The Real Deal Miami

Big buy for Barclay Plaza

September 21, 2009 01:20PM

The 1950’s vintage Barclay Plaza sold for $2.35 million, about $98,000 apiece for the 24-unit building, according to a report today. Buyer 1941 Park Ave LLC, with Ishai Ben Zour as managing member, will rent out units in the short term, and may opt for renovation and conversion in an improved market, Peter Zalewski, a principal with real estate consulting group Condo Vultures, said. The building is between the Miami Beach Convention Center and the new W South Beach and Setai resorts.

6 Responses to “Big buy for Barclay Plaza”

  1. October 02, 2009 at 4:51 pm, Jay Massirman said:

    IMPORTANT NOTICE:

    The disparaging comentary below about Peter Zalewski ( just brought to my attention by a reporter) was not authored by me. Peter is a friend and I am a client of his searching for bulk deals. I think whoever wrote that comment is entitled to their opinion but using my name is both identity fraud and is a criminal act. Further, to use another persons name to hide behind is a cowardly act. Use your own name or keep your comments to yourself.

    The real Jay Massirman

  2. September 23, 2009 at 11:17 pm, Anonymous said:

    the transaction was for 2.5 Million minus broker fees. Peter Zalewski, is not an investment broker, he is a condo seller…. Should you want the scoop on the transaction contact the brokers involved or other miami beach multi family brokers….

  3. September 23, 2009 at 11:36 pm, Jay Massirman said:

    Peter Zalewski’s knowledge is limited with respect to real estate. He started condo vultures and did a good job marketing his company, but if you talk to him or any of his staff, they are real brokers. They try to insert themselves in to situations but do not know how to manage sales correctly. Furthermore they try and take advantage of foreigners. They do not have any listings as a brokerage, and use deceptive business practices…. STAY AWAY. REPORTED TO BBB. NEED TO BE SHUT DOWN

  4. September 23, 2009 at 11:40 pm, Scott Betten said:

    How did this guy even get a real estate license, this guy should be market coca cola, not real estate. Does not co operate with the brokerage community. Banks and Sellers stay away, this guy will list your property and waste your time.

  5. September 23, 2009 at 11:40 pm, Alex Aguirre said:

    Complete joker… Shame they give this guy so much publicity.

  6. September 23, 2009 at 11:42 pm, Bill Carson said:

    Peter lies about everything im surprised they allow him to even report sales…

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