1.86 billion due to a lack of large institutional deals, according to a report released today by Ariel Property Advisors. [more]

Shimon Shkury

New York City’s multi-family property market remained subdued in February following a manic close to 2012 and a subsequently slow January, according to data provided to The Real Deal by Ariel Property Advisors.

There were just 28 multi-family transactions in the city in February, the data show, adding up to a total of $249.11 million. Those figures represent a 28 percent decrease in transaction volume and a 42 percent drop in dollar volume compared to February 2012, which saw 39 transactions totaling more than $428.82 million. Compared with January 2013, the numbers represent a 4 percent increase in transaction volume and a 22 percent decline in dollar volume. [more]

Shimon Shkury and the Jared Kushner-acquired 201 East 2nd Street

New York City multi-family investors appear to have taken a breather in January, following a tremendous surge in deal volume in December as they braced for increases in capital gains taxes.

The number of multi-family deals in the five boroughs decreased by 34 percent in January, according to data provided to The Real Deal by Ariel Property Advisors, with just 35 deals taking place compared with 25 in December. There was also a 68 percent drop in the dollar volume of those deals, the data show, from $979.28 million to just $312.78 million. [more]

Strengthening economic fundamentals and buzz surrounding major developments such as the Barclays Center and City Point have served as a boon for the Brooklyn investment sales market, according to a report by Ariel Property Advisors.

Dollar volume of Brooklyn investment sales increased by 106 percent in 2012 compared to the previous year, to a total of $4 billion, the report shows. There were a total 586 Brooklyn investment sales transactions in 2012, a 51 percent increase year-over year. There were 388 total deals in 2011. [more]

The Bronx

Institutional investors busied themselves buying up Bronx investment properties in 2012 as they looked for places to park their capital, according to a report by Ariel Property Advisors released today. The number of investment properties sold in the borough jumped 46 percent compared to the prior year, while the dollar volume of those deals shot up by 63 percent, the report shows. There were a total of 220 commercial real estate transactions totaling $1.28 billion, compared to 147 transactions totaling $613 million in 2011. Thirty-seven of the year’s transactions were priced at more than $10 million…. [more]

credit: Ariel Property Advisers

Despite an increase in inventory stemming from the impending expiration of the Bush tax cuts, demand for investment sales opportunities appears to have outpaced supply in 2012. Sales of Northern Manhattan investment properties jumped by 58 percent year-over-year last year, raking in a total $1.17 billion compared to $693 million the year previous, according to a report on Northern Manhattan by Ariel Property Advisors. There were a total of 296 commercial real estate transactions last year, the report shows, 91 more than in 2011. [more]

Credit: Ariel Property Advisors

Multi-family property transactions accounted for $7.8 billion in New York City real estate deals in 2012, according to a report by Ariel Property Advisors, a 54 percent increase from the previous year. There were 639 multi-family transactions in the five boroughs during the year, the report shows, while in 2011 there were just 470 trades totaling $5.06 billion. [more]

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New York City multi-family transaction volume rose 24 percent during the month of October compared to October 2011 and 9 percent month-over-month, according to data provided to The Real Deal by Ariel Property Advisors. … [more]