Coffee & Cap Rates – A Bi-Annual Discussion About the NYC Investment Sales Market Presented by Ariel Property Advisors

This year’s bi-annual discussion was held on July 26th. Shimon Shkury, President of Ariel Property Advisors presented an overview of the New York City investment sales market. Following which Michael Stoler, President of New York Real Estate TV, LLC moderated the discussion participated by a panel consisting of Paulo Garcia, Sr. VP, Mercantile Bank, Sorabh Maheshwari, Founder Partner, Churchill Real Estate Holdings, Eli Weiss, Principal, Joy Construction Corp. and Susi Yu, Managing Director, L&L MAG.

The panel, going beyond the facts, analysis and highlights of the NYC 2018 Mid-Year Sales Report provided their own personal impressions and opinions on the NYC real estate investment market.

It was good to hear that Downtown Manhattan, more specifically SoHo and Tribeca are unbelievable locations; Brooklyn and particularly DUMBO, Downtown Brooklyn, Brooklyn Heights, Gowanus and South Williamsburg are very attractive for development; the Bronx offers great development opportunities, particularly Mott Haven, Jerome Avenue corridor and Fordham Road, thanks to heavy investments in infrastructure by the City over the years; healthcare is a great sector for investments; and many investors are very bullish on hospitality sector which got a boost after a recent court decision on Airbnb.

Talking about retail sector, there seemed to be a consensus that whole sector requires a correction but its demise is overblown; retail is an amenity to a building; what’s required is rental rates, terms and TI readjustments and reinventing of the sector with more “experiential retail.”

For a list of complete reports visit New York City 2018 Mid-year Sales Report by Ariel Property Advisors.

"...comment is free, but

​facts are sacred."

​- C.P. Scott