News:
Brokerage
Posted: December 12, 2011
Fridman of The Barcel Group completes $1.82 million sale of eight-unit Brooklyn apartment building
The Barcel Group has completed the sale of 159 Evergreen Ave., located in the Bushwick section. The eight-unit, recently developed, apartment building sold for $1.82 million. The transaction price reflects a gross rent multiple of 8.5. Marcel Fridman, president and co-founder of the Barcel group represented all parties. Fridman said, "Bushwick has seen a huge demand for apartments recently due to the extremely high residential rents of Williamsburg."
This area of Brooklyn has seen many new developments get off the ground in the last 12 months. Lots of new high end restaurants and bars have been opening up in Bushwick.
Tags:
Brokerage
MORE FROM Brokerage
Venture Brokerage Group leases 2,100 s/f to CAVA at Victor Crossing
Victor, NY According to Venture Brokerage Group, CAVA, the Mediterranean fast-casual restaurant brand, is coming to 401 Commerce Dr., at Victor Crossing. Janell Vanegas
Quick Hits
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
.gif)