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EASTERN CONSOLIDATED ARRANGES $61 MILLION SALE OF TWO APARTMENT BUILDINGS

NEW YORK CITY — Eastern Consolidated has arranged the sale of two apartment buildings located on the Upper West Side of Manhattan, New York City, for $61 million. Located at 201 W. 92nd St. and 200 W. 93rd St., the buildings contain 134 rental apartments and 11 retail stores that total more than 10,000 square feet of space. The property encompasses an entire block of Amsterdam Avenue frontage between 92nd and 93rd streets. The Manhattan-based buyer plans to upgrade and re-tenant the vacant apartments, and lease the eight vacant stores in the buildings. George Moss, Deborah Gutoff and Paul Nigido of Eastern Consolidated represented the seller, a partnership involving Kent Swig of Swig Equities. Brian Ezratty, also of Eastern Consolidated, procured the buyer and negotiated the acquisition financing in a separate transaction with iStar Financial.

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