Nov. 22, 2016 | News
Eastern Consolidated Awarded Exclusive to Sell Trophy Cooperative Building in SoHo
Eastern Consolidated has once again been retained as the exclusive agent to sell all of the shares in a cooperative building in SoHo. This time it’s a ±20,261-square-foot, mixed-use building at 15-17 Greene Street with an asking price of $45 million.
Senior Managing Director and Principal Adelaide Polsinelli and Directors Michael Coghill and Evan Papanastasiou are the market-makers for this asset class in New York City and are handling the transaction on behalf of all of the co-op’s shareholders. Gary Meese, Senior Director, Financial Services, is the analyst for the deal. The ±40-foot wide, six-story elevator building at 15-17 Greene Street between Canal and Grand Streets was converted to a cooperative in the 1980s and contains ground floor retail and six residential loft co-op units on floors two through six. All loft units are currently occupied by shareholders and will be delivered vacant at closing. The commercial unit is presently vacant.
Nov. 14, 2016 | News
Eastern Consolidated Arranges Refinancing for Six Manhattan Properties in Two Transactions Totaling Nearly $33 Million
Eastern Consolidated’s Capital Advisory Division has arranged refinancing loans for six Manhattan properties in two separate transactions totaling nearly $33 million. Eastern Consolidated’s Jonathan Aghravi, Managing Director, and Charles Han, Associate Director, handled the loan placements with Amalgamated Bank. “We were very pleased to work with Amalgamated Bank and negotiate such attractive terms for our clients,” Aghravi said. “The loan officers went out of their way to offer creative solutions in both of these deals.”