Miller, Schechtman Named Executive Managing Directors at Eastern Consolidated
Posted January 12, 2012
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Alan P. Miller and David Schechtman, Esq. have been promoted to executive managing directors at Eastern Consolidated. Both principals of the firm, they were formerly senior directors.
A veteran real estate professional with 28 years in the business,. Miller (49) joined Eastern Consolidated in 1999. He has been involved in more than $1.5 billion in transactions during his 12 years at Eastern, of all product types including the sale of hotels, development sites, residential conversions, commercial loft buildings, parking facilities, outdoor signage, 421-a tax certificates and inclusionary bonus air rights.
Among his recent noteworthy transactions are the $37.9 million sale of 401 West 56th Street, a residential building; the $51.5 million sale of 5 Hanover Square, a 330,000-square-foot office building; and the $41.1 million sale of 386 Park Avenue South, also a 260,000-square-foot office property.
In 2008, Mr. Miller was honored as Eastern's "Broker of the Year" and in 2001 he was Eastern's "Most Promising Broker of the Year."
Earlier in his career he worked with The Carlton Group and prior to that he was with Stonehenge Partners, where he assisted the managing partner in the analysis of potential purchases of investment properties in Manhattan. He is a member of The Real Estate Board of New York, a governor of the National Realty Club, and a member of both YM/WREA and the Urban Land Institute. He graduated from the University of Massachusetts with a degree in economics.
David Schechtman, Esq., (37) was named Eastern's "Broker of the Year" in 2011 and "Most Promising Broker" in 2006. During his six-year tenure with Eastern, Mr. Schechtman has completed more than $2.4 billion of transactions, most recently in the area of mortgage note sales. His clients include venerable institutions including U.S. Bank, Capital One, The Parkoff Organization and Aion Partners among others.
Among his most recent transactions are the sale of the parking lot next to Mario Batali's Eataly at 39-41 West 23rd Street for $19.6 million; the residential building at the corner of Broome and Mercer for $17.3 million; the retail and residential buildings which house Nike at 21-27 Mercer Street for $18 million; and 57-63 Greene Street for $17.5 million.
Prior to joining Eastern, Mr. Schechtman practiced law with DLA Piper LLP, where he acted on behalf of clients in commercial and property litigation and bankruptcy, negotiating a diverse array of complex settlements on behalf of both major corporations and individual property owners. He is a member of the Real Estate Board of New York, 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 and the New York Institute of Credit. He is a graduate of the University of Delaware with a degree in political science, and he earned his Juris Doctor degree Magna Cum Laude from the Benjamin Cardozo School of Law.
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