Ezratty and Ortiz of Eastern Consolidated complete $31m sale

In a deal that will soon result in the development of a 95,000 s/f, approximate 250-room hotel in Hudson Yards, a hotel developer has acquired 325 West 33rd St. from Glad Tidings Tabernacle Inc. for $31 million. Eastern Consolidated director Martin Ezratty with senior director Roberto Ortiz procured the buyer, while Karen Dome, Justdan Realty LLC, represented the seller, congregants of the on site three-story church property, which will be demolished to make way for the new hotel. John Sarcone Esq. from The Sarcone Law Firm PLLC acted on behalf of the seller, the buyer's attorney was unnamed. Founded in 1981, Eastern Consolidated has emerged as one of the country's preeminent full-service real estate investment services firms, combining an unrivaled expertise in the greater New York marketplace with a worldwide roster of institutional and private investor clients. Over the years, it has been responsible for the acquisition, disposition and finance of all types of properties, including office and apartment buildings, lofts, factories, hotels, shopping centers, commercial and residential development sites, taxpayers, parking garages and lots, retail condominiums and air rights transfers.