The Real Deal New York

Posts Tagged ‘eastern consolidated’

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • From left: 462-490 Kent Avenue and Gabriel Saffioti

    From left: 462-490 Kent Avenue and Gabriel Saffioti

    A 3.75-acre industrial site in South Williamsburg that has been approved for residential development premiered three months ago asking $210 million – an amount that would top the record for a development site in the borough, set by the $185 million sale of the Domino Sugar factory last year. [more]

  • Hauspurg,-Khodadadian

    From left: Eastern CEO Peter Hauspurg, Robert Khodadadian

    The commercial brokerage firm Eastern Consolidated sued former agent Robert Khodadadian, claiming he sent a sexually explicit video to an intern, violating company policy. [more]

  • ezratty-arcade

    141 West 35th Street and Brian Ezratty

    The Kaufman Organization’s Kaufman Arcade building in Midtown South is on the market for the first time in over 60 years, the New York Post reported. The 198,000-square-foot property at 141 West 35th Street could command north of $90 million, sources told the Post.

    Kaufman tapped Eastern Consolidated’s Brian Ezratty and David Schectman to market the mid-block building that runs from West 35th Street to West 36th Street between Broadway and Seventh Avenue. [more]

  • At the desk of: Peter Hauspurg

    July 29, 2013 10:30AM

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    From left: Peter Hauspurg and 355 Lexington Avenue, where Eastern Consolidated is headquartered
    From the July issue: Peter Hauspurg has brokered a slew of impressive sales as chairman and CEO of Eastern Consolidated, the real estate investment powerhouse he founded three decades ago when he was only 30. And mementos of those many creatively executed deals — mixed in with family photos and even a piece of the Berlin Wall — adorn his corner office at the company’s 355 Lexington Avenue headquarters. [more]

  • From left: 131 Duane Street and Marion Jones and Ben Tapper of Eastern Consolidated

    From left: 131 Duane Street and Marion Jones and Ben Tapper of Eastern Consolidated

    One of Tribeca’s last cast-iron loft buildings that hasn’t been converted to condominiums has hit the market with an asking price of $21 million, The Real Deal has learned. [more]

  • From left: Deborah Gutoff, Paul Nigido, Gabriel Saffioti and 205-207 Eighth Avenue

    Two Chelsea mixed-use buildings have sold for $15.9 million after three months on the market, the New York Observer reported. Located at 205 and 207 Eighth Avenue between 20th and 21st streets, the buildings have 23 apartments and two retail spaces. [more]

  • 334-336 West 46th Street

    Eastern Consolidated is marketing a pair of distressed buildings on West 46th Street — New York City’s Restaurant Row — in an all-cash auction, the New York Observer reported.

    The starting bid for 334-336 West 46th Street — which is the subject of a Chapter 11 bankruptcy case — will be $9.25 million. The two adjacent four-story mixed-use buildings have a total of 9,299 square feet between them, with 10 residential rental units and a single ground floor commercial space currently occupied by the Irish pub O’Flaherty’s, whose lease expires next year.  [more]

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  • 511-515 West 36th Street

    Lalezarian Properties has paid $21.25 million for a commercial loft building in the Hudson Yards Special District, with plans to erect a residential rental development on the site, the New York Observer reported.

    The Lake Success, N.Y.-based company intends to raze the existing six-story, 37,929-square-foot structure at 511-515 West 36th Street and build on that lot, as well as adjacent parcels it already owns at 519 and 525 West 36th Street. [more]

  • From left: the exterior and interior of 121 Greene Street and Lipa Lieberman of Eastern Consolidated

    Two Soho retail properties — a condominium at 121 Greene Street and a co-op at 349 West Broadway — will hit the market today asking $35 million, The Real Deal has learned. The Greene Street building, between Prince and Houston streets, houses trendy eyewear purveyor Warby Parker’s first brick-and-mortar store, which opened last week. [more]

  • Peter Hauspurg
    of Eastern Consolidated

    Property prices are reaching record highs as developers make wild bids to claim available land, Crain’s reported. Eastern Consolidated, for example, had a client that lost out on a West 77th Street site when a competitor bid nearly 50 percent over the original price, insiders said.

    “There is a scarcity of good development land in Manhattan,” Peter Hauspurg, Eastern Consolidated’s chief executive, told Crain’s. “Pricing has almost now doubled from the peak of 2007.” [more]

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  • Barbara Byrne Denham

    The real estate industry lost more  jobs in March than any other sector of the workforce except government, shedding 1,200 in just a month, according to new figures released by Eastern Consolidated. Construction, in stark contrast, added 9,000  jobs from February to March, bolstered by the demand for construction post-Sandy, the numbers show.

    The report does not explain the drop in real estate jobs, although Eastern Consolidated’s chief economist Barbara Byrne Denham states that she fully expects the industry to recover the positions. [more]

  • From left: Michael Shah, David Schechtman and 58-60 Ninth Avenue

    DelShah Capital has purchased a 10,839-square-foot Meatpacking District building for $18.2 million from Icon Realty Management, the company said today. The property is located at 58-60 Ninth Avenue, near 15th Street, and stands four stories. [more]