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  • Transaction CLOSED  |  Nov 25th
    318 East 117th Street
    A unique 3-story warehouse with a curbcut that is ideal for an end-user or residential converter, this 25’ wide structure contains approximately 6,200 gross square feet and has approximately 1,369 square feet of air rights, as-of-right.
  • Market Watch  |  Nov 23rd
    Appeals Court Rules Rent Regulation a “Local Public Assistance Benefit”
    This week we’re highlighting the Court of Appeals ruling, the city’s falling unemployment rate, Fed concerns about inflation, and proposed city development proposals.
  • Property FOR SALE  |  Nov 20th
    52-56 Throop Avenue
    This property is a prime development opportunity which offers over 87’ of frontage ideally situated on a corner site in Williamsburg. Measuring 87.5’ x 100’ and zoned R7A, the site’s 3.45 FAR allows approximately 30,188 buildable square feet, as-of right. The site can also benefit from inclusionary housing, which would allow for an FAR of 4.6, or 40,250 buildable square feet. The buildings on the site will be delivered vacant.
  • Transaction CLOSED  |  Nov 19th
    47-53 3rd Avenue
    This property is an 84’ wide, five (5) story elevatored residential condominium located on the northeast corner of 3rd Avenue and East 10th Street. Constructed in 2007, the 30,662 square foot condominium unit contains twenty-eight (28) residential units, of which there are twenty two (22) two bedroom apartments and six (6) one bedroom.
  • In Contract  |  Nov 19th
    14-23 Broadway
    An exciting development opportunity located in Astoria, Queens, this 25’ x 136’ vacant lot is zoned R7A, R7X and C2-3, which permits 14,500 buildable square feet for a mixed-use or residential development.
  • In Contract  |  Nov 18th
    309 West 111th Street
    Ariel Property Advisors is pleased to present this five (5) story, sixteen (16) unit multifamily building located on West 111th Street between Manhattan Avenue and Fredrick Douglas Boulevard. The 33’ wide building has a unit mix consisting of twelve (12) two-bedroom apartments and four (4) three-bedroom apartments. Of these apartments, there are twelve (12) free market units, two (2) rent stabilized units and two (2) rent controlled units.
  • In Contract  |  Nov 17th
    523 West 135th Street
    Ariel Property Advisors presents this 40’ wide, five (5) story residential building located on the north side of West 135th Street between Amsterdam Avenue and Broadway. The building contains 21 residential units in total, with a unit mix of four (4) three-bedroom units and seventeen (17) two-bedroom units.
  • Market Research  |  Nov 17th
    Multifamily Month In Review: NYC September 2014
    Multifamily figures soared in the month of September, as dollar volume experienced strong year-over-year increases due to institutional transactions. For the month, New York City saw 71 transactions comprised of 138 buildings totaling $1.790 billion in gross consideration.
  • Market Watch  |  Nov 16th
    New York City Multifamily Dollar Volume Jumps 111 Percent in September 2014 Compared to September 2013
    Multifamily dollar volume jumped 111 percent in September 2014 compared to September 2013, and soared 191 percent compared to the previous month, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for September 2014.
  • Property FOR SALE  |  Nov 13th
    637 East 224th Street
    Ariel Property Advisors has been retained to sell the bank-owned property located at 637 East 224th Street, an 8-family building on a quiet residential block in the Wakefield section of the North Bronx. Consisting of approximately 7,600 sq. ft., the unit mix includes a studio, five (5) one-bedroom and a pair (2) of two-bedroom apartments and generates roughly $114,000 in gross income.
  • Transaction CLOSED  |  Nov 11th
    4250-4280 White Plains Road and 712 East 236th Street
    4250-4280 White Plains Road and 712 East 236th Street is an entire blockfront of prime retail and office space, as well as an adjacent 2-family house in the Wakefield section of The Bronx.
  • Property FOR SALE  |  Nov 10th
    868 Faile Street
    This property is a 4-story, twenty-one (21) unit walk-up apartment building located on the South-East corner of Seneca Ave. and Faile St. The building contains twenty-one (21) units which consist of fifteen (15) 2-bedroom and six (6) 3-bedroom apartments. The building has three rent controlled units which provide potential buyers with significant future upside.
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Ariel Property Advisors LLC
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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