Ariel Property Advisors’ hosts February Coffee & Cap Rates; event exclusively sponsored by Citrin Cooperman

Manhattan, NY Nearly 250 area real estate professionals joined Ariel Property Advisors at its bi-annual Coffee & Cap Rates event in Midtown on February 8. The networking breakfast was exclusively sponsored by Citrin Cooperman, an accounting, tax, and consulting firm, and featured a panel of some of NYC’s most influential real estate executives to discuss the event’s theme: The 2018 Investment Outlook.  

Shimon Shkury, founder and president of Ariel, kicked off the event on Park Ave. at Club 101 with a presentation on NYC investment property sales in 2017, referencing the firm’s recently released year-end reports. He also talked about the current state of the market and provided his outlook for 2018.  

Michael Stoler, managing director at Madison Realty Capital, moderated a panel discussion about NYC real estate, with a focus on multifamily and development assets. Stoler, who also hosts “The Stoler Report - New York’s Business Report,” asked questions that focused on investment opportunities, Affordable New York, the impact of tax reform, and the overall state of the market. 

Panelists Seth Weissman, founder and managing member of Urban Standard Capital (USC), and Joseph Pistilli, CEO of Pistilli Realty Group, shed light on the neighborhoods and properties they currently favor and those they are avoiding. 

Fellow panelists Adam Mermelstein, managing member at Treetop Development, provided thoughts on his firm’s decision-making process for recent projects they have undergone, and Joe Bublé, partner at Citrin Cooperman, gave insight about how new tax laws may impact real estate. 

The four panelists also conversed about the current financing and business environment, obstacles the market faces, and areas they view as having the most upside potential, particularly in Brooklyn and Queens. 

All ticket proceeds from the event were directly donated to the non-profit Legal Outreach. 

At the event, James O’Neal, executive director of Legal Outreach, shared the goals and objectives of his organization, which helps young people from underserved New York City communities gain admission to the country’s most competitive colleges and universities.

Ariel Property Advisors presents Coffee & Cap Rates semi-annually to share the latest trends in the investment sales market with clients and contacts. The next Coffee & Cap Rates event will take place in July.

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.