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 2022 / Market Report

After a bumper Q2 2022 where New York City recorded over $8.5 billion in investment sales transactions, Q3 2022 was alwa...

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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

Ayush Kapahi

Principal and Founding Partner


Phone: (212) 254-1600 x105

Email: akapahi@hks.com


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Jerry Swartz

Jerry Swartz

Principal and Founding Partner


Phone: (212) 254-1600 x107

Email: jswartz@hks.com


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John Harrington

John Harrington

Principal and Founding Partner


Phone: (212) 254-1600 x104

Email: jharrington@hks.com


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Michael Lee

Michael Lee

Principal and Partner


Phone: (212) 254-1600 x101

Email: mlee@hks.com


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Peter Carillo

Peter Carillo

Principal, Senior Managing Director


Phone: (212) 254-1600 x118

Email: pcarillo@hks.com


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Charles Yellen

Charles Yellen

Senior Managing Director


Phone: (212) 254-1600 x146

Email: cyellen@hks.com


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Max Ralby

Max Ralby

Managing Director


Phone: (212) 254-1600 x132

Email: mralby@hks.com


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Eugene Weinraub

Eugene Weinraub

Managing Director


Phone: (212) 254-1600 x207

Email: eweinraub@hks.com


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Jay Stern-Szczepaniak

Jay Stern-Szczepaniak

Associate Director


Phone: (212) 254-1600 x106

Email: jstern@hks.com


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Antonio Lulli

Antonio Lulli

Associate Director


Phone: (212) 254-1600 x112

Email: alulli@hks.com


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Robert Koda

Robert Koda

Associate


Phone: (212) 254-1600 x119

Email: rkoda@hks.com


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Dean Katz

Dean Katz

Associate


Phone: (212) 254-1600 x134

Email: dkatz@hks.com


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Alex Dobosh

Alex Dobosh

Associate


Phone: (212) 254-1600 x149

Email: adobosh@hks.com


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Arthur Safdeye

Arthur Safdeye

Analyst


Phone: (212) 254-1600 x122

Email: asafdeye@hks.com


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Jeremy Pentek

Jeremy Pentek

Analyst


Phone: (212) 254-1600 x116

Email: jpentek@hks.com


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Cory Halpert

Cory Halpert

Analyst


Phone: (212) 254-1600 x120

Email: chalpert@hks.com


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Harry Schoenberg

Harry Schoenberg

Analyst


Phone: (212) 254-1600 x 113

Email: hschoenberg@hks.com


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Investment Opportunities

109-111 West 24th Street

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 ...

±46,299 SQ.FT.

RBA

50'

Frontage

7

# of Stories

Rare Development Opportunity / 354 West 52nd Street

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...

40,068 SQ.FT.

Max Floor Area

75' X 201' (IRR.)

Lot Dimensions

R8/CL

Zoning/Special District

Astoria Value-Add: 34-55 32nd Street

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.

8

Total Units

±6,480 Sq.Ft.

Building Size

$240,396

Gross Income

Industrial Opportunity Zone, South Bronx

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...

±100,000 SQ.FT.

Building Size

±55,784 SQ.FT.

Lot Size

±21,040 SQ.FT.

Unused Development Rights

LIC Opportunity Zone, Ground-Lease or JV Development

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.

51,411

Lot Sq.Ft.

334,172

Buildable Sq.Ft.

M1-5

Zoning

Atlanta Single Family Rental Portfolio

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.

$480,888

Gross Rent

$1,603

Average Monthly Rent

$343,722

NOI

The Lanes / 37-10 Crescent Street / Ground Floor Commercial Space Available For Lease

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

11,158 SF

Approximate Size

$30/SF

Asking Rent

Immediate

Possession

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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 & 777 8th Avenue

305 West 48th Street & 7...

Times Square
Manhattan

Development Site / $909,000,000

500 Fifth Avenue

500 Fifth Avenue

Plaza District
Manhattan

Office / $22,480,000

East Harlem Portfolio

East Harlem Portfolio

East Harlem
Upper Manhattan

Multifamily / $225,000,000

120 East Street Road

120 East Street Road

Philadelphia Suburbs
Warminister, PA

Multifamily / $21,000,000

5 East 51st Street

5 East 51st Street

Midtown East
Manhattan

Assemblage / $12,600,000

12391 West Sunrise Boulevard

12391 West Sunrise Boule...

South Florida
Plantation, FL

Retail / $8,100,000

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Research

NEW YORK CITY / Q3 2022 / Market Report

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...

$5.04B

Dollar Volume


-41% vs Q2 22

+119% vs Q3 21

617

Transaction Volume


-21% vs Q2 22

+109% vs Q3 21

708

Property Volume


-24% vs Q2 22

+97% vs Q3 21

NEW YORK CITY / Q2 2022 / Market Report

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.

$8.5B

Dollar Volume


+49% vs Q1 22

+143% vs Q2 21

782

Transaction Volume


+13% vs Q1 22

+69% vs Q2 21

926

Property Volume


+13% vs Q1 22

+59% vs Q2 21

NEW YORK CITY / Q1 2022 / Market Report

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.

$5.7B

Dollar Volume


+20% vs Q4 21

+90% vs Q1 21

689

Transaction Volume


+80% vs Q4 21

+133% vs Q1 21

818

Property Volume


+87% vs Q4 21

+77% vs Q1 21

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Media

In The News

|

Social Media

MG Developer and Baron Property Group Secure $148 Million Construction Loan from Post Road Group for Metro Parc

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 construction loan

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 Project With $38M Barclays Loan

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

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

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 Estate Advisors LLC

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 Tapper of Lee NYC negotiate 99-year leasehold

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 at HKS Capital

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

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

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

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 market

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 Refi for Arlo Hotel in NoMad

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 Brokers to Watch in 2017

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

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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