NEW YORK CITY—Eastern Consolidated has promoted Benjamin Tapper and Peter Carillo to principal. In addition to their brokerage roles as senior directors, both executives also will have input now and contribute greatly to the firm's overall strategy and direction. They also will be more formally involved in assisting with the development of the firm's associate brokers.

Tapper focuses his primary efforts on Brooklyn and Manhattan, specializing in residential and mixed use properties, as well as development sites. Tapper works on complex transactions, such as IMD properties, estate sales, assets owned by C and S Corp entities as well as nonprofits. Tapper coordinated the $18.3 million sale of the Ackerman Institute at 149 E. 78th St., where Eastern Consolidated arranged for the nonprofit to dispose of its old home and acquire a new facility at 936 Broadway in the Flatiron District, adding significant capital to their endowment in the process.

Most recently, Tapper arranged the $90 million acquisition of 37-57 Flatbush Ave., one of the largest single-asset sales in Brooklyn history. In addition, he helped exclusively market and close the Lee Estate portfolio, which recently sold for over $100 million. The portfolio included an 18-property assemblage in the heart of Williamsburg, Brooklyn, one of the largest portfolios of lots ever offered simultaneously for sale in the neighborhood's history, as well as a triple-net leased supermarket in East New York.

Other notable properties Tapper has worked on include the sale of 131 Duane St., 143-155 Roebling St., 537-545 W. 27^th Street, and 3300 Netherland Ave., among others.

Meanwhile, Carillo has negotiated more than $1.3 billion in New York City real estate sales transactions throughout his career with a specialization in off-market and complex transactions across a wide variety of property types.

Among his career highlights, Carillo arranged the $225 million sale of a large East Harlem portfolio, a transaction involving 48 buildings, 1,141 residential units, and 58 commercial spaces. He achieved benchmark pricing for this portfolio sale and simultaneously helped a first time buyer—a UK institutional investor—enter the New York real estate market. This year Carillo closed the Kings Portfolio for $236 million, which consists of 15 buildings—1,434 units across 1.5 million square feet located in central Brooklyn & Staten Island.

Other record breaking transactions include the sales of 509 Fifth Ave., 401 W. 56th St., and most recently, 351-353 Canal Street.

“Ben and Peter are among our firm's most strategic and talented executives, as they constantly exceed expectations by closing notable deals,” says Daun Paris, president of Eastern Consolidated. “We are extremely happy to have them on our team and look forward to their additional contributions as Principals.”

Carillo's current list of exclusives includes 250 Lafayette St. in SoHo. Also known as 89 Crosby St., 250 Lafayette is a six-story, block-through, mixed-use, elevator building with 20,000 square feet of space, including ground floor and lower level retail, four floors of office/showroom space and a three-bedroom penthouse.

Instant Insights /

Eastern Consoldiated Names Two Principals

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