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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May 7, 2018 | News
Eastern Consolidated Secures $350 Million Loan to Finance Construction of Luxury Condominium in NoMad

Eastern Consolidated’s Capital Advisory Division has secured a $350 million construction loan for a 66-story luxury condominium project being developed by JD Carlisle Development Group and Fosun International at 126 Madison Avenue aka 15 East 30th Street in NoMad. The Eastern Consolidated team of Adam Hakim, Managing Director and Principal, James Murad, Director, and Andrew Iadeluca, Associate Director, arranged the loan with Bank of the Ozarks. Fried Frank acted as counsel on behalf of the joint venture between JD Carlisle Development and Fosun Property. The Fried Frank team included real estate partners Jon Mechanic and Nathaniel Lifschitz and real estate associates Danielle Frank and Shelby Smith. Designed by the award-winning architectural firm Handel Architects, the 199-unit tower will total 400,408 gross square feet and include 4,093 sellable square feet of retail and 290,953 sellable square feet of residential space. The building will feature such high-end amenities as an indoor pool, private party room, dining room, lounge, fitness center, and full-time doorman. “We were very pleased to be able to secure this loan for Fosun International and JD Carlisle, which is one of the most recognizable, generational developers in New York City,” Hakim said. “JD Carlisle’s track record of successful projects, including a new rental development a block away, made this project particularly attractive to the lender.”


April 26, 2018 | News
Eastern Consolidated Arranges $65 Million Acquisition Loan for Block-Through Development Site on Astoria Waterfront

Eastern Consolidated’s Capital Advisory Division has arranged a $65 million first mortgage to finance the acquisition of a block-through waterfront development site with a zoning floor area of 522,132 square feet at 30-77 Vernon Boulevard aka 30-80 12th Street in Astoria, Queens. Adam Hakim, Managing Director and Principal, and James Murad, Director, secured the loan from Mack Real Estate Credit Strategies, LP on behalf of the borrower, Cape Advisors and Wainbridge Capital. The project is anticipated to include approximately 770 affordable and market rate apartments in five buildings on the site including parking and a full amenity package with retail, indoor and outdoor lounges, a large fitness center, multipurpose room, and a common landscaped rooftop with sweeping views of the East River and Manhattan. The site is ideally located a 2-minute walk to the Astoria Ferry Terminal, which offers a 24-minute ride to 34th Street and 35-minute ride to Wall Street with stops at Long Island City and Roosevelt Island. The property also is a 12-minute walk or short shuttle ride to two N and W subway stations.


April 17, 2018 | News
Eastern Consolidated Negotiates Lease for Thai Restaurant on Manhattan's Restaurant Row

The husband and wife team behind Land Thai Kitchen and Pure Thai Cookhouse will be opening a new authentic Thai restaurant called Talad Wat featuring a menu comprised of the healthy, farm-to-table dishes they loved while growing up in a village outside of Bangkok. James Famularo, Principal and Senior Director at Eastern Consolidated, negotiated the 12-year, 2,000-square-foot ground floor plus basement space at 714 Ninth Avenue on behalf of the landlord and restaurateurs David and Vanida Bank, who have owned and operated Land Thai Kitchen for 12 years on the Upper West Side and Pure Thai Cookhouse for seven years in Hell’s Kitchen. “David and Vanida have a passion for preparing authentic food from their homeland, which has been the secret to their success,” said Famularo, who has arranged more than 20 leases for eateries on Ninth Avenue. “They have a devoted following at their existing restaurants, and I have no doubt that their new restaurant concept will be welcomed enthusiastically.” Talad Wat, which means Temple Market, will serve meals like the ones Vanida’s grandmother brought to dinners at their temple in Ratchaburi where she grew up and where her family has owned and operated a noodle shop for three generations. A desire to return to their roots, is prompting the couple to look for older, more experienced workers like Vanida’s grandmother who know how to prepare foods in the old style.

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