WATCH: David Schechtman on retail’s demise, his lawyer days and Meridian’s gender divide

TRD New York /
Jun.June 14, 2018 08:00 AM

It was the summer of 2005 and David Schechtman was holed up in a small room in Alabama late at night performing due diligence for a bankruptcy. One of the documents the then-DLA Piper attorney pored over was an account statement for a young real estate broker who was brokering a deal from the bankruptcy sale. It showed the broker’s salary, which was triple that of Schechtman.

“That was probably the straw that broke the camel’s back. I applied to be a real estate broker at my former firm just weeks later,” Schechtman said during an interview with The Real Deal’s Mark Maurer.

Schechtman is now one of the most active middle-market investment-sales brokers in New York City. He serves as senior executive managing director of Meridian Capital Group’s investment-sales division, which he joined upon launching in 2005. He previously worked at Eastern Consolidated for 10 years.

Schechtman’s team recently brokered the Gilardian family’s $110 million purchase of a Murray Hill rental building and Delshah Capital’s pending $100 million-plus purchase of 28 rental buildings.

In the interview, Schechtman also talked about the challenge of brokering retail deals, anti-tenant harassment legislation, President Trump, and the gender gap within the real estate industry and his own firm.

Video produced by Jhila Farzaneh. Interview conducted by Mark Maurer.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?

What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Vornado CEO Steven Roth with 1535 Broadway and 220 Central Park South (Getty, VNO, Google Maps)

Vornado sees $100M retail JV loss, $190M in 220 CPS gains

Vornado sees $100M retail JV loss, $190M in 220 CPS gains
Gov. Andrew Cuomo (Getty, iStock)

Commercial eviction and foreclosure ban extended until January

Commercial eviction and foreclosure ban extended until January
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
Travis Kalanick (Getty; iStock)

Travis Kalanick cooks up a real estate empire

Travis Kalanick cooks up a real estate empire
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

Nightingale buys Whale Square in Sunset Park for $84M
Investors worry that New York City’s battered commercial real estate sector is indicative of larger issues nationwide with hotels, restaurants and retail. (iStock)

New York’s CRE woes could spread nationwide: investors

New York’s CRE woes could spread nationwide: investors
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...