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A distinquished heritage of record-breaking deals.

Our Services

Investment Sales

Eastern’s overall strategy is to channel its deep experience and longstanding relationships in the marketplace to identify trends and implement effective and creative selling strategies for our clients.

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Retail Leasing

Retail Leasing Services gives you access to thousands of listings for premier retail stores, bars, lounges, and restaurants. 

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Capital Advisory

Capital Advisory Services complements Eastern Consolidated’s Investment Sales Services to originate and deliver commercial real estate debt and equity transactions.

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Selected Featured Properties
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Sale
New Korea Village
150-24 Northern Boulevard
150-24 Northern Blvd Flushing, Queens, New York

$32,000,000

Luxury, Class A 3-story plus mezzanine shopping mall with parking facility encompassing 65,000 square feet in one of most vibrant and fastest growing submarkets in NYC.

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Sale
New 41-60 Main Street 41-60 Main Street Flushing, Queens, New York

$90,000,000

World class 3-story, 92,500-sf, premier Queens office and retail “Flushing Landmark Building” in the heart of downtown Flushing with rare opportunity to own 250 feet of prime frontage.

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Sale
New 110 Greenwich Street 110 Greenwich Street New York, New York

$60,000,000

66,530 gross sf residential and retail property in one of the most sought-after locations in NYC, one block south of World Trade Center Memorial with tremendous redevelopment potential.

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Sale
New Borough Park Portfolio Borough Park Portfolio Brooklyn, New York

$50,000,000

Rare opportunity to purchase 4 multi-family buildings with 193 residential units in Borough Park, Brooklyn, easily accessible near transportation and neighborhood retail.

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Sale
New 159-161 Bleecker Street 159-161 Bleecker Street New York, New York

$45,000,000 

Ideally-located at the “front door” of NYU’s main campus at Washington Square and in the heart of Greenwich Village, just two blocks south of Washington Square Park.

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Sale
New The Ridge Street Portfolio The Ridge Street Portfolio New York, New York

$59,000,000

Well-positioned 64,000 SF corner mixed-use portfolio in one of Manhattan’s hottest neighborhoods, the Lower East Side.


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Lease
New 106 Reade Street 106 Reade Street New York, New York

TriBeCa retail opportunity between West Broadway & Church Street.

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Lease
New 695 Ninth Avenue 695 Ninth Avenue New York, New York

Hell's Kitchen prime corner retail space available.

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Lease
New 188 Seventh Avenue 188 Seventh Avenue New York, New York

Prime Chelsea retail space on the corner of West 21st Street.

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Lease
New 56 East 34th Street 56 East 34th Street New York, New York

Prime retail opportunity in Midtown Manhattan.

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Lease
New 425-427 Seventh Avenue 425-427 Seventh Avenue New York, New York

Prime retail available between West 33rd and West 34th Streets.

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Lease
New 269 West 23rd Street 269 West 23rd Street New York, New York

Prime retail opportunity available in Chelsea.

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Property Search

Search for properties available for sale and for lease in New York City.

For Sale For Lease

Career Opportunities

Eastern has positions that allow you to grow and prosper. Become part of the fabric and history of New York City!

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Ideas & Insights

Blog

The Allure of Food Halls

Alexander Hill - Friday, April 25, 2014

More than ever before, New Yorkers are expecting an experience and a story from the restaurants and markets they frequent.  It comes as no surprise that the top culinary destinations are showcasing international design, local neighborhood history, and vintage ambiance more than ever before. Imagine being surrounded by top chefs at work in open-kitchens, creating the world’s finest cuisine with fresh ingredients and fiery aromas … now that smells like a recipe for success! New Yorkers want to be a part of an exceptional, one-of-a-kind experience unique to the Big Apple. Restaurateurs and Landlords are answering this call with the growing influx of food halls as the next Retail food trend.   

Similar to the classic international concept, these upscale dining centers feature gastronomy from top chefs with distinctive offerings and a plethora of options at our fingertips. The selections are chef-driven, presenting the best of each cuisine, all under one roof. Equipped with communal seating, diners can share a table in a relaxed social setting that encourages collective conversation.

"New York City is a real foodie town, so it comes as no surprise that there is growing popularity of high quality and chef-driven Food Halls. Food Halls are a great way for restaurateurs to promote their brand and expand their concept without all the overhead usually associated with opening and operating stand-alone restaurants."
Andrew Rigie, Executive Director, New York City Hospitality Alliance

Customers are placing huge importance on knowing where their food is coming from and if it satisfies an ever-growing list of dietary restrictions and specific diets (gluten-free, vegan, low-sodium, Paleo, etc.). People are very specific about what they want, don’t want, and what they will ingest these days; therefore restaurants and markets must adapt to accommodate these particulars. The popularity of the open-kitchen has evolved into the food hall, now comprised of several differing open-kitchens and an eclectic variety of offerings.  We are seeing more restaurants go the extra mile to highlight the story and origin of food, its creators, and preparation.

With Eataly and the Plaza Food Hall having set the bar years ago, we are seeing more and more variations of the food hall concept. Some examples include Brookfield’s World Financial Center, The Gotham West Market, and the lease just signed by Urban Space (the food hall manager behind Mad. Sq. Eats, Broadway Bites and Dekalb Market), whom has signed a long-term lease for 10,000 square feet of retail space at 230 Park Avenue (set to open in early 2015).

“With rents at an all-time high, this model has taken off by consolidating concepts to smaller footprints versus the larger traditional freestanding restaurant. While the offering of multiple cuisines started with midtown delis, restaurateurs have found a way to adapt this model to a higher-end operation that creates multiple revenue centers within one space. This has lowered the price per square foot overhead and allows people access to a much wider variety of food within one space.”
Greg Grossman, Principal, Culinaria Group

Many of the elements of the food hall are already present and successful in NYC retail. For example, Le Pain Quotidien was an innovator with communal tables, small plates, and a variety of takeaway options. The restaurant industry has heard the consumer’s demands and are evolving to meet these needs as fast as the economy will allow. Food halls are undeniably the next step in the evolution of the NYC restaurant experience.

Alexander Hill, Senior Director of Eastern Consolidated’s retail leasing division expertly negotiates terms for both landlords and retailers—and has completed transactions totaling over 300,000 square feet of retail space throughout the city.

ahill@easternconsolidated.com

125th Street: Harlem’s Catalyst for Growth

Ian Rudowski - Monday, January 13, 2014
An integral component of being a broker in New York City is observing and recognizing the transformation of a neighborhood. For instance SoHo, coined “Hell’s Hundred Acres” in the 60’s, is now the retail capital of the city fetching over $1000 per square foot for mixed-use property. Every revitalized neighborhood has a different story, but few have greater influence on the evolution of New York City as a whole than Harlem. 125th Street is a neighborhood that has led Lower Harlem in its charge towards prominence.

Anchored by the famous Apollo Theater, 125th street is a hotbed for new development and commercial investment. A wealth of projects have come to surface such as Columbia University’s new Manhattanville campus at 609 West 125th Street, the mixed-use Victoria Theater at 237 West 125th Street, and Whole Foods at 100 West 125th.  This will culminate in an additional one million square feet of commercial space for 125th Street. Multi-family values on 125th street and surrounding neighborhoods have averaged $300 per square foot. 

Demand for property in Lower Harlem is higher than any period in New York City history, and owners contemplating disposition would be wise to test the market. Eastern Consolidated is very active in the area, and consulting an Eastern broker can ultimately achieve the highest price for your asset. 

Ian M. Rudowski is an Associate Director at Eastern Consolidated specializing in the sale and acquisition of commercial property types with a special emphasis on multifamily properties in the boroughs.

Multifamily Today, Single Family Tomorrow

Chad Sinsheimer - Thursday, September 05, 2013

Developers are coming up with new and innovative ways to help meet the seemingly insatiable appetite for housing stock in New York City. I have been getting numerous requests from clients seeking existing multifamily homes that are vacant or can be delivered vacant in the not too distant future. With a little hard work and creativity these buildings can be readily converted into condos or single family residences. The potential to tap into New York City’s hottest real estate sector is driving prices for these types of buildings through the roof!

For example, I am exclusively marketing a building at 219 West 71st street that is currently configured as a five family townhouse. While the building is fully occupied, all of the tenants’ leases are free market and the building can be delivered vacant by October of 2014. In the first week on the market I had an offer of over $1000 per square foot on the building which is close to double what the building might fetch if it continued on as a multifamily. With single family homes in the area trading as much as $2500 per square foot it’s not hard to see why this building is so much more valuable vacant.

This trend is not just limited to the Upper West Side. With the shortage of development sites citywide, (potentially) vacant buildings that can be converted into residences are in high demand. If you are the owner of such a building contacting a broker to see what the building is worth could be in your best interest. The results may surprise you.

Chad Ian Sinsheimer is an Associate Director at Eastern Consolidated, specializing in the sales and acquisition of all commercial property types in Manhattan with a special emphasis on the Upper West Side and Harlem.

Featured Reports