NEW YORK CITY-Eastern Consolidated announced Wednesday that it has bestowed its broker of the year award to David Schechtman, Esq., executive managing director and principal. Referred to by the firm as “one of the commercial real estate industry's most recognizable and respected investment sales experts,” Schectman won the award after closing 24 deals worth more than $500 million in dollar volume.
Among the broker's 2012 deals were the recent $150 million trade of 344 W. 72nd St., the pre-war Chatsworth on the Upper West Side; the sale of the defaulted senior secured interest in a large portfolio of multifamily elevatored apartment buildings in Harlem for over $65 million; the defaulted mortgage sale of 22 Renwick Street for $16.4 million, the retail condominium at 57-63 Greene Street for $17.25 million; the 100,716-square foot residential development site at 545-551 West 48th Street for $23.5 million; and the 6,160-square-foot development site at 133-135 Greenwich Street for $28 million.
But Schectman's accomplishments go back farther than last year. In 2010, according to GlobeSt.com, he sat on a panel discussion, entitled “What's really happening?” at the Real Estate Board of New York's fall member luncheon.
He reminded those in attendance of a recent deal done by his company that almost fell apart but was pulled off after almost two years.“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,” says Eastern President Daun Paris in the company's announcement. “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 make him a star in an extremely competitive and challenging market.”
Schechtman regularly represents known 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.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
