Coffee & Cap Rates

Author: Ariel Property Advisors

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.
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Genres: Business, Investing

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12/13/2024: Episode 100 - How the City of Yes Will Unlock Value and Create More Housing featuring Michael A. Tortorici & Sean R. Kelly
Episode 100
Friday, 13 December, 2024

Shimon Shkury, President and Founder of Ariel Property Advisors, Michael Tortorici, Founding Partner, and Sean R. Kelly, Esq. Partner, discuss highlights from the recently approved City of Yes for Housing Opportunity plan, which will add more than 80,000 new apartments over 15 years and invest $5 billion in infrastructure updates and housing. The partners explore how the new initiative will add housing in neighborhoods throughout New York City, increase the density of some development sites, promote office conversions, allow new development on large campuses and much more. A summary of the City of Yes is available here.