Industry Leading ExpertiseWhen It Counts.

$1.5B+ Closed

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Marcelle Cohen
Marcelle Cohen
Director, New York Investment Sales
Gale Group International
Sotheby's International Realty
Meet The Team

"Exceptional innovation for exceptional results."

$3.69B
NYC hotel transaction volume in 2025 — the #1 U.S. market
5.0M
SF of Manhattan office-to-residential conversions broken ground, 2025
82K
Net new units projected under City of Yes for Housing Opportunity
123,835
Net international migrants to Miami-Dade, 2024–25 — #1 U.S. county
From the research desk

What we're tracking.

“Manhattan office-to-residential conversions are on track to start 9.5 million SF in 2026 — more than double 2025’s pace and nearly twice the city’s last peak in 2008.”

Cushman & Wakefield, December 2025

“Brooklyn closed $6.6 billion in commercial trades across 1,191 deals in 2025 — development-site volume alone rose 24% year-over-year to $1.1 billion.”

TerraCRG 2025 Brooklyn Market Report, January 2026

“Palm Beach County commercial sales surged 80% year-over-year in Q1 2026 to $650 million. Multifamily alone was up 121%, industrial 83%, retail 84%.”

MIAMI REALTORS® Q1 2026 South Florida Commercial Report, April 2026

“Manhattan Q1 2026 office leasing totaled 10.4 million SF — 41% above the 2020–2024 average. Availability has now compressed 540 basis points from the Q3 2024 peak.”

Avison Young Q1 2026 Manhattan Office Report

“Branded residences in South Florida command 25–35% premiums over comparable non-branded product — and hold value better through cycles.”

Branded residence market analysis, 2026
All research
Recent transactions

Representative assignments
across the practice.

See the full record →
Hospitality · Miami Beach
Boutique Hotel Repositioning
Art Deco boutique hotel sale on Collins Avenue with operator transition and brand flag reset.
Sell-side advisory[Year]
Redevelopment · Brooklyn
Development Site — Bushwick
Mixed-use parcel with air-rights assemblage and 485x pathway; sold to repeat developer client.
Sell-side advisory[Year]
Conversion · Lower Manhattan
Office-to-Residential Conversion
467-m eligible office asset with full program underwriting and targeted bid stack.
Sell-side advisory[Year]
Research

Four recurring franchises.
Published for the owners we work with.

Biweekly
The Conversion File
A line-by-line read on an active NYC office or hotel conversion — basis, program, 467-m math, the exit.
Monthly
NY→FL Capital Watch
The monthly ledger of New York private capital deploying into South Florida hospitality, condo sites, and branded-residence product.
Monthly
The Boutique Hotel Ledger
Sub-$75M hospitality comps across New York and South Florida. Per-key pricing, buyer type, operator decisions, flag economics.
Biweekly
Site Lines: Brooklyn & LES
Permit-level pipeline, $/BSF comps, FAR and air-rights activity for Bed-Stuy, Bushwick, East Williamsburg, and the Lower East Side.
Start a conversation

Working on a redevelopment,
hospitality trade, or a 1031
between New York and Florida?

Speak with the team