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Posts Tagged ‘ariel property advisors’

  • 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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  • 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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