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Still Time to Get In on Outer Borough Investments

Panelists say why they’re doing deals in Brooklyn and the Bronx at Ariel Property Advisors’ “Coffee & Cap Rates” breakfast.

Coffee and Cap Rates July 2018 From left: Paulo Garcia, Eli Weiss, Susi Yu, Sorabh Maheshwari, Michael Stoler/ photo by Betsy Kim

NEW YORK CITY—In addition to places like SoHo and Tribeca, developers and lenders see Brooklyn, Queens and the Bronx as places which will retain and increase in value over time. “There has a been a slow down in that appreciation, and maybe even a small decline,” said Sorabh Maheshwari, founding partner at Churchill Real Estate Holdings. But the ability to buy into, invest in or even just lend into those areas is still attractive today, he added.

Maheshwari was one of the “Coffee & Cap Rates” speakers, at Ariel Property Advisors’ bi-annual discussion on the New York City investment sales market.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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