NEW YORK CITY – Aggressively growing its commercial investment sales team, Eastern Consolidated today announced that Matthew Sparks (41), a fifteen-year investment sales veteran and widely known in New York real estate circles as a powerful negotiator and off-market specialist for high profile clients, has joined the firm as Senior Director. He previously served as Managing Partner at ERG Property Advisors.
Focusing on the purchase and sale of allproperty types throughout Manhattan, primarily on the Upper West Side and upper Manhattan, Mr. Sparks has negotiated more than $850 million in real estate transactions during his 15-year career. Among his noteworthy deals are:
The sale of the Marion Scott Portfolio, an 1,100-unit HUD portfolio consisting of seven properties located in upper Manhattan for $80 million;
The sale of 44 West 28th Street, a 141,000-square-foot 16-story loft office building for $51.5 million;
The sale of 56-58 Canal Street, a 60,000-square-foot landmarked loft building for $36 million;
The sale of 3621 Broadway, a 65,000-square-foot six-story elevator apartment building for $16 million;
The sale of 1321 and 1330 Fifth Avenue, two 113,000-square-foot, six-story elevator apartment buildings for $28 million.
Mr. Sparks’ current exclusives include 2411 Eighth Avenue, 1890 Seventh Avenue, 411 Manhattan Avenue and 2211 Third Avenue.
“Known for his diligent canvassing of targeted properties and submarkets, many on Manhattan’s Upper West Side and upper Manhattan, Matthew has an impressive track record in skillfully analyzing the financial angles of prospective deals on behalf of clients,” said Daun Paris, president of Eastern Consolidated. “He is a consummate professional and a great fit for our culture. We are delighted to welcome him to the fold.”
Immediately prior to joining Eastern, for the past three years Mr. Sparks has served as partner at ERG Property Advisors, a New York City-based full-service commercial brokerage company whose core activities are investment sales, mortgage brokerage and direct capital services.
Earlier, he was with GFI Realty, rapidly rising and ultimately leaving the firm 13 years later having achieved the post of managing partner and principal with hundreds of deals valued at over $700 million and working with some of the most dynamic players in the industry.
He studied accounting and finance at SUNY Old Westbury and is a member of the Real Estate Board of New York (REBNY).
Founded in 1981, Manhattan-based Eastern Consolidated is one of the country’s preeminent full-service real estate investment services firms, offering unrivaled expertise in the greater New York marketplace to an impressive worldwide roster of institutional and private investor clients. The 40-person team of brokers, who, combined, offer fluency in 11 languages, come from a wide diversity of entrepreneurial and professional backgrounds. With annual sales up to $4 billion, Eastern Consolidated focuses on the acquisition, disposition and finance of all types of properties.