News: Brokerage

Ariel Property Advisors completes two sales totaling $2.925 million

Ariel Property Advisors arranged the following sales of two investment properties in Brooklyn and Upper Manhattan totaling $2.925 million: * Jonathan Berman, Mark Spinelli, and Daniel Tropp sold a 77.45 ft. wide development site at 991 Ocean Ave. in the Prospect Park South section of Brooklyn for $1.25 million. The property features 23,254 buildable s/f as of right and currently contains a two-family house. The team represented the seller, a private owner, and procured the buyer, an investor/developer. * Michael Tortorici, Victor Sozio, Daniel Tropp, and Marko Agbaba sold a 7,467 s/f, four-story walk-up at 347 East 105th St. between First and Second Aves. in East Harlem for $1.675 million. The property features one community facility and six residential units. The team represented the seller, a private owner, and procured the buyer, a private investor.
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Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,