Coffee & Cap Rates
Good morning and welcome to the Coffee & Cap Rates Podcast, your go-to source for New York City's latest commercial real estate insights. This program is brought to you by Ariel Property Advisors.
Coffee & Cap Rates
2/21/2024: Episode 87 - Bronx 2023 Year-End Commercial Real Estate Trends featuring Jason M. Gold and Daniel Mahfar
In 2023, the Bronx investment sales market saw $1.82 billion trade across 216 transactions, down 22% and 29% respectively, compared to 2022, according to Ariel Property Advisors’ Bronx 2023 Year-End Commercial Real Estate Trends report. In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, and his guests Jason M. Gold, Senior Director, and Daniel Mahfar, Director, who specialize in investment property sales in the Bronx, review the latest Bronx report. They also discuss what to expect in this submarket in 2024 and two recent Bronx transactions arranged by Ariel—the $26 million sale of a 237-unit high-rise multifamily building at 1500 Noble Avenue and the $14.7 million sale of a portfolio of six multifamily buildings with 203 units in Morris Heights.