Fridman and Zimmerman of The Barcel Group complete $2.85 million sale; Represented the buyer and seller of 1114 Nostrand Avenue
Brooklyn, NY The Barcel Group has brokered the sale of 1114 Nostrand Ave. located in the Crown Heights section. The building, which consists of 28 residential units and five stores, sold for $2.85 million.
1114 Nostrand Avenue, Crown Heights - Brooklyn, NY
The building is in great condition with rents averaging $800 per apartment. The location is close to public transportation.
Marcel Fridman and Bart Zimmermann, co-founders of the Barcel Group, represented both buyer and seller. Fridman said, "Park Slope and Williamsburg rental prices are still pushing renters in search of affordable apartments, to nearby parts of the borough. This area has recently been showing an increase in rents which such buildings can command. The buyer quickly realized the opportunity for a steady income, as well as future upside."
Fridman of The Barcel Group reps buyer in $4.6 million sale of 46-unit walk-up; Korobkin of The Barcel Group reps seller of 3021 Brighton 13th Street
Brooklyn, NY The Barcel Group has brokered the sale of 3021 Brighton 13th St. located in the Brighton Beach section. The 46-unit walk-up apartment building sold for $4.6 million. The transaction price reflects a gross rent multiple of 9%.
3021 Brighton 13th Street, Brighton Beach - Brooklyn, NY
The sellers have owned the property for over 20 years. It is located on the corner of Brighton 13th St. and Ocean View Ave.
Marcel Fridman president and co-founder of the Barcel Group represented the buyer and Nikolai Korobkin represented the seller.
Fridman said, "It took one phone call to find a buyer for this deal. This area has recently seen an increase in the rents that these types of buildings can command. The buyer quickly realized the opportunity for steady income, as well as future upside."
Fridman also said that this is the third apartment building he has sold in the Brighton Beach area.
Fridman of The Barcel Group reps buyer and seller in $3.15 million sale; 46-unit walk-up apartment located at 3765 18th Avenue, Brooklyn
Brooklyn, NY The Barcel Group has completed the sale of 3765 18th Ave. located in the Kensington section. The 46-unit walk-up apartment building sold for $3.15 million. The transaction price reflects a gross rent multiple of 8.25 %.
3765 18th Avenue - Brooklyn, NY
The sellers, 3765 18th Ave. LLC, have owned the property for over 30 years. It is located off the Ocean Pwy. between E. 8th St. and E. 9th St.
Marcel Fridman, president and founder of The Barcel Group represented both the buyer and seller.
"Manhattan rental prices are still extremely pushing renters to the outer boroughs seeking affordable apartments. This area has recently seen an increase in the rents that these types of buildings can command. The buyer quickly realized the opportunity for steady income, as well as future upside," said Fridman. "It took one phone call to find a buyer on this deal."
He also notes that he has several other similar properties currently in contract in the surrounding area.
Fridman of Barcel Group brokers $6.7 million sale of 55-unit apartment building
Brooklyn, NY The Barcel Group has brokered the sale of 1940 Ocean Ave. located in the Midwood section. The 55-unit elevator apartment building sold for $6.7 million.
1940 Ocean Avenue - Midwood, Brooklyn, NY
The sellers, 1940 Ocean Ave LLC have owned the property for over 40 years. It is located on the well known Ocean Ave. between Aves. N and O where it is surrounded by similar apartment buildings and near public transportation.
Marcel Fridman, VP and co-founder of the Barcel Group represented both the buyer and seller. Fridman said, "Manhattan rental prices are still extremely high pushing renters to the outer boroughs seeking affordable apartments. This area has recently seen an increase in the rents that these types of buildings can command. The buyer quickly realized the opportunity for steady income, as well as future upside."
BARCEL BROKERS $22.8 MILLION OFFICE SALE
NEW YORK CITY — The Barcel Group has brokered the sale of a 15-story office tower located at 202 W. 40th St. in New York City for $22.8 million. The building totals 38,000 square feet and has recently undergone renovations. A retail unit in the building is occupied by Fashion 40 Lounge. Marcel Fridman of Barcel represented both undisclosed parties in the transaction. The property traded at a price of $600 per square foot and a capitalization rate of 5.5 percent. Acquisition financing was arranged by Joseph Taub of Meridian Capital.
Zimmermann, Fridman launch Barcel Group
Manhattan, NY Bart Zimmermann and Marcel Fridman have launched the Barcel Group Inc., a licensed real estate brokerage. The new firm, located at 165 Madison Ave., specializes in the sale of investment and commercial property throughout the city's five boroughs.
Barcel Group focuses on developing strong relationships between buyers, sellers, and themselves in order to facilitate transactions efficiently.
Bart Zimmermann
Marcel Fridman