HKS Real Estate Advisors
Committed to Delivering the Highest Level of Service
- Investment Sales & Advisory
- Acquisition & Bridge Financing
- Long Term Fixed and Floating Rate Financing
- Mezzanine and Private Equity
- Construction Financing
NEW YORK CITY / Q3 2023 / Market Report
New York City investment sales continued facing significant headwinds in the 3rd quarter. Transaction volume totaled $3....
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About Us
Located in the heart of New York City, HKS Real Estate Advisors is the nation's premier real estate advisory firm. With over $2 billion in annual transaction volume, we are committed to providing our clients with the highest level of service. We pride ourselves on being client advocates first and foremost, and conduct ourselves with creativity and integrity. With every closed transaction, we sustain our reputation for an unparalleled commitment to excellence.
The principals at HKS have closed over $25 billion in transactions to date. Since our inception, we have been able to provide the best-in-class solutions with seamless execution regardless of complexity - often succeeding in closing transactions that others could not.
Services
Investment Sales & Advisory
In an ever-changing commercial property transfer environment, it is important to seek advice from a forward thinking and experienced group of professionals. At HKS, we are proud to now provide commercial property investment sales advisory services, spearheaded by some of the premiere industry leaders in that venue. Understanding current market trends and data points are crucial in determining both the value and returns for a potential transaction, and our team strives to keep on the cutting edge of market analysis and industry-wide network intellect.
Acquisition & Bridge Financing
Long Term Fixed and Floating Rate Financing
Mezzanine and Private Equity
Construction Financing
Meet Our Team
Ayush Kapahi
Principal and Founding Partner
Phone: (212) 254-1600 x105
Email: akapahi@hks.com
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Jerry Swartz
Principal and Founding Partner
Phone: (212) 254-1600 x107
Email: jswartz@hks.com
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John Harrington
Principal and Founding Partner
Phone: (212) 254-1600 x104
Email: jharrington@hks.com
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Michael Lee
Principal and Partner
Phone: (212) 254-1600 x101
Email: mlee@hks.com
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Peter Carillo
Principal, Senior Managing Director
Phone: (212) 254-1600 x118
Email: pcarillo@hks.com
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Charles Yellen
Senior Managing Director
Phone: (212) 254-1600 x146
Email: cyellen@hks.com
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Eugene Weinraub
Managing Director
Phone: (212) 254-1600 x207
Email: eweinraub@hks.com
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Jay Stern-Szczepaniak
Associate Director
Phone: (212) 254-1600 x106
Email: jstern@hks.com
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Antonio Lulli
Associate Director
Phone: (212) 254-1600 x112
Email: alulli@hks.com
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Arthur Safdeye
Analyst
Phone: (212) 254-1600 x122
Email: asafdeye@hks.com
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Jeremy Pentek
Analyst
Phone: (212) 254-1600 x116
Email: jpentek@hks.com
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Alex Dobosh
Associate
Phone: (212) 254-1600 x149
Email: adobosh@hks.com
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Cory Halpert
Associate
Phone: (212) 254-1600 x120
Email: chalpert@hks.com
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Harry Schoenberg
Analyst
Phone: (212) 254-1600 x 113
Email: hschoenberg@hks.com
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Investment Opportunities
The Lanes / 37-10 Crescent Street / Ground Floor Commercial Space Available For Lease
Offering features a retail frontage component and manufacturing space in the back / High ceilings / Full build-out condition / Plentiful natural light / Easy to vent with skylights in the back of the space / Storefront ADA accessible / Walking distance to transportation / Building has an indoor garage; access can be arranged with commercial tenants
Atlanta Single Family Rental Portfolio
The portfolio consists of attractive and well-maintained homes with modern features and amenities which attract a qualified and stable tenant base. The assets enjoy a 96% occupancy rate and with an average monthly rent of $1,603, they don't suffer from affordability issues and retain significant rent growth upside potential.
LIC Opportunity Zone, Ground-Lease or JV Development
Block-thru lot with over 330,000 square feet of development rights. This Qualified Opportunity Zone lot is ripe for taking advantage of the Federal tax benefits provided in exchange for improving the lot and opening new businesses. Zoning permits for construction of Industrial, Office, and Retail.
Industrial Opportunity Zone, South Bronx
Portfolio of commercial/industrial properties in the South Bronx with proximity to 4, 5, 6 Subway lines as well as the Robert F. Kennedy, 145th Street, Madison Avenue, Third Avenue, and Willis Avenue Bridges. The properties total ± 100,000 square feet with an additional 21,000 square feet of unused development rights or 167,000 square feet of unus...
Astoria Value-Add: 34-55 32nd Street
4-Story Opportunity Zone asset with 7 free-market units and 1 restaurant. All seven apartments are 2 bedroom-2 baths, attracting middle-class young professionals and families. This corner lot retail space is home to New York's only Welsh restaurant and bar.
Rare Development Opportunity / 354 West 52nd Street
On behalf of ownership, HKS Real Estate Advisors is pleased to present, 354 West 52nd Street for sale. The block-through lot is ideally located on 52nd Street between 8th and 9th avenues in the Clinton-Midtown West neighborhood of Manhattan. The development site is currently operated as a parking lot and measures approximately 9,540 square feet. Th...
109-111 West 24th Street
On behalf of ownership, HKS Real Estate Advisors is pleased to present for sale, Chelsea office property. Ideally located a block away from Madison Square Park and the Flatiron District, and also a few steps away from the 1, B, D, F, M trains, plus the PATH. The area is known for its plentiful culinary and shopping amenities and some of the city's ...
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Notable Transactions
Investment Sales
Capital Advisory
HKS Real Estate Advisors was founded in 2011, and is an industry leader in Commercial Real Estate Advisory services. We provide financial services in the way of debt, equity, bridge and joint venture financing for commercial real estate transactions. Our investment sales division advises clients on single-asset, portfolios, development sites, air rights, ground leases, JV partnerships and partial equity sales across multifamily, industrial, office, retail and hospitality asset classes. We have been able to provide best in class sales and financing solutions with seamless execution regardless of complexity. Since established, we have closed north of $25 billion in transactions and are expanding aggressively.
305 West 48th Street & 7...
Times Square
Manhattan
Development Site / $909,000,000
500 Fifth Avenue
Plaza District
Manhattan
Office / $22,480,000
East Harlem Portfolio
East Harlem
Upper Manhattan
Multifamily / $225,000,000
120 East Street Road
Philadelphia Suburbs
Warminister, PA
Multifamily / $21,000,000
5 East 51st Street
Midtown East
Manhattan
Assemblage / $12,600,000
12391 West Sunrise Boule...
South Florida
Plantation, FL
Retail / $8,100,000
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Research
NEW YORK CITY / Q3 2023 / Market Report
New York City investment sales continued facing significant headwinds in the 3rd quarter. Transaction volume totaled $3.94 billion for the period, well below the $5.33 billion of Q2 (QoQ) and $5.32 billion of Q3 2022 (YoY). All boroughs saw decreased transaction volumes, though Brooklyn and The Bronx experienced a slight uptick in transaction count...
NEW YORK CITY / Q2 2023 / Market Report
New York City investment sales stabilized somewhat in the second quarter, making up ground after the dramatic decline of the first quarter. Transaction volume came in at $4.19 billion during the period, compared to only $3.02 billion in Q1. This healthy quarterly uptick was driven by a slight thaw in the markets, as the Federal Reserve’s monetary t...
NEW YORK CITY / Q1 2023 / Market Report
The recent trend of declining transaction volume continued in Q1 of 2023. In fact, investment sales in New York City declined by 31% from the previous quarter and are on track for their worst result since the Global Financial Crisis. As the rate increase cycle marches on, capital continues to get more expensive.
NEW YORK CITY / Q4 2022 / Market Report
Not surprisingly, Q4 2022 was a continuation of the trend we saw emerging in Q3 2022. Transaction volume came in at a subdued $5.35 billion across all boroughs in NYC, which was slightly above last quarter’s $5.04 billion.
NEW YORK CITY / Q3 2022 / Market Report
After a bumper Q2 2022 where New York City recorded over $8.5 billion in investment sales transactions, Q3 2022 was always likely to be less dynamic, and so it proved. The Federal Reserve, facing inflation pressures not seen in several decades, was forced to continue its ultra-hawkish bent and so raised its reference rate by 150 basis points during...
NEW YORK CITY / Q2 2022 / Market Report
The second quarter has been one of dichotomies. On the one hand, NYC experienced a bumper period for investment sales volume, clocking at $8.5B for the quarter ending June 30. This was driven by a flurry of activity as investors raced to beat the looming expiration of the 421a tax abatement program and also the expectation of rising inflation.
NEW YORK CITY / Q1 2022 / Market Report
Recovery - That is the key word for NYC investment sales in 2022. After the depths of the pandemic in 2020 and 2021, when transactions were severely depressed in number and dollar volume, the market this year is showing strong signs of getting back on track.
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Media
In The News
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Social Media
HKS Real Estate Advisors and Lee & Associa...
April 25, 2023 | NYREJ
Manhattan, NY HKS Real Estate Advisors and Lee & Associates of NY have completed the $15.488 million sale of a prime development site at 354 West 52nd St. The block-thru parking lot has 75 feet of fro...
Ones to Watch Fall 2022: Alex Dobosh, HKS ...
November 22, 2022 | NYREJ
The partners and directors at HKS have been incredible mentors and role models, instilling in me a strong work ethic and motivation to deliver for our clients and lenders. I was attracted to HKS becau...
MG Developer and Baron Property Group Secu...
October 4, 2022 | PROFILEmiami
MG Developer and Baron Property Group, in partnership with Township Capital, have secured a $148 million construction loan from Post Road Group for Metro Parc, a 10-story, two-tower apartment rental p...
Flushing Point Plaza project gets $101M co...
August 26, 2021 | The Real Deal
A mega mixed-use development in Flushing just got a $101 million construction loan. Xiaorong Zhai’s Jade Century Properties, along with its development partner Peter Huang, landed the financing to de...
Manatus Refis New Bronx Community Center P...
August 20, 2021 | Commercial Observer
Manatus Development Group has secured $38 million in debt from Barclays to refinance the new South Bronx headquarters of health and human services nonprofit Samaritan Daytop Village, Commercial Observ...
Real Estate Weekly’s 2020 Rising Stars
February 17, 2021 | Real Estate Weekly
Most recent achievement: Dean initially began his career with HKS in 2018 and has quickly become an integral member of the firm. To date, he has successfully participated in closing over 70 transactio...
HKS brokers $24M construction loan
April 23, 2020 | Real Estate Weekly
HKS Real Estate Advisors has arranged a $24.5 million construction loan with M&T Bank for the development of a six-story, 149 multi-residential unit building called Brookview Commons to be built on th...
2020 Ones to Watch: Max Ralby, HKS Real Es...
August 18, 2020 | NYREJ
The closing of a $24 million construction loan in the Bronx for the new headquarters for Samaritan Day Top Village. I tracked this project for over a year, so landing the assignment and securing the f...
Carillo of HKS Real Estate Advisors and Ta...
November 19, 2019 | NYREJ
Manhattan, NY Peter Carillo, principal/senior managing director of HKS Real Estate Advisors and Ben Tapper, senior managing director of Lee & Associates NYC (LeeNYC), have negotiated a 99-year leaseho...
Peter Carillo to launch new sales division...
September 26, 2018 | Real Estate Weekly
Another Eastern Consolidate alumnus has been tapped to build out an investment sales platform for a New York company. Peter Carillo, a record-breaking producer at the now shuttered firm, will head a n...
Sizing up NYC`s debt brokerage powerhouses
May 3, 2018 | NYREJ
UPDATED, May 3, 12:42 p.m.: HNA Group's $2.21 billion purchase of 245 Park Avenue — the city's biggest investment sales deal of 2017 — was brokered by the world's largest property services firm, CBRE.
2018's Rising Stars of Real Estate
August 18, 2018 | Real Estate Weekly
Michael Lee, 28, is a rising star at financial advisory firm HKS Capital Partners where he has been part of the team since the company was founded in 2011. In 2015 he was appointed a partner at HKS Ca...
Commercial Corner: Charles Yellen
May 1, 2018 | Mann Report
Charles Yellen joined New York-based capital advisory firm HKS Capital Partners at the start of 2017 as its new managing director where he manages the firm's growing practice and works in collaboratio...
REFI Radio: Hotels seeing slower lending m...
May 1, 2018 | REFI US
The hotel sector is seeing interest from lenders wane as average daily room rates fall, RevPAR levels drop, and more rooms come on line, according to Jerry Swartz, founding a partner at New York-based...
Simon Baron, Quadrum Global Secure $74M Re...
August 22, 2017 | Commercial Observer
Simon Baron Development and Quadrum Global have secured $73.5 million in refinancing for the 250-room Arlo Hotel in NoMad, according to public documents filed today.
CO's 25 Under 35: The Lenders and Debt Bro...
October 4, 2017 | Commercial Observer
Over the last 12 months, HKS Capital Partners Real Estate Finance Associate Jay Stern-Szczepaniak has closed over $40 million in loans across New York City as well as one in Louisiana—his favorite of ...
HKS Arranges $45mm Hotel Loan
November 16, 2016 | Commercial Observer
HKS Capital Partners, a New York based capital advisory firm, arranged a $45 million refinance loan from Bank Hapoalim B.M. for The Ben Josef Group in the purchase the famous Sagamore Hotel, located i...
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Work With Us
At HKS, we seek a wide assortment of people from different backgrounds, universities and degree disciplines- the more diverse the team, the more new ideas they will convey to the firm. The vital skills we look for, however, are the same in everyone and we pursue individuals who can validate the following:
- Impeccable communication skills
- Drive and ambition
- Sound judgment
- Creativity
- Execution fineness
- Presence
- Teamwork
- Numeracy
To be considered for one of the positions enumerated below, please send a resume and a short cover letter to employment@hks.com. Only candidates under consideration will be contacted. HKS Real Estate Advisors is an Equal Opportunity Employer.