Coffee & Cap Rates: Commercial Real Estate Podcast
The Coffee & Cap Rates Podcast delivers the latest insights on New York City’s commercial real estate market. Hosted by Ariel Property Advisors, it offers expert analysis, market trends, and timely conversations with industry leaders.
Coffee & Cap Rates: Commercial Real Estate Podcast
111. NYC CRE Multifamily Trends: Affordable & Rent-Stabilized Assets in Focus featuring Victor Sozio & Matthew Dzbanek
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Ariel Property Advisors
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Episode 111
In this episode, Shimon Shkury, President and Founder of Ariel Property Advisors, reviews the latest trends in New York City’s multifamily market with Victor Sozio, Ariel Founding Partner, and Matthew Dzbanek, Senior Director in Capital Services. They discuss financing options and highlight findings from Ariel’s Q2 2025 Multifamily Quarter in Review New York City.
Key takeaways include:
- Dollar volume rose to $2.3 billion in Q2 2025, up 11% from Q1 2025, while transactions fell 3% over the period to 293.
- Over 70% of the dollar volume and over 50% of the transactions were concentrated in affordable and rent stabilized assets.
- Related Companies sold a 36-building rent stabilized portfolio in the Bronx to PH Realty Capital LLC for $189 million, discounted from the $253 million Related paid for the same properties in 2014.
- Ariel arranged the sale of Ocean Park Apartments, a 602-unit affordable housing building in Far Rockaway to Tredway for $88 million.
- The bid/ask spread is tightening for rent stabilized assets because seller motivation has increased in recent quarters.
- Free market properties have started to increase in value but are still below peak.
- Financing for multifamily is getting more attractive.
