Oct. 4, 2017 | News
Eastern Consolidated Announces Sale of a Rare Upper West Side Corner Development Site to Extell Development for $80 Million
Eastern Consolidated has arranged the sale of a corner development site at Broadway and 96th Street on the Upper West Side to Extell Development for $80 million.
The property at 2555 Broadway offers up to ±151,056 buildable square feet with inclusionary air rights and is currently home to a two-story commercial building leased to Chase Manhattan Bank and formerly Gristede’s supermarket. Plans call for the building to be razed and the site combined with other components to create a larger assemblage for a mixed-use condominium project.
Peter Hauspurg, Chairman and CEO, and Brian Ezratty, Vice Chairman and Principal, exclusively represented the seller, a family-owned entity that has owned the building since the mid-1980s. Ezratty also procured the buyer. The analyst for the offering was Gary Meese, Senior Director of Financial Services.
“This prime corner property will be part of a larger assemblage that will include additional development rights from adjacent property owners,” Ezratty said. “The demand for development sites like this speaks to the continued strength of Manhattan’s condominium market, particularly on the Upper West Side where condos are trading for well over $2,000 per square foot.”
Sept. 7, 2017 | News
Eastern Consolidated Secures Prime SoHo Space for Celebrity Tattoo Artist Bang Bang
Celebrity tattoo artist Bang Bang, whose clients include Rihanna, Lebron James, Katy Perry, Miley Cyrus, and Justin Bieber, plans to open a second Manhattan location at 62 Grand Street after signing a lease arranged by Eastern Consolidated’s Retail Leasing team.
Senior Director and Principal James Famularo represented the landlord, and Associate Director Greg Goldberg represented Keith “Bang Bang” McCurdy in negotiating a 10-year lease for the space, which offers 12-foot high ceilings, 2,200 square feet on the ground floor, and 2,200 square feet on the lower level.
Goldberg initiated the search after seeing a request on Snapchat from tattoo artist JonBoy. He later learned that JonBoy would start working for Bang Bang after they secured a second location.
“Social media is playing a greater role in the real estate market today and I was pleasantly surprised to learn from JonBoy that he was looking for space for Bang Bang, the greatest tattoo artist in the world,” Goldberg said. “I spent several months showing Bang Bang locations in SoHo, but ultimately he decided on the space at 62 Grand Street.”