- Chetrit Group acquires Queens motelThe Chetrit Group has acquired a motel in Woodside, Queens for $13.4 million, according to property records. The building, known as the Queens Motor Inn, is located at 64-11 Queens Boulevard between 64th Street and 65th Street. The Sunny Side Post previously reported that the seller, Queenmo Corp., accepted an offer for the site from […]
- Selling points: Sela buys NJ resi complex for $40M, Kamber acquires UWS portfolio for $50MGebroe-Hammer Associates Coveted apartment complex fetches $40M An apartment community in tony West Orange, NJ, has been sold for $40.5 million. Gebroe-Hammer Associates brokered the sale of the 178-unit Crest Ridge Apartments complex. The team of Greg Pine and Adam Zweibel exclusively represented the original developer, Rockledge Realty, LLC, and procured the buyer, Sela Realty Investments, […]
Fraud & Forensic Accounting
- One Explanation for the Variance in the Price/EBITDA MultipleGiven a Fixed Amount of EBITDA After reading Steve Egna’s article in the April 12, 2017 issue of QuickRead Buzz, in which he suggests that a larger multiple of EBITDA is realized as the number of employees of the selling business increases, the author considered testing whether that same approach could help explain why a […]
- The Economic Balance Sheetand its Application to Enterprise Valuation The value of a firm must equal the value of the claims on its assets. In practice, this is generally expressed as the value FIRM = value DEBT + value EQUITY. Similarly, in a balance sheet prepared in accordance with generally accepted accounting principles (GAAP), assets = liabilities and […]
- How NYC prepared for the next big storm—and didn't [in 5 steps]The blast of corrosive salt water and sand that enveloped the city when Superstorm Sandy struck in 2012 ruined hundreds of houses and knocked out hospital generators, shipping docks, buildings’... To view the full story, click the title link.
- This riding-boot maker is still in the saddle at age 90It’s been 18 years since Jose Der, founder of custom-riding-boot company Der Dau, last crafted a boot by hand. But Der, who turned 90 on July 29, is hardly taking it easy. He travels to horse... To view the full story, click the title link.