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.”


Dec. 19, 2017 | News
Eastern Consolidated Leases Prime Greenwich Village Retail Space to International Restaurant Chain

The Famularo Team at Eastern Consolidated has arranged a 10-year, 1,776-square-foot retail lease at 820 Broadway in Greenwich Village for Paramount Fine Foods, a Canadian-based restaurant chain with over 40 locations that serves Mediterranean food in a casual setting. The ground floor space between 11th and 12th Streets will be Paramount’s first restaurant in New York City. Senior Director and Principal James Famularo and Associate Director Greg Goldberg represented the owner, and Famularo and Director Ravi Idnani represented Paramount Fine Foods. “My team brought this space to market in September, after it had been vacant for over two years, and we had a signed lease in three months,” Famularo said. “Through our marketing efforts, we generated a great deal of interest and received multiple offers, some over the asking price. Ultimately the landlord selected Paramount Fine Foods because of its track record as the fastest growing Middle Eastern Food chain in Canada with over 40 locations in Canada, Florida, Pakistan, and Lebanon.”


Dec. 7, 2017 | News
Eastern Consolidated Arranges Sale of Two Queens Multifamily Properties for $23 Million

Eastern Consolidated has arranged the sale of Hayes Court, two adjacent buildings with 56 residential units and six offices at 33-53 82nd Street and 33-54 83rd Street in Jackson Heights, Queens. The asset sold for $23 million. Ron Solarz, Executive Managing Director and Principal for Eastern Consolidated, marketed the property on behalf of the long-time owner, and procured the buyer, a real estate investment firm. The two, five-story walk-up buildings totaling ±54,624 square feet encompass a full block front and are situated on well over a half-acre site. The office spaces are occupied by a mix of dentists, doctors, and other professional tenants.

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