Eastern Consolidated’s David Schechtman and a stalled development site at 75 First Avenue
At least one of the projects on the city’s list of stalled development sites may soon be changing hands. Chinatrust Bank has named Eastern Consolidated as the exclusive broker in the sale of two non-performing commercial mortgages, at 75 First Avenue in Manhattan and 333 Fairmont Avenue in Jersey City. Originally slated to become residential condominiums, 75 First Avenue is now listed by the Department of Buildings as one of nearly 400 stalled construction sites in New York City. More
