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  • Property FOR SALE  |  Jul 24th
    161 East 96th Street
    Ariel Property Advisors presents this prime 25’ wide multifamily building with future development rights on the Upper East Side. Located between Lexington and Third Avenues just steps away from the #6 train. The building currently consists of 9,160 square feet and contains nineteen (19) large 3-room studio units.
  • Property FOR SALE  |  Jul 24th
    215 Buffalo Avenue
    This property is a six (6) unit multifamily building located on Buffalo Avenue between Sterling Place and Park Place in the Northern Crown Heights neighborhood of Brooklyn. Each of the apartments features a two (2) - bedroom layout. The building is brick construction and has been maintained, featuring a gas boiler and updated electric.
  • Market Research  |  Jul 23rd
    Brooklyn 2014 Mid-Year Sales Report
    Brooklyn’s investment property sales market had a tremendous first half of 2014. With strong fundamentals driving steady demand for multifamily properties and development sites, this uptick shows no signs of abating. In fact, Brooklyn was the most active sub-market in the city considering the number of transactions and number of properties that changed hands during 1H14.
  • Market Watch  |  Jul 20th
    Dollar Volume of NYC Multifamily Trades Up 33 Percent in May 2014 vs. May 2013
    New York City multifamily building sales rose 15 percent and the dollar volume of those trades jumped 33 percent in May 2014 compared to May 2013, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for May.
  • In Contract  |  Jul 17th
    4250-4280 White Plains Road and 712 East 236th Street
    An entire blockfront of prime retail and office space, as well as an adjacent 2-family house in the Wakefield section of The Bronx. There is approximately 19,000 net rentable retail feet, half of which is newly constructed. In addition to the retail space, the property contains more than 3,000 sf of office space, 15,000 sf of basement space and six parking spots.
  • In the News  |  Jul 16th
    The Wall Street Journal
    Deal of the Week: Uptown Maintains Upside - Property Values Soar in Harlem, Other Once-Bleak Neighborhoods ...Between 2011 and 2013, the value of multifamily properties sold in northern Manhattan rose nearly fourfold, from $440 million to $1.65 billion, according to broker Ariel Property Advisors, which represented Treetop in its recent sale.
  • Market Research  |  Jul 15th
    Multifamily Month In Review: NYC May 2014
    Multifamily pricing remained strong in May as the submarkets continued to see moderate sales volume increases year-over-year. April and May figures suggest a calmer 2Q14 compared to 1Q14, however. For the month, New York City saw 52 transactions comprised of 102 buildings totaling $645.876 million in gross consideration.
  • Property FOR SALE  |  Jul 15th
    150,165 & 220 Trantor Place
    Ariel Property Advisors is pleased to present a portfolio of sixteen (16) buildings and 177 units located in Staten Island. The buildings are located on Trantor Place between Walker Street and Dixon Avenue in the northern section of Staten Island.
  • Market Watch  |  Jul 13th
    Landlord Group Calls on City to Cap Expenses at 1 Percent
    This week we’re highlighting the Rent Stabilization Association proposal to rein in building costs, second quarter New York City residential sales, the June rental report for Manhattan, Brooklyn, and Queens, and updates on local developments.
  • Transaction CLOSED  |  Jul 11th
    531 West 159th Street
    This property is a 75’ wide development site located on the north side of West 159th Street between Broadway and Amsterdam Avenue. R7-2 Zoning (3.44 FAR) permits approximately 25,779 buildable square feet (as-of-right) for residential development, and, approximately 48,711 buildable square feet if Community Facility is included.
  • In Contract  |  Jul 10th
    422 St Nicholas Avenue
    This property is a 26’ wide, five (5) story, walk-up apartment building located on the east side of St. Nicholas Avenue between West 129th and 133rd Street. The building consists of ten (10) units, nine (9) of which are three-bedroom units and one (1) two-bedroom unit.
  • Property FOR SALE  |  Jul 10th
    141 Chrystie Street
    Ariel Property Advisors is pleased to present this 23.08’ wide, 4,130 square foot, two story retail building with 11,678 square feet of air rights (as-of-right), located on the west side of Chrystie Street between Delancey and Broome Streets. A 2,520 square foot, 105.5’ deep lot, the site has 16,380 buildable (6.5 FAR), as-of-right, and has an inclusionary housing bonus of up to 8.5 FAR.
 
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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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