http://arielpa.com/feeds/ 2013-05-22T15:10:11.000-04:00 building results Admin info@arielpa.com Ariel News Feed tag:arielpa.com,1999:post-1305221110PS 2013-05-22T11:10:00.000-04:00 2013-05-22T11:10:00.000-04:00 This offering consists of a 4-story, 20 unit walk-up building in Astoria, only 2 blocks from the M/R trains at 34th Avenue. The building is surrounded by several neighborhood landmarks including the Museum of the Moving Image and the United Artists Astoria Stadium. Admin info@arielpa.com tag:arielpa.com,1999:post-1305191735VB 2013-05-19T17:35:00.000-04:00 2013-05-19T17:35:00.000-04:00 NYC Multifamily Transactions Up Month-Over-Month in March: New York City multifamily transactions increased 21 percent and the dollar volume of those deals rose 18 percent in March compared to February, according to Ariel Property Advisors’ Multifamily Month in Review: New York City for March. Admin info@arielpa.com tag:arielpa.com,1999:post-1305170735VB 2013-05-17T07:35:00.000-04:00 2013-05-17T07:35:00.000-04:00 “Transaction volume in March dipped year-over-year as expected,” said Shimon Shkury, president of Ariel Property Advisors. “In terms of transaction and dollar volume, however, March was the strongest month so far this year, which could be an indication that sales will gradually increase over the next several months.” Admin info@arielpa.com tag:arielpa.com,1999:post-1305141137MF 2013-05-14T11:37:00.000-04:00 2013-05-14T11:37:00.000-04:00 Quarterly Market Report: Executive interview with Shimon Shkury, president of Ariel Property Advisors - The NYREJ recently sat down with a leader in N.Y.C. investment property sales for a question and answer session on the fundamentals and latest trends in the multifamily market today. Admin info@arielpa.com tag:arielpa.com,1999:post-1305121735VB 2013-05-12T17:35:00.000-04:00 2013-05-12T17:35:00.000-04:00 This week we’re highlighting the state’s support for 33 affordable housing projects in New York City and throughout the state, rental reports for Manhattan and Brooklyn, and a new manufacturing facility in Brooklyn. Admin info@arielpa.com tag:arielpa.com,1999:post-1305101110PS 2013-05-10T11:10:00.000-04:00 2013-05-10T11:10:00.000-04:00 Ariel Property Advisors presents 40-69 94th Street, a 60’ wide, four (4) story walk-up building located on the southeast corner of 94th Street and 41st Avenue. Consisting of 19,000 square feet, the property consists of seventeen (17) one-bedroom units, twelve (12) two-bedroom units and a 3,000 square foot commercial space on the ground floor. Admin info@arielpa.com tag:arielpa.com,1999:post-1305101107PS 2013-05-10T11:07:00.000-04:00 2013-05-10T11:07:00.000-04:00 The subject property is a 25’ wide, four (4) story walk-up building located on the north side of East 105th Street between First Avenue and Second Avenue. The building contains one (1) community facility space and six (6) residential units. All of the residential units have a railroad layout. Of the residential units, there are four (4) rent stabilized apartments and two (2) owner occupied units which will be delivered vacant. Admin info@arielpa.com tag:arielpa.com,1999:post-1305091335VB 2013-05-09T13:35:00.000-04:00 2013-05-09T13:35:00.000-04:00 “As the major avenues in SoHo steadily increase in popularity, prime retail spaces will continue to become limited and rents will continue to rise – resulting in prime side-streets, such as Grand Street, presenting a viable alternative for many retailers,” said Mr. Modell, vice president of Ariel Property Advisors. Admin info@arielpa.com tag:arielpa.com,1999:post-1305061145ME 2013-05-06T11:45:00.000-04:00 2013-05-06T11:45:00.000-04:00 Ariel Property Advisors Arranges $7.3 M. Sale of Washington Heights Development Site - “The corridor along Broadway in Washington Heights has witnessed a very strong and active multifamily market in recent years, but few large development sites have traded,” said Victor Sozio, who along with Shimon Shkury, Michael Tortorici and Jesse Deutch exclusively represented the seller and procured the buyer. Admin info@arielpa.com tag:arielpa.com,1999:post-1305051735VB 2013-05-05T17:35:00.000-04:00 2013-05-05T17:35:00.000-04:00 This week we’re highlighting the positive April jobs report, increases in home prices in the country’s major metro areas, proposed increases for NYC rent stabilized apartments, and year-over-year increases in free market rents in Manhattan and Brooklyn. Admin info@arielpa.com tag:arielpa.com,1999:post-1305031632AR 2013-05-03T16:32:00.000-04:00 2013-05-03T16:32:00.000-04:00 Rich foreign buyers may see NYC luxury market as bargain | Proposed bill may open up co-op market | Private Construction Employment Inches Up | Rent-stabilized tenants will see greater spike than last year | From the Ansonia to the Trump SoHo: A History of Rule-Bending Residential Hotels Admin info@arielpa.com tag:arielpa.com,1999:post-1305021335VB 2013-05-02T13:35:00.000-04:00 2013-05-02T13:35:00.000-04:00 “Given the excellent condition of the building, easily accessible location, and unique industrial features, 498 Nepperhan Avenue stands out as an excellent opportunity for an owner-user or storage company,” said Michael A. Tortorici, vice president of Ariel Property Advisors. “An added benefit is a buyer may also be eligible for state assistance through the New York State Nepperhan Valley Empire Zone.” Admin info@arielpa.com tag:arielpa.com,1999:post-1305020945ME 2013-05-02T09:45:00.000-04:00 2013-05-02T09:45:00.000-04:00 Ariel Property Advisors Sells UWS Residential Property for $5.2 M. - “Through the auction proceedings, we were able to achieve a number well above the asking price, one that exceeded our initial expectations,” said Victor Sozio, vice president of Ariel Property Advisors, who arranged the sale with Shimon Shkury, Michael Tortorici and Jesse Deutch, along with Brown Harris Stevens’ Wolf Jakubowski. Admin info@arielpa.com tag:arielpa.com,1999:post-1305011412VB 2013-05-01T14:12:00.000-04:00 2013-05-01T14:12:00.000-04:00 Retailers Discovering The Bronx / by Scot Hirschfield, Ariel Property Advisors: The population of the Bronx is almost 1.4 million, yet the borough has 60% less retail sales per capita than the rest of the country and is the most under-retailed borough in New York City, according to 2010 census figures. Now we are seeing more positive news throughout the borough, which leads us to believe that the future of retail in the Bronx is bright and that the borough’s residents will begin to enjoy additional and more diverse retail services in the coming years. Admin info@arielpa.com tag:arielpa.com,1999:post-1304301137MF 2013-04-30T11:37:00.000-04:00 2013-04-30T11:37:00.000-04:00 LIC/Astoria development site hits market with $11M price tag: “This property offers developers the opportunity to gain a foothold in a rapidly up-and-coming area of Queens,” said Ariel President Shimon Shkury, who is marketing the lots alongside colleagues Howard Raber, Victor Sozio, Michael Tortorici and Randy Modell. “Zoning for the site allows for a development with both residential and commercial components.” Admin info@arielpa.com tag:arielpa.com,1999:post-1304290437MF 2013-04-29T04:37:00.000-04:00 2013-04-29T04:37:00.000-04:00 Affordable housing initiatives paved the way for neighborhood revitalization: A topic always in the forefront of New York real estate is “affordable housing.” Even the term itself is the subject of ongoing debates with some finding the phrase ambiguous and incapable of encompassing the various income-brackets and distinctions often determined during the planning and financing phases of a high-level project. Admin info@arielpa.com tag:arielpa.com,1999:post-1304281735VB 2013-04-28T17:35:00.000-04:00 2013-04-28T17:35:00.000-04:00 First Quarter Multifamily Transaction Volume Holds Steady Year-Over-Year: In the first quarter of 2013, New York City multifamily transaction and building volume held relatively steady compared to the first quarter of 2012, while dollar volume declined because of fewer large institutional sales, according to Ariel Property Advisors’ Multifamily Quarter in Review: New York City Q1 2013. Admin info@arielpa.com tag:arielpa.com,1999:post-1304261632AR 2013-04-26T16:32:00.000-04:00 2013-04-26T16:32:00.000-04:00 Economy Watch: Apartment Market Still Robust; Leading Indicators Drop; Unemployment Rises | Multifamily Investors See Continuing Surge | Bullish developers set fire to NYC land prices | City Looks to Impose Green Standards on New Towers Admin info@arielpa.com tag:arielpa.com,1999:post-1304251635VB 2013-04-25T16:35:00.000-04:00 2013-04-25T16:35:00.000-04:00 This property is a six (6) story, twenty-five (25’) foot wide, twenty-three (23) unit walk-up building located on the north side of West 147th Street between Frederick Douglass and Adam Clayton Powell Jr. Boulevard. The twenty-three (23) residential units are comprised of ten (10) studio units, seven (7) one-bedroom units, and six (6) two-bedroom units. Status of the tenancy include three (3) free market units, one (1) vacancy, and nineteen (19) rent stabilized units - sixteen of which are preferential rents. Admin info@arielpa.com tag:arielpa.com,1999:post-1304231935VB 2013-04-23T19:35:00.000-04:00 2013-04-23T19:35:00.000-04:00 The Ariel Property Advisors team, led by Shimon Shkury, came out on this mild April 19th evening to participate in Harlem RBI’s Unifom Night and show their support for the Ravens, a middle school softball team the company is sponsoring this season. Admin info@arielpa.com