12 Story, Project-Based Section 8 Building In A Prime Clinton Location
Historic Six (6) Story Elevator Office / Specialty Use Building With Air Rights
The New York City multifamily market in November saw transaction volume increase year-over-year for the first time in 2017. Similar to last month when dollar volume outpaced last year’s total for the first time, November’s gains are a continued result of hesitation that took hold of the multifamily market around last year’s presidential election. When compared to the previous month, the number of transactions and buildings sold both increased, while dollar volume fell by double digits. Outer-borough portfolio sales pushed transaction and building sales higher in November, while Manhattan registered its lowest dollar volume in more than six years.
9,675 BSF Washington Heights Development Site:
465 West 163rd Street
This 25’ wide vacant lot permits approximately 18,253 BSF (w/CF bonus) or 9,675 BSF (as-of-right) for a new development along a prime residential block, one block from the C and four blocks from the 1 subway lines, with convenient access to all downtown and outer borough locations, in particular along Broadway.
Thursday, February 8th:
Coffee & Cap Rates - Register Now
Join Ariel Property Advisors & Citrin Cooperman at Club 101, 101 Park Avenue, for a networking breakfast and panel discussion about the 2018 Investment Outlook. Following a brief presentation of our latest research and insights by event host Shimon Shkury, President of Ariel Property Advisors, Michael Stoler, Managing Director of Madison Realty Capital and host of The Stoler Report, will moderate a panel discussion titled 'The 2018 Investment Outlook'.
New Construction Morrisania Multifamily Building:
1417 Longfellow Avenue
Spanning approximately 28,255 gross square feet, this 7-story elevator building consisting of 38 residential units was developed in 2017 and benefits from a 25-year 421- a tax abatement that is set to expire in 2042.