Fridman of the Barcel Group secures multiple sales totaling $15.15 million; including $5.65 million sale of six-story elevator building
Marcel Fridman of the Barcel Group arranged the following transactions totaling $15.15 million:
* 585 N. Railroad Ave. in Staten Island was sold to a local family. The five-story elevator building with 35 apartments sold for 10 x rent at $4.7 million. The buyer and seller was represented by Marcel Fridman of the Barcel Group.
* 89-21 153rd St. in Queens sold for 10x rent at $5.65 million. The six-story elevator building consists of 45 apartments. The seller, NY Affordable housing LLC, was represented by Fridman. Fridman also represented the buyer, a local family.
*107 Boerum Place in Brooklyn sold for 18x rent roll at $1.3 million. The property consists of 8 units. Fridman represented the buyer, S. Rozenberg Associates and the seller, 107 Boerum Realty Corp.
* The 5 unit free market building at 806 Dean St. in Brooklyn sold for 13x rent at $1.25 million. Fridman represented the seller, a local family, and the buyer, a local investor.
* 167 Waverly Ave. was sold for $2.25 million. Fridman represented the seller, Ely Management, and the buyer, Silvershore Properties.
North Brunswick, NJ Dogtopia, a leading provider of dog daycare, boarding and spa services, has signed a lease to open a new 5,081 s/f location at Brunswick Shopping Center. The new location further
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.