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Posts Tagged ‘ariel property advisors’

  • 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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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • Bronx saw investment sales boom in 2012

    January 29, 2013 12:30PM

    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]

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  • 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]

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  • 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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  • Click to enlarge

    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]

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  • Despite a decidedly active August, New York City’s volume of multi-family transactions tailed off a little in September, according to a report released today by Ariel Property Advisors.

    Only 45 multi-family transactions took place in the city in September, compared with 62 in August; that’s a 27 percent decrease in deals. Dollar volume dropped more dramatically month-over-month, falling 48 percent, from $595.19 million to $308.92 million. Year-over-year, the numbers took a more modest hit. There were 50 transactions in September 2011 totaling $467 million. [more]

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  • New York City multi-family transaction volume increased 26 percent year-over-year in the third quarter, according to a report by Ariel Property Advisors.

    There were 163 multi-family deals made in the third quarter compared to just 129 in the third quarter of 2011, but, due to a large number of mid-sized transactions, dollar volume dropped 23 percent from $1.79 billion to $1.38 billion. Compared to the second quarter of 2012, transaction volume was up 4 percent, while dollar volume was up 1 percent. [more]

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  • (credit: Ariel Property Advisors)

    Following a lackluster performance in July, New York City multi-family sales volume rebounded by 44 percent in August, according to a report by Ariel Property Advisors.

    There were 56 multi-family transactions citywide in August totaling $574.5 million, the report shows, compared to just 39 transactions totaling $261.36 million in July. There was also a 65 percent increase in transaction volume year-over-year for the month of August. [more]

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