Manhattan saw $11.1 billion in investment property sales in 2023, a 45% drop from 2022, and 280 transactions, a 33% year-over-year decline, according to Ariel Property Advisors’ Manhattan 2023 Year-End Commercial Real Estate Trends report. In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Founding Partner Mike Tortorici and Director Howard, discuss the report’s findings and dig deeper into Manhattan’s multifamily, development and office markets. Average multifamily cap rates, for example, rose to 5.24% in 2023, while the average price per buildab ..read more

Brooklyn finished 2023 with investment sales totaling $5.15 billion, a 46% decline from the record-breaking 2022, which saw dollar volume top $9.5 billion, according to Ariel Property Advisors’ Brooklyn 2023 Year-End Commercial Real Estate Trends report. Transactions also fell 30% to 839 compared to 1,206 the year before.  In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Sean R. Kelly, Esq., Partner, and Stephen Vorvolakos, Director in Investment Sales, who specialize in investment property sales in Brooklyn, discuss the findings in the yea ..read more

In 2023, the Bronx investment sales market saw $1.82 billion trade across 216 transactions, down 22% and 29% respectively, compared to 2022, according to Ariel Property Advisors’ Bronx 2023 Year-End Commercial Real Estate Trends report. In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Jason M. Gold, Senior Director, and Daniel Mahfar, Director, who specialize in investment property sales in the Bronx, review the latest Bronx report. They also discuss what to expect in this submarket in 2024 and two recent Bronx transactions arranged by Ariel—the ..read more

At Ariel Property Advisors’ latest Coffee & Cap Rates event on February 7, Shimon Shkury, President and Founder of Ariel Property Advisors, moderated a panel of industry experts who shared their perspectives on the commercial real estate industry with an emphasis on the multifamily market: Margaret B. Grossman, Managing Partner & President - T30 Capital; Richard Roberts, Principal & Chief Business Development Officer - Red Stone Equity Partners; Jesse Terry, Chief Investment Officer - HUBB NYC. To watch the full event and download Ariel's research reports, please see https://a ..read more

At Ariel Property Advisors' latest Coffee & Cap Rates event, Shimon Shkury, President and Founder of Ariel Property Advisors, presented an overview of New York City's investment sales market in 2023 as well as key findings from the firm's recent end-of-year reports. To see his presentation and download Ariel's research reports, please see https://arielpa.nyc/investor-relations/event/240207-coffee-and-cap-rates ..read more

Ariel Property Advisors’ Victor Sozio, Founding Partner, and Matt Dzbanek, Senior Director, Capital Markets, join Shimon Shkury, President and Founder, for this discussion on how high interest rates, regulations and bank failures contributed to the lackluster performance in the New York City multifamily market in 2023. According to Ariel Property Advisors’ Multifamily Year in Review New York City, the multifamily sector in New York City experienced a notable downturn, with total dollar volume of $7.4 billion spread across 1,036 transactions, a year-over-year drop of 52% and 35%, respectively ..read more

Multifamily sales in New York City totaled $1.55 billion in Q3 2023, a 56% decline in dollar volume from Q2 2023, according to Ariel Property Advisors’ Q3 2023 Multifamily Quarter in Review. Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Ariel Founding Partner Victor Sozio, and Matt Swerdlow, Senior Director, Capital Markets, unpack the numbers and explain what to expect following the Supreme Court’s refusal to hear the petition brought by CHIP and RSA against NYC’s rent stabilization laws and how the FDIC’s sale of the Signature portfolio will affect the marke ..read more

On this episode, Shimon Shkury, President and Founder of Ariel Property Advisors, interviews Jay Martin, the Executive Director of the Community Housing Improvement Program (CHIP), a trade association representing 4,000 owners of rent-stabilized rental properties. Jay discusses the Supreme Court’s refusal to hear CHIP’s petition challenging the constitutionality of New York’s rent stabilization laws; his advocacy for legislation that would reset rents on units vacated by long-time tenants; and how the city could provide vouchers to tenants struggling to pay rent ..read more

In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, interviews Chris Balestra, President and Chief Investment Officer of Taconic Partners, about how and why the firm began offering office space to life sciences companies and its existing and planned office and multifamily projects ..read more

Multifamily real estate sales in New York City experienced a significant 242% increase in total dollar volume during the second quarter compared to the first quarter with 295 transactions totaling $3.91 billion, according to Ariel Property Advisors’ Q2 2023 Multifamily Quarter in Review report. Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Ariel Founding Partner Victor Sozio, and Matt Dzbanek, Senior Director, Capital Markets, explore the story behind the data in this podcast on the New York City multifamily market.   ..read more