About

Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions – Investment Sales, Capital Advisory, and Retail Leasing – Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. 

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Our Services

Investment Sales

We take a holistic look at our clients’ investment properties and goals and tailor effective marketing strategies to achieve maximum returns.

Retail Leasing

Our Landlord/Tenant Advisory Services offer the greatest possible exposure for retail units, and match tenants with the right location and space.

Capital Advisory

We excel at creating the perfect capital stack for each client's project whether a ground-up development, value-add asset, or high-performing property.

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Latest News

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Jan. 3, 2018 | News
Eastern Consolidated Arranges $121.35 Million in Construction Financing for New Hotel in Chelsea

Eastern Consolidated’s Capital Advisory Division has arranged a debt and equity package totaling $121.35 million to finance the construction of a 45-story, 526-key hotel at 140 West 28th Street in Chelsea for the Mcsam Hotel Group led by Sam Chang. Adam Hakim, Managing Director, and James Murad, Director, handled the transaction, which includes a $97.5 million first mortgage with Bank of the Ozarks, and $23.85 million mezzanine construction loan from Square Mile Capital Management LLC. The deal is the 10th hospitality financing package arranged by Eastern Consolidated in the last 24 months, and fourth on behalf of the Mcsam Hotel Group. “Contrary to market trends, Eastern Consolidated has successfully placed $723 million in hospitality financing in the last 24 months, including $463 million on behalf of the Mcsam Hotel Group,” Hakim said. “Sam Chang is a proven sponsor and one of the largest hotel developers in the New York City, having completed the construction of over 70 ground-up hotels. No doubt this new hotel in Chelsea will be just as successful.”


Jan. 16, 2018 | News
Eastern Consolidated Arranges $130 Million Loan to Finance Conversion and Development of 30 Morningside Drive In Morningside Heights

Delshah Capital, LLC, (“Delshah”), a leading full-service commercial real estate investment and property management company, announced that it has entered into a $130 million construction loan with Square Mile Capital Management to finance the conversion of a five-building medical facility into a 205-unit, 200,215-square-foot luxury rental complex at 30 Morningside Drive in Morningside Heights. Eastern Consolidated’s Adam Hakim, Managing Director, and James Murad, Director, of the firm’s Capital Advisory Division, arranged the financing. “We are thrilled to have closed this loan which completes the financing necessary for the conversion and repositioning of this prime Manhattan site. We would like to extend our appreciation to Square Mile Capital Management for its collaboration and partnership, as well as Eastern Consolidated for arranging this loan with Square Mile,” said Michael Delshah, Principal and CEO of Delshah Capital. The buildings are currently undergoing a complete as-of-right gut renovation. Interior demolition and abatement have been completed, and the remaining renovation work is expected to take two years.


Jan. 12, 2018 | News
Eastern Consolidated Brings New High-End Restaurant to Midtown East

In less than two weeks, the Famularo Team at Eastern Consolidated arranged a 15-year, 2,500-square-foot retail lease for a new upscale Kosher restaurant at 211 East 46th Street just off Third Avenues in Midtown East. James Famularo, Senior Director and Principal, represented the landlord and procured the tenant, Chef Josh Kessler. “Josh is a very experienced extremely talented chef having previously worked for Danny Meyer of Union Square Hospitality and Mike’s Bistro, a Kosher restaurant,” Famularo said. “The space was so desirable that we leased it before we even started marketing it.” Famularo added, “The demand for Kosher food in the area is very strong. We were able to bring in the new restaurateur before the previous tenant, Tulsi, a Michelin starred Indian restaurant, handed back the keys. This is a terrific Midtown East location directly across the street from Sparks Steak House, next to the Lebanese American University, surrounded by luxury high-rise buildings, and less than two blocks from the United Nations.”

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