NEW YORK, NY – March 22, 2019 – Ariel Property Advisors is excited to announce that the company has been nominated for the Real Estate Board of New York's prestigious "Most Ingenious Deal Of The Year Award" for its pivotal role in the capitalization of the famed Taystee Building. Ariel is one of only 6 nominees for the award.
THE TAYSTEE BUILDING I 450 West 126th Street, New York, NY
Ariel Property Advisors advised the sponsor on securing the common equity component for the development of a 350,000 rentable square foot Class A life science development in West Harlem’s emerging Manhattanville Factory District. The total capitalization of the development is estimated to be between $325 million to $350 million. To read more click here NY Post article.
REBNY will announce award winners at its Annual Sales Brokers Cocktail Party at Club 101 on April 9.
For a comprehensive analysis of your property or to consider all financing options that are available, please contact one of our professionals at 212.544.9500.
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.
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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.