I thought it looked '87/88ish. if it fits your buddy sell it for $200 outright and put the money towards this
http://www.bikesdirect.com/products/.../clockwork.htm
you'll need to assemble it but I think for the money the quality is great
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk