Coffee & Cap Rates: Commercial Real Estate Podcast

Ariel Property Advisors
  • 4.9 (9)
  • INVESTING
  • UPDATED BIWEEKLY

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.

  1. 4D AGO

    123. Bronx CRE 2025: Rising Development & Multifamily Opportunities featuring Jason M. Gold & Daniel Mahfar

    In the latest Coffee & Cap Rates podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, Jason Gold, Senior Director, and Daniel Mahfar, Director, discuss multifamily and development market trends in the Bronx as reported in Ariel’s Bronx 2025 Year-End Commercial Real Estate Trends report. Highlights from the podcast and report include: The Bronx real estate market reached $1.8 billion in 2025, a 46% year-over-year increase, with multifamily dollar volume rising 66% and development up 26%.The average price per unit for multifamily units hit a 7-year low of $105,000, influenced by high interest rates, increased expenses, including insurance and taxes, and anticipated rent freezes for stabilized buildings.Multifamily pricing is expected to remain at a decade-plus low, attracting local owners seeking a low basis relative to the rest of the country.Development activity is forecast to continue an upward trend due to investors’ increased familiarity with the 485x tax abatement and "City of Yes" regulations.

    10 min

  2. MAR 9

    122. Manhattan CRE 2025: Investment Sales, Development Momentum & Market Outlook featuring Michael A. Tortorici, Christoffer Brodhead & Howard Raber

    Shimon Shkury, President and Founder of Ariel Property Advisors; Michael A. Tortorici, Founding Partner; Christoffer Brodhead, Senior Director; and Howard Raber, Director, take a deep dive into Manhattan’s investment sales market on this episode of Coffee & Cap Rates. They discussed trends in Ariel Property Advisors’ Manhattan 2025 Year-End Commercial Real Estate Trends report and what to expect in 2026. Highlights from the podcast include: Manhattan’s transactional dollar volume reached $22.77 billion in 2025, signaling strong investor confidence and positive growth trends across development, multifamily and office sectors.Driven by limited inventory and a high-performing condo market, development site sales totaled nearly $4 billion with pricing jumping 11% to $468 per buildable square foot—the highest level recorded since 2021.Accounting for 50% of Manhattan’s total dollar volume ($11.3 billion), the office market was fueled by high-value Class A transactions and a growing trend of Class B and C assets being repositioned for residential or boutique office use.Investors showed a clear preference for free market multifamily properties, which represented 84% of total multifamily dollar volume, as investors looked to capitalize on free market assets currently trading 18% below their 2017 peaks.

    15 min

  3. FEB 24

    121. Brooklyn CRE 2025: Sales Trends, Development Growth & Market Insights featuring Sean R. Kelly & Stephen Vorvolakos

    Shimon Shkury, President and Founder of Ariel Property Advisors, Sean R. Kelly, Esq., Partner, and Stephen Vorvolakos, Director, discuss trends in Brooklyn’s commercial real estate market and the findings of Ariel Property Advisors’ Brooklyn 2025 Year-End Commercial Real Estate Trends report. Highlights from the report include: Brooklyn closed 2025 with $6.66 billion in total commercial real estate sales across 951 transactions, reflecting an 8% decline in dollar volume and 2% increase in transactions compared to 2024.The development market rallied in 2025 with 172 transactions totaling $1.8 billion, an increase of 25% and 41%, respectively, compared to 2024.Multifamily dollar volume dipped 3% year over year to $3.47 billion while transactions rose 7% to 582.Brooklyn retail saw 76 transactions totaling $523 million, representing decreases of 10% and 17%, respectively, compared to 2024. Boroughwide, transaction activity was largely driven by smaller, mom-and-pop retail sales.

    14 min

  4. FEB 17

    120. NYC Multifamily 2025: Valuations, Policy Pressure & Liquidity Ahead featuring Victor Sozio & Matt Swerdlow

    Shimon Shkury, President and Founder of Ariel Property Advisors, Victor Sozio, Founding Partner, and Matt Swerdlow, Senior Director in the Capital Services Group, discuss New York City’s multifamily market and the findings of Ariel Property Advisors’ Multifamily Year In Review New York City 2025. Highlights include: Total dollar volume was relatively unchanged year-over-year, totaling $8.91 billion in 2025 compared to $9.1 billion in 2024.Free market buildings led multifamily sales citywide, accounting for 66% of dollar volume and 48% of transactions. Rent stabilized assets followed in deal frequency (47%) but trailed in value (20%), while affordable housing rounded out the market with 13% of the volume and 6% of transactions.Capital rewarded free-market housing with rising valuations, affordable housing remained active through strong public-private alignment and rent-stabilized assets traded at steep discounts as NOI eroded under policy and cost pressures.The rent-stabilized sector continued to grapple with regulations, rising costs and mortgage maturities at higher rates. Many banks are focusing on free market transactions, office transactions, retail transactions, and assets that aren’t regulated.The multifamily market will see increased liquidity in 2026 as Fannie Mae and Freddie Mac will each have $88 billion to lend for a total of $176 billion.

    11 min

  5. JAN 26

    119. Celebrating 15 Years of Ariel Property Advisors in CRE with Shimon Shkury & Roxanne Donovan

    To celebrate 15 years of Ariel Property Advisors, President & Founder Shimon Shkury sits down with Roxanne Donovan, President of Great Ink, for an exclusive conversation about the firm’s journey in New York City’s commercial real estate market. From its founding in 2011 to growing into a 65-person team united by shared values and collaboration, Ariel has evaluated, sold, and financed billions of dollars of real estate in NYC while arranging financing for clients nationwide. Listen to the episode to hear reflections on the past 15 years, the story of Ariel’s growth, its core values, the advisory-first approach, and more! For more information about Ariel’s accomplishments, read the 2025 Annual Report.

    33 min

  6. 12/04/2025

    118. Shimon Shkury on NYC Real Estate Momentum: Office, Development & Multifamily

    Shimon Shkury, President and Founder of Ariel Property Advisors, provides an in-depth overview of New York City’s office, development, and multifamily markets. This presentation, “Behind the Sales: What’s Fueling Investment in NYC Real Estate?”, was delivered at the NYC Real Estate Expo on October 28, 2025, at the New York Marriott Marquis.  Listen to the presentation on this podcast and click here to access the slides.

    10 min

  7. 11/18/2025

    117. Brooklyn’s Path Forward: Key CRE Market Insights from Industry Experts

    Ariel Property Advisors, together with Cozen O'Connor, recently hosted State of the Brooklyn Real Estate Market: What’s Ahead?—an exclusive commercial real estate trends conference and networking breakfast held on November 13. This discussion explored how Brooklyn’s CRE market is evolving and the forces shaping the borough’s future. The event opened with remarks from Shimon Shkury, President and Founder of Ariel Property Advisors, followed by a panel moderated by Sean R. Kelly, Esq., Partner at Ariel, and Kenneth K. Fisher, Esq., Member at Cozen O’Connor. The expert panel featured: Alyssa Zahler, Managing Director of Commercial Leasing, Two Trees Management Co.Sergey Rybak, Principal & Founder, Rybak DevelopmentIan Ross, Managing Partner & Founder, SomeraRoadLeon Goldenberg, CEO, Goldmont Realty

    1h 9m

  8. 10/28/2025

    116. NYC Multifamily Q3 2025 Market Update – Free Market, Rent-Stabilized & Affordable Housing featuring Victor Sozio & Ben Schlegel

    Shimon Shkury, President and Founder of Ariel Property Advisors, Victor Sozio, Founding Partner, and Ben Schlegel, Director in the Capital Services Group, discuss New York City’s multifamily market and the findings of Ariel Property Advisors’ Q3 2025 Multifamily Quarter in Review New York City. Highlights include: New York City’s multifamily market gained momentum in the third quarter, rising to $2.55 billion in sales, up 14% quarter-over-quarter and 17% year-over-year.Free-market assets are attracting significant investor interest due to strong fundamentals like growing rents and less regulation compared to rent-stabilized buildings.Nearly half of the dollar volume in the third quarter was in Manhattan where sales were dominated by well-capitalized investors targeting high-value free-market multifamily assets.There has been a significant increase in liquidity in the market over the last 6 to 12 months, with more banks, private lenders and debt funds entering the New York market. Lenders are keenly interested in Manhattan, especially for office-to-residential conversions, due to low vacancy rates and strong demand dynamics.The team is expecting a strong close to the year with a flurry of transactions, primarily driven by free-market multifamily properties, supported by softening interest rates

    13 min
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Ratings & Reviews

4.9
out of 5
9 Ratings

About

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.

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