Brian Ezratty joined Newmark in 2018 to launch the company’s Private Client Group. Mr. Ezratty leads the group as a vice chairman from Newmark’s New York headquarters, with a focus on cultivating new client relationships and generating new opportunities for Newmark. He plans to further expand the company’s capital markets platform in New York City.
Prior to Newmark, Mr. Ezratty served as vice chairman of Eastern Consolidated, which had been one of New York City area’s largest investment sales brokerage firms until it closed in July 2018. Mr. Ezratty began his real estate career at Eastern Consolidated in 1985. Since then, he has arranged the sale of more than $14 billion worth of commercial real estate in every neighborhood in Manhattan.
Mr. Ezratty has exclusively represented an illustrious group of institutional investors, REITs and family offices including Atlas Capital, Bank of America, Bank of the Philippines, Bank of Tokyo, Barclays Business Credit, Battery Park City Authority, Blackacre Capital Group, BLDG Management Co., BRT Realty, CBS, Inc., Extell Development, JPMorgan Chase, Related Companies, RFR Holding Corporation, Rose Associates, SL Green, State Teachers Retirement System of Ohio, Sterling Equities and The Witkoff Group, among many others.
An expert in development transactions, Mr. Ezratty has arranged the sale of more than 100 development sites and assemblages in Manhattan. These transactions include sales of residential development sites on nearly every cross street in Chelsea after the neighborhood was rezoned.
Recently, Mr. Ezratty arranged an assemblage comprising three contiguous buildings at 30-36 East 29th Street and surrounding air rights to create a development site with a zoning floor area of 170,000 square feet, which he sold for nearly $100 million to the Rockefeller Group for a ground-up condominium project. Mr. Ezratty also sold a development site offering 111,216 buildable square feet at 139 East 56th Street to Hines and Welltower for $115 million, or over $1,000 per square foot, and a development site with 125,880 buildable square feet at 2555 Broadway to Extell Development for $80 million.
Mr. Ezratty has also sold major office buildings located throughout Manhattan, including 245-249 West 17th Street, a 287,000-square-foot office building that he sold twice and last traded for $335 million; 295 Madison Avenue, a 300,000-square-foot office building that sold for $180 million; 311-319 West 43rd Street, a 190,000-square-foot office building he sold three times, most recently for $107 million; 685 Third Avenue, a 600,000-square-foot blockfront office building; 28 West 44th Street, a 350,000-square-foot office building he sold twice; and 370 Lexington Avenue, a 312,000-square-foot office building he also sold twice.
Many of Mr. Ezratty’s office trades have been in the Financial District, including 250 Broadway, a 585,000-square-foot blockfront office building; 80-90 Maiden Lane, a 520,000-square-foot office building he sold twice; 100 Wall Street, a 475,000-square-foot blockfront office building; and 2 Rector Street, a 400,000-square-foot blockfront office building.
Mr. Ezratty’s noteworthy residential deals include the Nash at 222-232 East 39th Street, a 191-unit luxury apartment building; 245 East 19th Street, a blockfront 292-unit apartment building; 360 East 65th Street, a 157-unit residential property; and 303 East 83rd Street, a 32-story, 261-unit apartment building.
In addition, Mr. Ezratty has closed over 125 transactions in the parking industry for sales and/or leases of garages and parking lots throughout New York City.
Mr. Ezratty helped transform the Times Square area with several transactions, including the $118 million sale of a development site at 693-699 Eighth Avenue, which is now home to the Intercontinental New York Times Square hotel. He also saved the Ed Sullivan Theater and Office Building by convincing CBS to buy it for the Late Show with David Letterman, a deal which earned him the Real Estate Board of New York’s (REBNY’s) prestigious Most Ingenious Deal of the Year award.
More recently, Mr. Ezratty contributed to the recovery of Lower Manhattan after 9/11 by arranging the sale of a 350,000-square-foot office building at 90 West Street, which was heavily damaged in the attacks on the World Trade Center and later converted to residential use.
Mr. Ezratty graduated with honors from The Wharton School of Business at the University of Pennsylvania.