Jacob Frydman – Committed to Supporting the Rhinebeck Jewish Center

Renowned real estate and private equity investor, Jacob Frydman is a devoted philanthropist and actively participates in programs and activities of New York’s Chabad of Dutchess County and The Rhinebeck Jewish Center as he takes a firm stance in pledging his time and personal funds to both organizations. Following a life-long career in real estate development and acquisition, a passion which began in high school when he made his first real estate investment, Frydman has been recently giving more of his energy to supporting local charitable establishments, following his retirement as CEO of a public Real Estate Investment Trust. Through the compassionate and proactive philosophy of the Rhinebeck Jewish Center, Frydman finds a powerful way to help those in need and to uplift the community spirit.

A native New Yorker, Jacob Frydman received a Bachelor of Science degree in Finance from Boston University and his Juris Doctor degree from Case Western Reserve University School of Law. During his 30-year career in the real estate industry, he acquired over five million square feet of property on the east coast of the United States and took part in procurement and development transactions valued at over $2 billion. His notable real estate projects include Two Dag Hammarskjöld Plaza in midtown Manhattan, which he re-developed, together with his long-time partner, Mitch Rutter, into a commercial condominium solely for foreign governments as their missions to the UN.  They also redeveloped the Aetna Building in lower Manhattan, and the DHL center in midtown Manhattan. In 1998 Frydman purchased the NBC New York television studios from General Electric, and from 1998 through 2010 he produced the log-running TV soap opera, “As The World Turns”, together with Proctor & Gamble. Having retired from his role as the CEO of a public Real Estate Investment Trust, Jacob Frydman continues to share his expertise in a consultancy service to developers and other businessmen within the industry, where he advises on highly complex special situations where he can enhance a property’s value, undertaking it alone or at times with partners. A long-standing philanthropist, Frydman is also a firm supporter of the Washington DC’s Brem Foundation, helping women in struggling communities at risk of developing breast cancer, and has served as a member of the Board of Directors of the Bardavon Opera House, home of the Hudson Valley Philharmonic.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – To Attend the NCFJE 76th Annual Awards Dinner

Jacob Frydman has built a successful 30-year career in real estate investments and development. A Boston University graduate with a Bachelors of Science in Finance, and a Juris Doctor degree from Case Western Reserve University School of Law. Frydman left his mark throughout the United States by developing over five million square feet of commercial properties. As an innovator in the property investment market, he often lends his insight as a speaker, panelist, and consultant at industry events and televised news broadcasts. Frydman is an avid humanitarian dedicated to a wide range of charitable organizations. In addition to the NCFJE, he also contributes to The Brem Foundation and The Chabad of Duchess County. For the event’s ticket’s, visit: https://ncfjeorg.clhosting.org/tools/events/register_cdo/eventid/5361/lang/en

The National Committee for Furtherance of Jewish Education’s (NCFJE) 76th annual awards dinner will take place at the Edison Ballroom on November 20-21, 2016. New York real estate and private equities expert, Jacob Frydman will be in attendance at the gala celebrating the NCFJE’s many achievements and volunteers making a positive impact within the local and national Jewish community. Founded in 1940 by Rabbi Yosef Yitzchok Schneerson, the NCFJE assists Jewish participants through meal programs and educational initiatives. During its 76 years of operation, the NCFJE has served thousands as a means of promoting humanitarianism. “I have had the privilege of working with the NCFJE for the past several years,” Frydman said. “I have seen firsthand the impact this group has made throughout New York’s Jewish community and am looking forward to attending this year’s annual dinner to celebrate everything this uplifting organization offers.”

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman — Joins NCFJE’s Toys for Hospitalized Children Program

Reputable property investor and community philanthropist, Jacob Frydman was delighted to contribute to the National Committee for Furtherance of Jewish Education’s (NCFJE) charity program – Toys for Hospitalized Children. Mr. Frydman’s generous commitment and support for the NCFJE’s initiative will help provide toys, gifts, and smiles to children in need. Located in Brooklyn, NY, NCFJE is a multi-faceted charity founded in 1940 by Rabbi Yosef Yitzchok Schneerson dedicated to protecting, feeding, and educating thousands throughout the New York metro area. Today, the NCFJE has several programs under the leadership of Rabbi Jacob Hecht with the objective of providing fast, discreet, and dignified service to all sectors of the Jewish community. Under the direction of Program Director, Mrs. Baila Hecht, the organization’s roster of initiatives includes Toys for Hospitalized Children, which sends over 10,000 toys and gifts annually to numerous hospitals, senior residences, and special needs facilities. For more than 50 years, these gifts have brought joy and smiles to those that need it most, and Jacob Frydman is pleased to be able to give back to the community through this meaningful and impactful program.

Located in Brooklyn, NY, NCFJE is a multi-faceted charity founded in 1940 by Rabbi Yosef Yitzchok Schneerson dedicated to protecting, feeding, and educating thousands throughout the New York metro area. Today, the NCFJE has several programs under the leadership of Rabbi Jacob Hecht with the objective of providing fast, discreet, and dignified service to all sectors of the Jewish community. Under the direction of Program Director, Mrs. Baila Hecht, the organization’s roster of initiatives includes Toys for Hospitalized Children, which sends over 10,000 toys and gifts annually to numerous hospitals, senior residences, and special needs facilities. For more than 50 years, these gifts have brought joy and smiles to those that need it most, and Jacob Frydman is pleased to be able to give back to the community through this meaningful and impactful program.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – Recaps the New York City’s History of Zoning

The first state in the country to enact zoning laws is New York, which set a precedence for protecting property values, reducing congestion, and making businesses more productive and safe. The Big Apple was proactive when it came to implementing rules and regulations for building restrictions, adjusting the accepted methods to prevent future degradation caused by poor planning. Native to New York, Jacob Frydman is an expert in current real estate, and appreciates the steps taken by predecessors to protect architectural integrity and urban development. What might have initiated the need for zoning regulation in New York, may have been the enormous Equitable Building, a 40-story apartment building capable of housing 16,000. This massive structure was built on an entire city block and diminished the availability of sunshine to residents in the area. The large number of people using the building caused heavy traffic and other difficulties. Consequently, the mayor, John Purroy Mitchel along with a committee of members commissioned laws that would eventually be issued by the U.S. Department of Commerce as The Standard State Zoning Enabling Act in 1924. This standard was accepted nationwide without changes.

 

Jacob Frydman notes that the history of zoning laws in New York is more complex than just one building. In the early 1900’s, the city was experiencing major growth. A speculative boom along the route of the new privately built subway was producing issues of congestion, blocking light and air and causing serious fire and safety hazards. A Manhattan politician, George McAneny wrote in 1913; “The time has come when efforts should be made to regulate the height, size and arrangement of buildings.” From there, a committee established the 1916 Zoning Resolution that put in place strict criteria with a height requirement that could not exceed the width of the road in front of the structure. The law also made clear distinction of specific areas to prevent factories and industry from encroaching upon retail districts. The initial laws remained unchanged until 1961 when additions were made to adjust for current conditions. The results are staggering. In 1910, the population of Manhattan was more than 2.3 million people, by 2010 that number was reduced to less than 1.6 million, the subsequent deduction is directly related to the zoning resolution.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – Recaps the New York City’s History of Zoning

The first state in the country to enact zoning laws is New York, which set a precedence for protecting property values, reducing congestion, and making businesses more productive and safe. The Big Apple was proactive when it came to implementing rules and regulations for building restrictions, adjusting the accepted methods to prevent future degradation caused by poor planning. Native to New York, Jacob Frydman is an expert in current real estate, and appreciates the steps taken by predecessors to protect architectural integrity and urban development. What might have initiated the need for zoning regulation in New York, may have been the enormous Equitable Building, a 40-story apartment building capable of housing 16,000. This massive structure was built on an entire city block and diminished the availability of sunshine to residents in the area. The large number of people using the building caused heavy traffic and other difficulties. Consequently, the mayor, John Purroy Mitchel along with a committee of members commissioned laws that would eventually be issued by the U.S. Department of Commerce as The Standard State Zoning Enabling Act in 1924. This standard was accepted nationwide without changes.

Jacob Frydman notes that the history of zoning laws in New York is more complex than just one building. In the early 1900’s, the city was experiencing major growth. A speculative boom along the route of the new privately built subway was producing issues of congestion, blocking light and air and causing serious fire and safety hazards. A Manhattan politician, George McAneny wrote in 1913; “The time has come when efforts should be made to regulate the height, size and arrangement of buildings.” From there, a committee established the 1916 Zoning Resolution that put in place strict criteria with a height requirement that could not exceed the width of the road in front of the structure. The law also made clear distinction of specific areas to prevent factories and industry from encroaching upon retail districts. The initial laws remained unchanged until 1961 when additions were made to adjust for current conditions. The results are staggering. In 1910, the population of Manhattan was more than 2.3 million people, by 2010 that number was reduced to less than 1.6 million, the subsequent deduction is directly related to the zoning resolution.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman Highlights New Development Sales Projection for New York City in 2018

Jacob Frydman has become one of the nation’s top analysts of real estate trends in both the New York City and throughout the country. The property expert has recently offered his deeply knowledgeable response to CityRealty’s projection that condominium sales at new developments in Manhattan will exceed $10 billion by 2018. Recognized as a thought-leader in his field, Frydman has been a guest lecturer on real estate finance at Columbia University and in the Master’s Lecturer series sponsored by New York Law School, and has been interviewed numerous times on Bloomberg TV, Fox Business News, CNBC and other television networks.

Few if any are better positioned than Jacob Frydman to analyze expectations in the real estate market.  An expert in various segments of the industry — including industrial properties, hotels, and retail space as well as residential units — he addressed the value of condominiums during his guest appearance on Fox Business News on Nov. 4, 2014.  “Things you live in might not be an investment,” Frydman said.  “But if you’re thinking about it as an investment, condos fell less as a percentage than houses from the top of the market to the trough in 2009, and have recovered faster from the trough of the market in 2009 to today, by between 6 and 10 percent in major cities. …it might surprise most Americans, but buying a condo actually was a better investment play than buying a house.”

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – Examines Potential for Real Estate Investors in the Wake of Inflation Protected Renting

Jacob Frydman has repeatedly warned that an inflationary period in the real estate market is inevitable, at least in part due to rising interest rates. Rates have remained low for quite some time, aided by the Federal Reserve, but are slated to rise and bring property values up. However, Frydman points out that the market is by its very nature cyclical and provides tremendous opportunity even with expected downturns. “What’s ultimately going to happen is an inflationary cycle not unlike what we were experiencing in the late 70’s and early 80’s,” he told an interviewer at Real Estate Finance Intelligence TV. With this in mind, Frydman advises potential investors to purchase properties while the costs are still relatively low and strengthen their asset values during the transition period from one cycle into the next until the market reaches a new high again. Frydman predicts this next peak to take place by the end of this decade.

Jacob Frydman has over 30 years of experience in structuring, financing, and executing highly complex real estate transactions. He is credited with acquiring over five million square feet of existing and to-be-developed holdings located on the east coast of the United States, and has participated in property transactions valued at over $2 billion. Frydman was the CEO and Chairman of First Capital Real Estate Trust, a public Real Estate Investment Trust, and continued on as Chief Investment officer after his retirement in September 2015.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – Reviews NYC’s Zoning for Mixed-Use Real Estate

Jacob Frydman notes the special interest and close attention paid by the New York zoning officials to the bullish mixed-use real estate climate. Melissa Mark-Viverito, Speaker of the NYC Council, has recently addressed the growing demand. “We are seeing remarkable interest from a range of companies to build new buildings and retrofit existing buildings in neighborhoods across the City… We need to create the conditions to support this kind of investment,” she urged. In a November, 2014 report, “Engines of Opportunity: Reinvigorating New York City’s Manufacturing Zones for the 21st Century”, Mark-Viverito recommended that zoning officials establish new vertical MX zoning designations. And this past April, the New York City Council approved a modified version of a major planning initiative proposed by Mayor de Blasio that includes mixed residential and commercial use development in East New York and Ocean Hill neighborhoods. The real estate data research firm, AxioMetrics, reports that the Kings County submarket in Brooklyn, NY alone has 23 mixed-use developments in the pipeline for 2013-2021.

Jacob Frydman is a New York-based property expert and consultant who sources and identifies value added investment opportunities. For over 30 years, he has executed and participated in highly complex real estate transactions valued at over $2 billion and spanning over 5 million square feet. A frequent guest on Fox News, Bloomberg TV, CNBC, and other television news outlets, Frydman has also lectured on real estate finance at Columbia University and in the Master’s Lecturer series sponsored by New York Law School. An avid philanthropist, Jacob Frydman devotes much of his time and capital to various charitable organizations, including the National Committee for Furtherance of Jewish Education (NCFJE), Chabad of Dutchess County, and the Brem Foundation of Washington, DC.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – On the Evolution of New High Performance Office Space

Due to the mercurial rise of co-working companies like WeWork and large corporations increasingly turning to freelance work, office developers have recently been forced to adapt in new and innovative ways. New York real estate investor Jacob Frydman recently addressed these unprecedented changes in commercial real estate, including the deviation from traditional workspaces to the development of high performance office spaces that feature flexible leases and impressive amenities.

 

Jacob Frydman has over 30 years of experience in structuring, financing and executing highly complex real estate transactions. Notable achievements of his career include Two Dag Hammarskjöld Plaza, an office condominium tower in midtown Manhattan used by foreign governments for their missions to the United Nations, and redeveloping the Aetna Building in lower Manhattan’s financial district.  An avid philanthropist, he has been a firm supporter of Chabad of Dutchess County, the Brem Foundation to Defeat Breast Cancer, and other organizations.  He generously dedicates much of his time and capital to programs aimed at helping people in struggling communities, and is proud to have recently joined the National Committee for Furtherance of Jewish Education (NCFJE) in support of its Released Time program of Greater New York.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman Discusses the Role of Technology in Commercial Real Estate Market

NEW YORK, NY – According to worldwide management consulting firm McKinsey & Company, virtually every modern industry is experiencing some form of digital disruption. Historically, commercial real estate (CRE) has sustained a culture of cautious strategies and resistance to major change, yet in today’s world new technologies and digitalization are increasingly being embraced as assets by even the most staunch market conservatives. Internationally-renowned real estate investment consultant and CEO of Frydco Capital Group, Jacob Frydman talks about the role new technologies play in reshaping the present and the future of the CRE industry.

Despite the growing trend for consumers to shop via ecommerce platforms, retail rent pricing in major cities across the globe remains sky high. In the United States, commercial real estate is estimated to be the country’s largest economic asset with $24.14 billion invested in the first half of 2018 alone. This behemoth industry offers vast opportunities for digitalization and as such, has attracted ecommerce platforms such as Ten-X which aims to fundamentally change the experience of investing in CRE. The company has processed over $20 billion in CRE transactions since its launch in 2009 and works towards simplifying and streamlining the work of brokers worldwide. Ten-X is not alone in the scramble to align with a business niche that generates nearly $1 trillion in revenues annually. Inspired by the success of Airbnb and WeWork, venture investors deployed over $5 billion in 2017 to engineer software and platforms with an aim to revolutionizing the CRE market as we know it.

In the U.S.A. the transition to a new, digital ecosystem for residential real estate transactions is already clearly evident in a multitude of cloud based data streams delivering faster and more customer friendly service to the average consumer. This has empowered property developers and owners to better market, manage, maintain and monetize their assets. Looking purely at CRE investments, Jacob Frydman sees the real advantage of technology implementation as a massive time-saver (freeing up brokers from manual and repetitive tasks) and facilitator of fluid communication by providing multiple parties with real-time data access. This results in greater opportunity for relationship and network building between agents, investors and sellers with much less time spent on administrative workflows. Technology has also benefitted the industry by generating greater accessibility to new demographics through virtual property tours, purchase facilitators and remote management service providers.

Jacob Frydman is a leading real estate investor and consultant based in New York City. He graduated from Boston University with a BS in Finance and a JD from Case Western Reserve University School of Law. Frydman has been a frequent guest speaker at the New York Law School and at Columbia University where he lectured on real estate and finance. He has gained international recognition through his successful investment portfolio of property development projects implemented over the last 30 years and valued at over $2 billion. He is also a dedicated philanthropist and generous contributor to various charitable organizations. He has served on the Board of the Jewish Federation of Dutchess County, NY, and has been an avid supporter of the National Committee for Furtherance of Jewish Education (NCFJE), Chabad of Duchess Country, and the Brem Foundation of Washington, DC.