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  • Market Watch  |  Aug 2nd
    New York City Experiences Construction Boom in 1H15
    This week we’re highlighting the number of residential permits issued in 1H15, the second quarter’s increase in GDP, and the new plans for LaGuardia Airport.
  • Property FOR SALE  |  Jul 29th
    543 Marcy Avenue
    The subject 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.
  • Property FOR SALE  |  Jul 29th
    173 Morningside Avenue
    Ariel Property Advisors presents 173 Morningside Avenue, a 25’ wide development site located on the east side of Morningside Avenue between West 126th Street and West 127th Street in Central Harlem. Zoned R7A (4.0 FAR), the property permits 7,500 buildable square feet with DOB approved building plans in place.
  • Market Watch  |  Jul 26th
    Mutifamily Sales Continue Brisk Pace In 2Q
    New York City multifamily sales grew in the 2Q of 2015, building on the momentum of the strong figures seen during the 1Q15 and showing significant year-over-year gains, according to Ariel Property Advisor’s Multifamily Quarter in Review New York City: Q2 2015.
  • Property FOR SALE  |  Jul 23rd
    887-889 Hunts Point Avenue
    Ariel Property Advisors is pleased to present this pair of contiguous multifamily properties in the heart of the commercial corridor of Hunts Point. Consisting of roughly 44,000 square feet, the buildings consist of 45 residential and 5 retail units, as well as a Super’s unit in the shared basement.
  • Market Watch  |  Jul 19th
    NYC Finances Over 20,000 Affordable Units In Last Fiscal Year
    This week we’re highlighting the number of affordable housing units financed last fiscal year, free broadband internet for many New Yorkers and a possible comeback for the W train.
  • In Contract  |  Jul 16th
    2070 & 2074 Arthur Avenue
    This asset consists of two (2) adjacent five (5) story multifamily buildings located in the Tremont section of The Bronx. With a combined frontage of 100’, the buildings span approximately 42,256 square feet. Of the 54 units, there are ten (10) 1 bedroom apartments, thirty six (36) 2-bedroom apartments and (8) 3-bedroom apartments.
  • Property FOR SALE  |  Jul 15th
    698 2nd Avenue
    A unique Murray Hill investment or development opportunity located on the east side of Second Avenue between East 37th and East 38th Streets, this property is currently a 4-story commercial building spanning approximately 4,356 sq. ft. C1-9 zoning provides approximately 16,800 total buildable square feet (as-of-right) for future mixed-use development.
  • In Contract  |  Jul 13th
    53 West 127th Street
    This 18’ x 56’ four-story townhouse spans 3,836 gross square feet and is comprised of six (6) residential units. The R7-2 zoning permits approximately 6,103 of total buildable square feet or 3,225 square feet of additional air rights above the existing structure.
  • Market Watch  |  Jul 12th
    NYC Real Estate Market To Resist Greece Crisis
    This week we’re highlighting Greece’s impact on NYC real estate, Wall Street firms relocating jobs to other cities and New York City’s step streets getting a makeover.
  • Property FOR SALE  |  Jul 9th
    211 East 120th Street
    A one-story warehouse with a curb cut located on the north side of East 120th Street between 2nd and 3rd Avenues currently being used as a warehouse, this 1,425 square foot property represents a unique opportunity for owner-users seeking professional space.
  • Transaction CLOSED  |  Jul 8th
    5255 Kings Highway & 2-24 Preston Court
    The package, which consists of 4 buildings and a vacant lot, has a total of 34,396 SF (est.) and ceiling heights ranging from 13’ to 23’. The properties facing Preston Court include eight (8) roll-down gates and one (1) loading dock.
 
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