The Real Deal New York

Posts Tagged ‘icon realty management’

  • Marcus & Millichap's Joe Koicim and

    Marcus & Millichap’s Joe Koicim and 326-328 East 4th Street

    The New York City multifamily market is drawing interest from investors from all over the county. A South Carolina-based investor picked up a pair of East Village buildings from Icon Realty Management for $30.9 million.

    One of the buildings, a six-unit property at 82 Second Avenue, traded for $10.9 million, or $2,200 per square foot, one of the highest per-square-foot prices paid for an existing building in the neighborhood, according to listing brokers Peter Von Der Ahe, Joe Koicim, Sean Lefkovits and David Lloyd of Marcus & Millichap. [more]

  • Clockwise from top left: The Third Avenue block between 94th and 95th streets on the Upper East Side, 500 East 14th Street in the East Village, Gary Barnett, 425 Park Avenue in Midtown and Robert Lapidus

    Manhattan’s great builders are also its most fearsome destroyers. [more]

  • Renderings of 1562 Second Avenue (credit Isaac & Stern)

    Renderings of 1562 Second Avenue (credit Isaac & Stern)

    Work started up at Terrence Lowenberg and Todd Cohen’s Icon Realty Management’s two Second Avenue assemblages. [more]

  • Icon Realty Management's Terrence Lowenberg and Todd Cohen and

    Icon Realty Management’s Terrence Lowenberg and Todd Cohen and 350 West 71st Street

    Upper West Side landlord Icon Realty Management has landed in court over a deal it made with a now deceased tenant in a condo conversion. [more]

  • 1562 Second Avenue renderings

    1562 Second Avenue renderings

    Architecture firm Issac & Stern has filed permits for Icon Realty Management’s 1562 Second Avenue, offering new details about the prewar-style residence. [more]

    1 Comment
  • From left: Johnny Foxes, Nancy Lee's Pig Heaven and Cascabel eatery on Second Avenue between 80th and 81st streets

    From left: Johnny Foxes, Nancy Lee’s Pig Heaven and Cascabel eatery on Second Avenue between 80th and 81st streets

    Multiple business on the Upper East Side are closing to make way for a new development. [more]

  • From left: Wylie Dufresne, 50 Clinton Street and a dish at WD~50

    From left: Wylie Dufresne, 50 Clinton Street and a dish at WD~50

    Wylie Dufresne, one of the city’s most celebrated chefs, will be closing his Lower East Side restaurant to make space for a new development. [more]

  • 50-clinton

    50 Clinton Street

    Icon Realty Management filed plans with the Department of Buildings for a seven-story, 39,000-square-foot apartment complex on the Lower East Side. [more]

    1 Comment
  • t

    300 West 22nd Street

    Icon Realty Management has secured $33 million in financing for Chelsea’s GEM Hotel, replacing an initial $22 million mortgage closed in January of 2012.

    The first mortgage and mezzanine financing, arranged by Mission Capital Advisors and provided by Ladder Capital, was split between a CMBS loan with a 30-year amortization and an interest-only mezzanine facility, a source familiar with the negotiations told the New York Observer. Mission Capital’s Jordan Ray, Jason Cohen and Ari Hirt led the negotiations on the new debt, which closed on Feb. 28. [more]

    1 Comment
  • second-avenue

    152-154 Second Avenue and the funeral home site in the 1940s (Credit: Vanishing New York)

    Construction at the former site of an East Village funeral home has wrapped up and will soon give rise to high-end rental units and retail in its three additional floors. [more]

  • hygdgd

    From left: Jeff Kaye, Rob Morgenstern, Bob Knakal and 176 East 3rd Street

    Stone Street Properties, a real estate investment firm founded in 2011 by Jeffrey Kaye and Robert Morgenstern, spent most of its first two years buying up large portfolios of multi-family units from Manhattan landlords such as Robert Koppelman and Icon Realty Management. Recently, though, the start-up has been actively selling off some of its holdings. [more]

  • From left: Michael Shah, David Schechtman and 58-60 Ninth Avenue

    DelShah Capital has purchased a 10,839-square-foot Meatpacking District building for $18.2 million from Icon Realty Management, the company said today. The property is located at 58-60 Ninth Avenue, near 15th Street, and stands four stories. [more]

  • From left: Icon Realty Management's Terrence Lowenberg and Todd Cohen, ERG Property Advisors CEO James Kinsey and 58-60 Ninth Avenue

    Having just closed on the Malcolm S. Forbes townhouse in Greenwich Village for a 52 percent discount from its original asking price, Icon Realty Management’s Terrence Lowenberg and Todd Cohen have made another high-profile acquisition. The duo has purchased two adjacent mixed-use buildings at 58-60 Ninth Avenue, according to James Kinsey, CEO and partner at ERG Property Advisors, who represented the buyer and seller in the deal, the lower floors of which house celebrity restaurant hangout Pop Burger. [more]

    1 Comment
  • From left: Terrence Lowenberg, Todd Cohen and the Judith Rothschild home at 1110 Park Avenue

    Faced with pending litigation related to a 2007 contract on abstract painter Judith Rothschild’s former mansion at 1110 Park Avenue, the founders of Icon Realty Management, Todd Cohen and Terrence Lowenberg, and their fathers, have been forced to produce documentation proving they have not been shifting assets in an effort to avoid paying a $2.5 million judgment issued against them in 2009. [more]

    1 Comment
  • Upper West Side SRO sells for $19M

    April 09, 2012 06:00PM

    From left: exterior and interior shots of 342-350 West 71st Street

    An affiliate of property owner Icon Realty Management paid $18.5 million for three adjacent Upper West Side single-room occupancy buildings with a combined 365 units that had been used for years as an informal hotel. The purchase price was about half that offered by another buyer five years earlier. Much of the decline in value followed a May 2011 state law that bans renting rooms in Class A residential buildings for less than 30 days. [more]

  • From left: Terrence Lowenberg and Todd Cohen of Icon, Paula Del Nunzio of Brown Harris Stevens and the interior of the townhouse at 11 West 12th Street

    The mystery buyer of the Malcolm S. Forbes townhouse in Greenwich Village, which had been on the market since February 2011 and finally went into contract in January, has been revealed as New York-based real estate investment and operating firm Icon Realty Management, according to public records filed with the city today. [more]

    1 Comment
  • Stone Street Properties, a real estate investment firm recently formed by Gotham Organization alumnus Jeffrey Kaye and former Gumley Haft Kleier broker Robert Morgenstern, has acquired a small portfolio of five rental buildings in the East Village and the Upper East Side from Icon Realty Management, a representative from Icon confirmed. The deal, which has not yet hit public records, is valued at $90 million, Kaye said. Rockwood Capital is Stone Street’s equity partner in the deal, he said.

    The buildings, located at 176 East 3rd Street, 420 East 66th Street, 404 East 88th Street, 336 East 81st Street and 344 East 85th Street, are all five- or six-story elevator buildings and have been renamed by Stone Street as the Jesse, the Chase, the Hudson, the Lily and the Emma respectively, according to the company website.

    There were no brokers involved in the deal, Kaye said. … [more]


  • Robert “Toshi” Chan (credit: Brooklyn Paper) and Toshi
    property at 325 East 10th Street

    “The Departed” actor Robert “Toshi” Chan’s alleged illegal hotel empire is still going strong despite a new law solidifying statutes against transient occupancy, which went into effect in May. According to Chelsea Now, tourists are still staying illegally at 325 East 10th Street, 203 East 14th Street, 808 Drigg’s Avenue, 352 West 39th Street and 65 Bank Street. Despite those four Toshi properties being cited for violations earlier this year, Toshi’s general manager, Jason Montello, denied that the stays are illegal and claimed that the company had been unfairly victimized by the Bloomberg administration’s crackdown.

    1 Comment
  • Robert A.M. Stern sues Icon Realty

    April 29, 2009 06:03PM
    alternate textRobert Stern, corner lots at 80th Street and Second Avenue

    Robert A.M. Stern Architects, the high-profile architectural firm behind 15 Central Park West, claims in court papers that a pair of young developers who planned to build a condo tower in Yorkville owes the firm nearly half a million dollars in unpaid design bills. Stern’s company alleges that it signed a preliminary retainer agreement last May with developers Terrence Lowenberg and Todd Cohen, of Icon Realty Management, to be the lead designer for a new condo to be built at the northeast corner of East 80th Street and Second Avenue, a lawsuit filed April 24 in Manhattan State Supreme Court says. The properties, from 1538 to 1544 Second Avenue, amount to a 10,000-square-foot site.