Schechtman of Eastern Consolidated wins Broker of Year; Closed 24 deals worth $500 million

Eastern Consolidated executive managing director and principal David Schechtman, Esq., one of the commercial real estate industry's most recognizable and respected investment sales experts, has been named Eastern Consolidated's Broker of the Year for 2012 after closing 24 deals worth more than $500 million in dollar volume. Among Schechtman's 2012 deals were the $150 million trade of the stunning pre-war Chatsworth on the Upper West Side; the sale of the defaulted senior secured interest in a large and valuable portfolio of multifamily elevatored apartment buildings in Harlem for $65.25 million; the defaulted mortgage sale of 22 Renwick St. for $16.4 million; the retail condominium at 57-63 Greene St. for $17.25; the 100,716 s/f residential development site at 545-551 West 48th St. for $23.5 million; and the 6,160 s/f development site at 133-135 Greenwich St. for $28 million. "From Uptown, Downtown, the outer-boroughs and beyond, David's extensive investment knowledge of New York's complex and diverse real estate market is second-to-none," said Eastern president Daun Paris. "Among his peers and clients, Schechtman is widely regarded as a leader in Manhattan and Brooklyn real estate deals and note sales. His dynamic personality, passion, tenacity and desire to succeed makes him a star in an extremely competitive and challenging market." Mr. Schechtman regularly represents venerable institutions like U.S. Bank, Capital One, The Parkoff Organization, Aion Partners and dozens more. He is a member of the Real Property Sections of the New York County Lawyers and the New York State Bar Associations, the Turnaround Management Association, the Mortgage Bankers Association of New York, the New York Institute of Credit and The Real Estate Board of New York. He donates his time to City Harvest, Northern Westchester Hospital, March of Dimes and Companions in Courage, Eastern Consolidated Founded in 1981, Eastern Consolidated is 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. ###