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  • Property FOR SALE  |  Apr 21st
    2282 2nd Avenue
    Ariel Property Advisors presents a prime corner development opportunity located at 2nd Avenue and East 117th Street in East Harlem. The site currently contains a 2,000 square foot, single-story retail building that nearly occupies the entire 22’ x 81’ lot. This building will be delivered vacant. R8A/C1-5 zoning (6.02 FAR) provides approximately 12,191 total buildable square feet (as-of-right) for mixed-use development, allowing developers to capitalize on the area’s rapidly appreciating residential and retail markets.
  • Property FOR SALE  |  Apr 21st
    The Sierra Portfolio
    Ariel Property Advisors presents The Sierra Portfolio, a package of four (4) walk-up buildings located in prime Central Harlem. The portfolio contains forty seven (47) residential units and four (4) retail units, encompassing a total of 48,750 gross square feet. Of the portfolio’s fortyseven (47) residential units, there are two (2) studios, eleven (11) one-bedroom, and thirty four (34) two-bedroom units.
  • Property FOR SALE  |  Apr 21st
    1229 Putnam Avenue
    This property is a 60’ wide development site in the Bushwick neighborhood of Brooklyn. The site, which measures 60’ x 100’, is located on Putnam Avenue between Evergreen and Central Avenues. Zoned R6, its 2.2 FAR allows approximately 13,200 buildable square feet, as-of-right, for residential use. The lot contains an existing 60’ x 100’ one (1)-story building, which will be delivered vacant.
  • Price REDUCTION  |  Apr 21st
    2252 Webster Avenue
    Ariel Property Advisors presents this 7,000 square foot commercial building with 19,000 buildable square feet. Located on a major commercial thoroughfare the property is fully occupied with three (3) commercial tenants operating at $20 per square foot, leaving upside for potential investors.
  • Property FOR SALE  |  Apr 20th
    388 East 34th Street
    This property consists of four 2-bedroom unit and two 3-bedroom units. All of the units are rent stabilized and fully occupied. Average rent in the building is less than $16 PSF. Most of the apartments have been recently renovated and are in good condition.
  • Market Watch  |  Apr 19th
    New York City Multifamily Trading Light In February
    New York City multifamily trading was light in February compared to the previous month and the previous year, but preliminary figures for March are strong and the first quarter volume should be in line with last year’s activity, according to Ariel Property Advisors’ Multifamily Month in Review for February.
  • Property FOR SALE  |  Apr 17th
    267 West 139th Street
    The building is a 42’ x 88’ mixed-use building comprised of three (3) ground floor commercial units and six (6) residential units. All residential units are three-bedrooms and two-bathrooms in layout. The residential units are split evenly with three (3) units operating at free market, and three (3) operating with rent controlled status.
  • In Contract  |  Apr 16th
    755 Jackson Avenue
    Ariel Property Advisors is pleased to present 755 Jackson Avenue, a five (5) story multi-family building located on the west side of Jackson Avenue between East 156th and East 158th Streets in the Melrose section of The Bronx. 755 Jackson Avenue consists of 11 residential units all of which are spacious two-bedrooms.
  • In the News  |  Apr 15th
    What’s driving NYC’s top emerging markets?
    Ariel Property Advisors EVP Vic Sozio says the land prices he’s seeing in that part of town are a product of the last few years. At the peak of the last cycle in 2007, Vic says land was trading for around $130s/BSF for residential sites. Vic’s currently getting offers for over $200/BSF for a site on East 122nd Street.
  • Price REDUCTION  |  Apr 14th
    543 Marcy Avenue
    This investment property is a 25’ x 75’ vacant lot and is zoned R6A/C2-4. This zoning allows for both residential and commercial development. The buildable SF as of right is 5,625, but the owner will deliver the site with approved plans for 6,359 SF, not including the basement.
  • Price REDUCTION  |  Apr 14th
    706 Grand Street
    This property is a 4-story, mixed-use building located on one of East Williamsburg’s busiest retail corridors. It’s retail component offers roughly 1,400 square feet. The residential unit mix is comprised of one 1-bedroom and five railroad 2-bedroom units. All of the residential units are on month-tomonth leases and the retail space will be delivered vacant.
  • Transaction CLOSED  |  Apr 13th
    2381 Belmont Avenue
    A newly constructed, mixed-use building located on the west side of Belmont Avenue between East 186th and East 187th Street in the Belmont section of The Bronx, the ground floor and second floor are commercial units, which are currently being rented to the same non-profit tenant, while the residential unit mix consists of seven (7) two-bedroom apartments.
 
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122 East 42nd Street
Suite 1015
New York, NY 10168
Phone: 212.544.9500
Fax: 212.544.9501
Email: info@arielpa.com
 
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