News: Spotlight Content

2021 Ones to Watch: Yehuda Schuck, Eastern Equity Advisors

Name: Yehuda Schuck

Title: Managing director

Company Name: Eastern Equity Advisors -- an affiliate company of Eastern Union

What recent project, transaction or accomplishment are you most proud of?
As an affiliate of Eastern Union, Eastern Equity Advisors has long enjoyed an excellent reputation in the industry for delivering on the equity side of the financing equation. And for several years, I’ve been proud to play an active role in broadening our network of private equity funds, real estate funds, family offices, hedge funds and institutions. Last year, I was gratified to be tapped to lead the entire equity division. Since then, we’ve succeeded in maintaining and expanding our strong equity platform in support of our national client base. It’s also a matter of professional pride for me that—in almost every instance when we closed an equity deal—I had successfully secured the necessary equity.

Who was/is your mentor and how did s/he influence/help you in your career?
I give credit to Eastern Union founder Ira Zlotowitz. Not only has he helped me understand the dynamics of commercial real estate, but he is a also a great motivator of the entire Eastern Union team. Ira is a natural mentor, and he knows that his staff succeeds when our clients succeed.

What did you want to be when you grew up?
A basketball player

Top three things on your bucket list:
Own a large real estate portfolio; Run a marathon; Go to the Super Bowl

Favorite quote:
“I’ve failed over and over and over again in my life. And that is why I succeed.” – Michael Jordan

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but