The Real Deal New York

Posts Tagged ‘eastern consolidated’

  • 1790 Third Avenue

    1790 Third Avenue

    An Israeli investor has closed on the purchase of a development site at 1790 Third Avenue, paving the way for construction of a new 52-unit residential rental building, The Real Deal has learned. [more]

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  • Eastern Consolidated's Peter Hauspurg

    Eastern Consolidated’s Peter Hauspurg

    The New York City real estate market may go up and it may go down, but it is never flat, according to Peter Hauspurg, chairman and CEO of Eastern Consolidated. more

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  • eastern-retail

    From left: Alexander Hill, Jeff Geoghegan, Ravi Idnani and James Famularo

    UPDATE, 5:00 p.m., Jan. 17: Brokers James Famularo, Alexander Hill, Jeff Geoghegan and Ravi Idnani have been recruited to head up Eastern Consolidated’s new retail leasing division, according to a release from the firm. The Midtown-based brokerage announced plans to assemble a retail leasing team, a little more than a year after it launched a retail investment sales group that is headed by senior director Adelaide Polsinelli, as The Real Deal reported in November. [more]

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  • From left: David Schechtman, Lipa Lieberman and 334-336 West 46th Street

    From left: David Schechtman, Lipa Lieberman and 334-336 West 46th Street

    A pair of Midtown buildings formerly controlled by real estate developer Ben Zion Suky, the right-hand man of embattled Rabbi Yoshiyahu Pinto, sold at auction to Solly Assa’s Assa Properties for $9.5 million, The Real Deal has learned. [more]

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  • Lipa Lieberman, Gabriel Saffioti and 160 East 117th Street

    Lipa Lieberman, Gabriel Saffioti and 160 East 117th Street

    Upper Manhattan landlord Moshe Gold of East Harlem Developers sold two eight-story rental buildings in East Harlem for a combined $23.5 million, The Real Deal has learned. [more]

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  • adelaide

    Adelaide Polsinelli and 1128 Third Avenue

    A building at 1128 Third Avenue near East 66th Street has sold for $9.5 million — a jump from the $6.5 million it fetched in 2010.

    Chicago-based investment firm L3 Capital handed off the 5,300-square-foot, four-story site to an undisclosed investor. Adelaide Polsinelli of Eastern Consolidated, who represented L3 Capital in the deal, said the 46 percent increase in price is part of the neighborhood impact of the upcoming Second Avenue subway renovation. [more]

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  • di-blasi

    From left: 112-21 Northern Boulevard in Corona and Gerald Caliendo’s proposed rendering

    Flushing, Queens-based development firm Fleet Financial Group, led by Yi “Richard” Xia, has acquired a triangular site in Corona, with plans to redevelop its 357,000 buildable square feet, The Real Deal has learned. [more]

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  • From left: 1217 47th Street, Gabe Saffioti, Nicole Rabinowitsch and 1314 46th Street

    From left: 1217 47th Street, Gabe Saffioti, Nicole Rabinowitsch and 1314 46th Street

    A portfolio of apartment buildings in Borough Park, Brooklyn has hit the market asking about $50 million, the brokers representing the seller told The Real Deal. [more]

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  • 320-west-37th

    From left: David Schechtman, 320-324 West 37th Street and Robert Franco

    Real estate investors Isaac Chetrit and Ray Yadidi are in contract to buy a 15-story loft office building in Hell’s Kitchen from the Albanese Organization for $37 million, The Real Deal has learned.

    The 100,000-square-foot building at 320-324 West 37th Street, between Eighth and Ninth avenues, features 93,244 square feet of office space and 7,000 square feet of retail space. There are a total of 28 commercial units, nearly all of which are currently leased. [more]

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  • Adelaide Polsinelli

    Adelaide Polsinelli

    Retail property sales hit $445 million in the third quarter, up three times from the first quarter of this year, according to a December market report from commercial brokerage Eastern Consolidated.

    Growing confidence among national, international and local buyers buoyed the numbers, Adelaide Polsinelli, senior director at Eastern Consolidated, said. She also pointed to the recent repeal of the so-called 80-20 rule, which capped residential co-ops buildings’ gross income from ground-floor retail at 20 percent, as giving the market supply a boost. [more]

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  • Peter-Hauspurg_-Daun-Paris-507x416

    From left: Peter Hauspurg and Daun Paris

    For the first time, the 32-year-old investment sales firm Eastern Consolidated is dipping its toes into retail leasing, industry sources said.

    The firm is assembling a retail leasing team, a little more than a year after it launched a retail investment sales group that is headed by Adelaide Polsinelli, a senior director at the firm. [more]

    1 Comment
  • schechtman-cafeteria

    161-165 West 17th Street and David Schechtman

    A six-story Chelsea building which houses hip celebrity eatery Cafeteria is set to trade to a local multi-family investment company for $37 million, or $696 a square foot, The Real Deal has learned.

    The property, at 161-165 West 17th Street, hit the market in July and was marketed by David Schechtman of Eastern Consolidated for $45 million. Schechtman declined to comment on the deal, saying only that the building was no longer available for sale. [more]

    3 Comments
  • 76-80-meserole-street

    76-80 Meserole Street (Inset: David Schechtman)

    Shifra Hager’s Cornell Realty Management is asking $38.5 million for a 61,000-square-foot Williamsburg multi-family rental building. [more]

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  • From left: Warburg's Gordon Roberts, 124 West Houston Street, David Schechtman and Alexander Erdos of Eastern Consolidated

    From left: Gordon Roberts, 124 West Houston Street, David Schechtman and Alexander Erdos

    A team of residential and commercial brokers is pairing up to market a multi-family building in Greenwich Village — the former home of conceptual artists Arakawa/Gins — as a potential development site, art production show house, or single-family home, priced at $22.5 million. [more]

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  • khodadian

    From left: Robert Khodadadian, 711 Madison Avenue and Adelaide Polsinelli

    Former Eastern Consolidated broker Robert Khodadadian, who was fired for allegedly sending a lewd video to a female intern, has beefed up his claims against his ex-employer, contending that the brokerage stiffed him on commissions for sales worth $80 million. [more]

    15 Comments
  • From left: Eastern Consolidated's Adelaide Polsinelli and 421 West 54th Street

    From left: Eastern Consolidated’s Adelaide Polsinelli and 421 West 54th Street

    A 12,327-square-foot retail condominium at the Hit Factory is up for grabs, asking $8.7 million, the broker marketing the property told The Real Deal exclusively. [more]

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  • From left: David Schechtman of Eastern Consolidated,145 Greene Street and Ben Askenazy

    From left: David Schechtman of Eastern Consolidated,145 Greene Street and Ben Askenazy

    Ashkenazy Acquisition, the Midtown-based real estate firm headed by young mogul Ben Ashkenazy, snapped up a prime Soho retail condominium, a broker involved with the deal told The Real Deal. [more]

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  • madison-realty

    From left: Adelaide Polsinelli and 2012-2018 Broadway

    Brooklyn real estate investor Isaac Shalom of landlord Madison Realty Management shelled out $17 million for a partial stake in a 72-year leasehold at an Upper West Side building where the rent is far below market rate.

    Shalom’s plan is to raise rents closer to the $350 per square foot that neighboring tenants pay. The tenants at 2012-2018 Broadway, near West 69th Street – including Nanoosh Mediterranean, Dan Japanese Restaurant and a nail salon – all pay less than $200 per square foot. There is 2,200 square feet of ground-floor medical offices and 4,500 square feet of retail. [more]

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  • 351-canal

    351 Canal Street and Eastern’s Peter Carillo

    A five-story mixed-use building in Soho has changed hands for $24.75 million.

    Eastern Consolidated brokered the sale of a prewar, cast-iron property at 351 Canal Street, delivering it completely vacant. About 85 percent of the tenants had been on a month-to-month lease or had termination clauses that were effective upon the potential sale of the building. Tunnel Holdings LLC owned it for 70 years. [more]

    3 Comments
  • From left: Adelaide Polsinelli and 2202-2210 Third Avenue

    From left: Adelaide Polsinelli and 2202-2210 Third Avenue

    Eastern Consolidated has taken on the marketing of a 30,000-square-foot East Harlem site owned by mayoral candidate John Catsimatidis, according to city records, in Harlem that is occupied by Rent-A-Center through 2015. [more]

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