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  • Market Watch  |  Mar 29th
    Report Examines the Economics of Mandatory Inclusionary Zoning in NYC
    This week we’re highlighting an analysis of the city’s Mandatory Inclusionary Zoning program, a report on 2014 residential permits, the proposed water and sewer rate hike, more clues on the timing of interest rate increases, and updates on developments throughout the city.
  • Transaction CLOSED  |  Mar 27th
    3860 East Tremont Avenue
    A single tenant tax payer property located on the northwest corner of East Tremont Avenue and Cross Bronx Service Road North. For retail investors, the asset has tremendous upside as the 30 year existing NNN tenant pays approximately $16/SF.
  • Property FOR SALE  |  Mar 26th
    701 Elton Avenue
    This property is a 50’ wide, 5-story vacant building which contains approximately 24,550 square feet. 701 Elton Avenue will be delivered as a vacant shell offering investors a unique residential conversion opportunity. Located just steps from the 2 and 5 subway trains and adjacent to The Hub, the property is conveniently accessible to all downtown Manhattan and all other outer borough destinations.
  • In Contract  |  Mar 25th
    860 Melrose Avenue
    Ariel Property Advisors is pleased to present this 2-story commercial building in the Melrose section of The Bronx. The tenants, who all have long-term leases, have occupied their units for several years. Consisting of 4,200 square feet, the building generates roughly $124,000 in gross revenue and yields $94,000 of Net Income.
  • Property FOR SALE  |  Mar 23rd
    213-215 West 3rd Street
    This three (3) story mixed-use building in Mount Vernon is a 10,500 square foot corner property located on the northeast corner of West 3rd Street and South 13th Avenue. The building contains eleven (11) units, of which there are nine (9) residential and two (2) commercial units.
  • Market Watch  |  Mar 22nd
    Study Finds Future of Affordable Housing Threatened if 421-a Program Isn’t Renewed
    This week we’re highlighting studies about the 421-a program, EB-5 program, and luxury housing; the city’s new tourism goals; proposals by state and local officials; and highlights of developments throughout the city.
  • Property FOR SALE  |  Mar 18th
    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.
  • Property FOR SALE  |  Mar 17th
    349 East 82nd Street
    The asset is a 11,526 square foot, fully occupied five-story walk-up, mixed-use building containing two (2) retail units and 14 residential units. The residential unit mix consists of one (1) rent controlled, one (1) rent stabilized, one (1) employee and 11 free market. All of the free market units and common areas have been recently renovated with high quality finishes, while the top floor boasts two duplex units with dedicated outdoor space.
  • Market Watch  |  Mar 15th
    New York City Multifamily Volume In January Rises Year-Over-Year
    New York City multifamily transactions increased 14 percent and the dollar volume of those trades rose 8 percent in January 2015 compared to January last year, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for January.
  • Price REDUCTION  |  Mar 12th
    1255 Jefferson Avenue
    The subject property is a 38.25’ x 100’ development site located on Jefferson Avenue between Wilson and Central Avenues in Bushwick. Zoned R6, its 2.2 FAR allows approximately 8,415 buildable square feet, as-of-right, for residential usage. The site currently has a 2-family, 3-story building on it, which will be delivered vacant.
  • Property FOR SALE  |  Mar 12th
    251 West 14th Street
    Located on the north side of 14th Street between 7th and 8th Avenues, this property is currently a vacant 4-story multifamily building spanning approximately 8,250 sq. ft, with 6,773 sq. ft. of air rights. The owner has secured an additional 8,977 sq. ft. of development rights with the option to cantilever over the adjacent property at 253-257 West 14th Street bringing the total as-of-right buildable area to 24,000 sq. ft.
  • Transaction CLOSED  |  Mar 11th
    130-134 East 177th Street
    This property is located in the Mount Hope section of The Bronx. The subject property consists of adjacent lots that are currently residential homes that will be delivered vacant. The 75x125 lot area gives developers a maximum BSF of 56,438 thanks to the R8 zoning.
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122 East 42nd Street
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New York, NY 10168
Phone: 212.544.9500
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