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  • Property FOR SALE  |  Dec 18th
    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.
  • Transaction CLOSED  |  Dec 16th
    508 West 149th Street
    A 17’ wide newly renovated townhouse located on the south side of West 149th street between Broadway and Amsterdam Avenue, the building was recently gut renovated to convert from an SRO to a 4 family dwelling, and contains new c-joist beams, metal framing, electrical, central HVAC, plumbing and building-wide sprinkler system.
  • Market Watch  |  Dec 14th
    NYC Multifamily Dollar Volume In October Surpasses $1 Billion For Second Consecutive Month
    New York City multifamily dollar volume in October surpassed $1 billion for the second consecutive month and only the fourth time this year, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for October.
  • In Contract  |  Dec 11th
    491 Myrtle Avenue
    Ariel Property Advisors has been retained to sell this 20.5’ x 84’ vacant lot located in the Clinton Hill section of Brooklyn. Situated between Ryerson and Hall Streets and across from the new Silverstone Property Group project, this lot offers a developer an opportunity to build a luxury multifamily building in a very high demand area.
  • In Contract  |  Dec 11th
    902-906 Jennings Street
    The subject property is a 114’ x 134’ lot in the Morrisania section of The Bronx. It provides developers approximately 42,000 BSF (As-of-right) and approximately 58,000 BSF with a Community Facility as part of the mixed-use zoning.
  • In Contract  |  Dec 9th
    175-42 Hillside Avenue
    A prime NNN opportunity with future development potential, this property currently consists of a 100’ x 100’ plot that is encumbered by a 2,054 square foot (approximately) KFC Restaurant on Hillside Avenue between Edgerton Boulevard and 175th Street.
  • Market Watch  |  Dec 7th
    U.S. Gains 321,000 New Jobs in November
    This week we’re highlighting positive macroeconomic news, a ruling by the Court of Appeals on rent overcharges, and several new city housing and economic development initiatives.
  • Price REDUCTION  |  Dec 4th
    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.
  • In the News  |  Dec 4th
    Shimon Shkury Discusses the MultiFamily Property Market in NYC (Hebrew)
    Shimon Shkury of Ariel Property Advisors featured on Israel’s Weekly Channel 10 Program “The Real Estate Secret.” He discusses the state of the MultiFamily property market in New York City, and how it compares to the Israeli market.
  • Transaction CLOSED  |  Dec 3rd
    277 West 150th Street
    A five (5) story walk-up residential property located on the north side of West 150th Street between Adam Clayton Powell Boulevard and Frederick Douglas Boulevard in Washington Heights, this property contains 21 apartments, of which 20 are rent stabilized and one will be delivered as a fully renovated free market unit.
  • In the News  |  Dec 2nd
    Shimon Shkury Discusses Harlem’s Growth and Opportunities (Hebrew)
    Shimon Shkury of Ariel Property Advisors featured on Israel’s Weekly Channel 10 Program “The Real Estate Secret.” He discusses Harlem’s recent growth and the opportunities for investment within the neighborhood.
  • In Contract  |  Dec 1st
    44 West 128th Street
    The subject property is a 17.5’ wide development site located on the south side of West 128th Street between Lenox Avenue and 5th Avenue. R7-2 Zoning (3.44 FAR) permits approximately 6,017 buildable square feet for a residential development.
 
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