The Real Deal New York

Posts Tagged ‘eastern consolidated’

  • 40-exchange

    From left: 40-42 Exchange Place in the Financial District, Lipa Lieberman and Jason Marin

    Brooklyn-based, family-run real estate firm Weiss Realty plans to put a 20-story office building at 40-42 Exchange Place in the Financial District on the market next week. Industry sources told The Real Deal the property is expected to sell for $140 million, based on neighborhood sales. [more]

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  • trophy

    From left: Andrew Scandalios, Peter Hauspurg, 5 Times Square and 450 Park Avenue in Midtown

    Sales of trophy office towers are fast fading from the New York City real estate market. Investment firms have turned their attention to buying residential buildings or looking for partial office-property stakes and off-market deals. [more]

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  • 110-112 Greenwich Street

    110-112 Greenwich Street

    Developer Hersel Torkian bought a 14-story building at 110-112 Greenwich Street for almost $53 million.

    The 66,500-square-foot building, located just south of the 9/11 memorial and the World Trade Center, has 60 market-rate apartments, according to the Wall Street Journal. Eastern Consolidated and Cresa brokered the sale.

    The property also comes with roughly 6,600 square feet of retail space and 30,000 square feet of commercial air rights, according to the newspaper. [more]

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  • schechtman

    26-15 Brooklyn-Queens Expressway in Queens, and David Schechtman

    Luxury watchmaker Bulova has listed its headquarters in the Queens neighborhood of Woodside for $30 million. [more]

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  • 77-bowery

    From left: 77 Bowery in Chinatown, Jonathan Zamir and David Schechtman

    UPDATED, 3:08 p.m., Oct. 6: Jonathan Zamir’s Keystone Equities has put the seven-floor office condominium component of the East West Bank building in Chinatown on the market, The Real Deal has learned. The property is expected to sell for as much as $30 million, according to sources close to the deal.  [more]

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  • Radegast Hall at 113 North 3rd Street

    Radegast Hall at 113 North 3rd Street

    Joel Schreiber’s Waterbridge Capital is in contract to lay out $100 million to buy multiple properties on North Third Street, including the buildings that house the popular beer garden Radegast Hall and brunch hotspot Egg, The Real Deal has learned. The investment firm will pay nearly $1,000 per square foot for the properties, its boldest bet yet on one of the city’s hippest neighborhoods. [more]

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  • Hauspurg-Schechtman-Jones-Nostrand

    From left: Peter Hauspurg, David Schechtman, Marion Jones and 2425 Nostrand Avenue (Photo credit: Google)

    Urban American Management, one of the city’s leading private equity-backed real estate investment firms during the mid-2000s boom, is listing for sale a mega Brooklyn-focused apartment portfolio likely to trade for more than $200 million. [more]

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  • 321 East 60th Street

    321 East 60th Street

    The investment firm that bought a portfolio of Lenox Hill properties three years ago that had been amassed by a late plumber baron is looking to sell off a parking lot at the foot of the Queensboro Bridge for $14.6 million. But what the development site lacks in charm, it makes up for with the potential to generate bonus air rights that could be worth tens of millions of dollars. [more]

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  • ash

    From left: 1424-1428 Lexington Avenue, Ben Ashkenazy and Lipa Lieberman

    Ashkenazy Acquisition Corporation continues to plow through the Upper East Side with the purchase of a five-story rental building in Carnegie Hill, brokers told The Real Deal. [more]

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  • anton-scandalios

    From left: Eric Anton and Andrew Scandalios

    Long-time property broker Eric Anton, who was most recently with the New York office of capital markets firm Brookfield Financial, is starting today with the local office of the national brokerage HFF, Anton told The Real Deal.

    Anton, 45, is joining HFF as a senior managing director after three years at Brookfield. Anton spent most of his brokerage career at one of New York City’s largest local brokerage firms, Eastern Consolidated, where he started in 1998. [more]

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  • 4-6-west-37th

    From left: 4-6 West 37th Street, David Schechtman and Steven Zimmerman

    UPDATED, 10:40 a.m., June 27: State Bank of Texas CEO Chan Patel and his sons, Sushil Patel and Rajan Patel, acquired a pair of six-story Garment District office buildings for $20 million. The Dallas-based hotel development and banking family plans to raze the structures and construct a limited-service hotel on the site, a broker told The Real Deal.

    The properties at 4-6 West 37th Street, between Fifth and Sixth avenues, are nearly 44 feet wide. Both buildings have 2,000 square feet of ground-floor retail and roughly 9,500 square feet in office space.  [more]

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  • Haus-Sch-61-Knak

    From left: Peter Hauspurg, David Schechtman, 61-63 Crosby and Robert Knakal

    The owners of a 19th-century, four-story cooperative residential and retail building in Soho have banded together to offer their property for sale. Brokers familiar with the property estimated it could sell for $50 million. [more]

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  • mercer-premier

    25-27 Mercer Street and Premier’s Uzi Ben Abraham

    Premier Equities and Thor Equities jointly closed on the $22 million purchase of a pair of Soho mixed-use buildings from East End Capital.

    The five-story mixed-use building at 25 Mercer Street and the three-story, 10-unit building at 27 Mercer Street were officially sold Friday as part of a $33 million portfolio. Sportswear retailer Surface to Air occupies the ground floor of 27 Mercer. The five-story manufacturing building at 21 Mercer, which houses a stand-alone Nike Sportswear store on the ground floor, sold separately for $11 million to Thor and Premier late last year. All three properties entered contract last June, as The Real Deal reported. [more]

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  • David Schechtman

    David Schechtman

    From the May issue: David Schechtman is a principal and executive managing director at the commercial brokerage Eastern Consolidated. He started his career as a bankruptcy lawyer at DLA Piper, but in 2005 joined Eastern Consolidated, where he’s done 267 deals totaling $4.4 billion, the largest of which was the 2007 sale of 344-352 West Street for $215 million. [more]

    2 Comments
  • From left: Adelaide Polsinelli and 145 East 125th Street

    From left: Adelaide Polsinelli and 145 East 125th Street

    A six-story Harlem building owned by the Kessner family is on the market for $29 million. [more]

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  • From left: 106-108, 114 and 118 Ridge Street on the Lower East Side

    From left: 106-108, 114 and 118 Ridge Street on the Lower East Side

    A contiguous trio of mixed-use properties are on the market on the Lower East Side for just under $60 million. [more]

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  • From left: David Schechtman, the Tribeca Film Festival building at 13-17 Laight Street and Zach Vella

    From left: David Schechtman, the Tribeca Film Festival building at 13-17 Laight Street and Zach Vella

    The headquarters of the Tribeca Film Festival is being shopped around for $105 million, after trading hands for just $56 million at the end of 2012, The Real Deal has learned. [more]

    8 Comments
  • meserole

    12-16 Meserole Street in Brooklyn

    A family of institutional investors is asking $22 million for a portfolio of four properties in Williamsburg.

    The Lefkowitz family developed a string of five-story residential buildings at 12, 14, 16 and 18 Meserole Street about nine years ago. The sites are renting at 25 percent below market rate, Crain’s reported. Eastern Consolidated is marketing the buildings. Just last week, Sterling Equities bought a 61,000-square-foot Williamsburg multi-family rental building at 76-80 Meserole Street from Cornell Realty Management for $36 million, as The Real Deal reported. [more]

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  • meserole

    76-80 Meserole Street in Brooklyn (Insets: Fred Wilpon and Lipa Lieberman)

    Sterling Equities, led by New York Mets owner Fred Wilpon, bought a 61,000-square-foot Williamsburg multi-family rental building from Cornell Realty Management for $36 million, The Real Deal has learned. [more]

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  • From left: Adelaide Polsinelli, 250-254 East 112th Street, 256 East 112th Street and 258 East 112th Street

    From left: Adelaide Polsinelli, 250-254 East 112th Street, 256 East 112th Street and 258 East 112th Street

    Commercial brokerage Eastern Consolidated has been tapped to market three adjacent corner properties along Second Avenue at 112th Street in East Harlem, The Real Deal has learned exclusively. [more]

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