The Real Deal New York

Posts Tagged ‘eastern consolidated’

  • 117 West 21st Street NYC

    From left: Alfa’s Michael Namer, 117-119 West 21st Street and Brian Ezratty

    The Amirian Group’s David Amirian picked up an empty four-story Chelsea commercial building for $28.5 million, with plans to convert it into condominiums. [more]

  • Ben Tapper and Adelaide Polsinelli

    From left: Ben Tapper and Adelaide Polsinelli

    Chicago-based L3 Capital and Bethesda-based ASB Real Estate Investments closed on a portfolio of 16 Williamsburg properties for $86 million that were being sold by the estate of investor Mike Lee.

    The portfolio consisted of 13 buildings and four vacant lots, all located between Berry Street and Kent Avenue between North Sixth and North Seventh Streets, close to the center of the action in Williamsburg. [more]

  • hotel-verite

    893 Broadway in the Flatiron District and Adelaide Polsinelli

    A four-story mixed-use building in the Flatiron District and the leasehold interest of the hotel component has sold for $35 million, or $2,000 per square foot, in one of the priciest property deals on a per-square-foot basis along that Broadway strip to date, The Real Deal has learned.

    A Manhattan-based investor identified only as Cholla LLC acquired both the 17,500-square-foot, L-shaped property at 893 Broadway, or 13 East 19th Street, and the leasehold interest for Hotel Verite. The price of $2,000 per square foot includes the hotel on the floors above the retail. [more]

  • 41 Flatbush Avenue

    41 Flatbush Avenue

    Quinlan Development Group and Building & Land Technology jointly paid $89.4 million for a Brooklyn storage facility at 41 Flatbush Avenue in Downtown Brooklyn.

    Prudential Real Estate and Extra Space Storage are the sellers of the 230,000-square-foot property, located between Lafayette Avenue and Fulton Street. And while the rest of Downtown Brooklyn is seeing an influx of residential projects rather than new office buildings, Quinlan partner Tyler Wilkins told the Wall Street Journal that the developer is choosing to create 257,000 square feet of office space at the location. [more]

  • 433

    From left: Ben Ashkenazy, 433 Fifth Avenue in Midtown (center) and David Schechtman

    Ben Ashkenazy’s Ashkenazy Acquisition is asking $30 million for a six-story Midtown commercial building. The 17,000-square-foot property at 433 Fifth Avenue, between East 38th and 39th streets, houses jewelry retailer Prima Donna on the ground floor and five full-floor office suites above it. [more]

  • From left: 250 Lafayette Street in Soho, T.F. Chen and Peter Carillo

    From left: 250 Lafayette Street in Soho, T.F. Chen and Peter Carillo

    UPDATED, Feb. 5, 3:03 p.m.: The Chen Foundation — a landlord affiliated with the T.F. Chen Cultural Center, a nonprofit that promotes arts education — has put a six-story Soho mixed-use building on the market for $40 million, The Real Deal has learned. [more]

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  • 34-w-17th

    From left: 34 West 17th Street near Union Square, Gary Barnett and Ron Solarz

    Atkins & Breskin has picked up a 10-story commercial building at 34 West 17th Street – the latest property in Extell Development’s Ring portfolio to be sold – for $20 million, The Real Deal has learned. The Lower East Side-based real estate investment firm, led by Jerry Atkins, will convert the building into full-floor residential condominiums. [more]

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  • marion-jones-a-z

    From left: Marion Jones, Ackman-Ziff’s David Robinov and Simon Ziff

    UPDATED, 3:15 p.m., Jan. 23: Marion Jones, a top investment sales broker, has decamped to the Ackman-Ziff Real Estate Group from Eastern Consolidated to serve as as the firm’s senior director. [more]

  • 51-55-irving

    51-55 Irving Place in Gramercy Park (Credit: David Schechtman)

    The Rumpel family is asking $62.5 million for a six-story Gramercy Park rental building it has owned for about 50 years. [more]

  • restoration

    From left: 437-439 West 16th Street and David Schechtman

    The Kleinberg family, a private New York-based investor, is asking $52 million for a five-story Meatpacking District commercial building near the High Line, The Real Deal has learned. [more]

  • From left: Adelaide Polsinelli, Benjamin Tapper and 81-89 North 6th Street (Photo credit: Google)

    UPDATED, 12:03 p.m., Dec. 31: A collection of 17 properties clustered within two city blocks in the center of Williamsburg that includes a large retail component will likely sell for about $80 million, a broker marketing the property said. [more]

  • Robert Khodadadian

    Robert Khodadadian

    Robert Khodadadian and Eastern Consolidated, involved in an ugly legal tangle over commissions and alleged sexual harassment, settled both lawsuits related to the dispute.

    Khodadadian, once a broker at the agency, sued his former employer in August 2013, claiming he was owed commissions on $80 million worth of deals. In turn, Eastern Consolidated counter-sued for “breach of contract as a result of his alleged conduct in sending sexually explicit materials to a co-worker.” [more]

  • 22-12-Jackson2-Solarz

    Aerial photo of 22-12 Jackson Avenue (Photo credit: Microsoft) and Ron Solarz

    A residential development site in Long Island City near the 5Pointz project and MoMA’s PS 1 is asking $315 per foot, which would break price records for large sites in the area. [more]

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  • ipic-chain

    Renderings of iPic Entertainment facilities and Brad Cohen

    Movie theater chain iPic Entertainment is on the hunt for eight retail spaces in New York City and on Long Island to either lease to buy, The Real Deal has learned. [more]

  • urban-2

    From left: Peter Rebenwurzel (credit: Flickr), 2425 Nostrand Avenue in Brooklyn, Marion Jones and Lipa Lieberman

    Peter Rebenwurzel’s Coney Realty Group is in contract to buy a large Brooklyn-centric portfolio from Urban American Management for $236 million, The Real Deal has learned. [more]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]