The Real Deal New York

Posts Tagged ‘Shimon Shkury’

  • Big Harlem ground lease hits the market

    September 10, 2014 06:00PM
    From left: 256-258 West 125th Street and Shimon Shkury

    From left: 256-258 West 125th Street and Shimon Shkury

    The owner of a Harlem building is looking for a partner to develop a mixed-use property on the rapidly changing West 125th Street. [more]

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  • 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: 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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  • alternate<br /></a>text
    From left: Bruce Mosler of Cushman & Wakefield, Ron Cohen, Stephen Siegel and Joseph Moinian (credit: Marc Becker)

    Ron Cohen, vice chairman of Capital Markets New York at Jones Lang LaSalle, was honored last night at the 30th annual gala benefiting the American Friends of Rabin Medical Center. Proceeds from the event, dubbed “The Best of New York Meets the Best of Israel,” will benefit the future Emergency and Trauma Center at Rabin Medical Center in Israel.

    Cohen is also a founder and executive board member of the AFRMC. … [more]

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  • Multi-family transactions were up 48 percent year-over-year in the second quarter of 2012, according to a report released today by Ariel Property Advisors.

    A total of 193 buildings worth $1.38 billion traded citywide in the second quarter, compared with 129 buildings totaling $1.06 billion in the first quarter of 2012 and 149 buildings totaling $1.03 billion in the second quarter of 2011. [more]

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  • A prime Midtown East development site at 249-53 East 50th Street has hit the market, with approximately 44,000 buildable square feet and 55 feet of frontage between Second and Third avenues, Ariel Property Advisors, the exclusive listing agent for the property announced today. The site came online this morning with no noted asking price, a spokesperson for the company told The Real Deal, a tactic which some industry experts say brokers are increasingly employing to gauge the market’s interest as the economy continues to fluctuate.

    “When they put a price tag on [a site,] they may be undershooting,” said one commercial broker active within the industry, particularly in this economy. … [more]

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  • The pace of New York City multi-family sales remained strong in September, according to a report from Ariel Property Advisors released today, with 41 transactions citywide, totaling $402 million.

    There was a 31 percent increase in the number of buildings sold in September compared with August, but a 9 percent dip in dollar volume, the report notes. The number of buildings sold was almost double the number sold in September 2010, when 24 buildings worth a total of $204 million traded.

    “The steady activity through September suggests the multi-family market is poised for a strong finish through the end of the year,” said Shimon Shkury, president of Ariel Property Advisors. – Katherine Clarke[more]

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  • From left: Gifford Miller and Robert Frost, partner at Signature Urban
    Properties

    The Department of City Planning will be holding a public hearing on former City Council Speaker Gifford Miller’s Bronx real estate project later this month, the Wall Street Journal reported.

    As previously reported, Miller and longtime friend Robert Frost, a partner at Signature Urban Properties, are planning to transform a derelict section of the Bronx near the Sheridan Expressway with 10 new “affordable” apartment buildings, they said.

    The $400 million Bronx project is the pair’s first ground-up venture, the Journal said; the area is currently home to a strip of car repair shops and smaller residential buildings. Signature, founded in 2007, is currently working to have it rezoned to allow for the development. … [more]

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  • Shimon Shkury, the former Massey Knakal Realty Services partner who left to start his own firm, Ariel Property Advisors, recently hosted a fundraiser for Legal Outreach on the penthouse lounge of the Atelier Condominium in Midtown (see photos above). It’s a non-profit organization benefiting youth eductation for which Shkury serves on the advisory board. The Moinian Group-developed building, at 635 West 42nd Street, has an indoor pool, a basketball court, a tennis court, a 12,000-square-foot health center, daily breakfast and is reportedly home to several celebrities. Though no celebrities were spotted at the Shkurys’ event, the party did draw some notable names from the real estate industry. — Adam Fusfeld

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