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Icon Realty Management

419 Lafayette Street, 5th Floor
New York, NY 10003
(212) 675-7100
Website
info@iconrealtymgmt.com
Icon Realty Management
Icon Realty Management is a real estate management company with more than 1,800 apartment units throughout New York City, primarily in the Upper and Lower East Side and Greenwich Village. Owned by Terrence Lowenberg and Todd Cohen, the company has a patchy reputation as a landlord. In 2008 rent-stabilized tenants in the East Village accused Icon of harassment when the company repeatedly tried to get them to leave their apartments. In 2010 Icon was sued over allegations of fraud related to the company’s ownership of Gem Hotel in Chelsea. In 2015 Icon had the ignominy of making the Urban Homesteading Assistance Board’s worst landlords list. That same year Icon was sued for wrongful eviction after it attempted to kick out the restaurant at one of its East Village properties destroyed by a gas explosion. Icon has been active in the Upper East side as well, buying up blocks of properties in the 80s (and evicting longtime restaurants there to redevelop the buildings).
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Rendering of 215-219 West 28th Street and Eran Polack of HAP Investments
02/29/16
From left: 223 West 28th Street in Chelsea, Eran Polack of HAP Investments and 2880 Exterior Street in the Bronx In the world of New...
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11/19/15
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...
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11/10/15
From left: 132 Madison Avenue, 347 Lorimer Street in Brooklyn and Robert Morgenstern UPDATED, 4:52 p.m., Nov. 10: From an $18.2 million sale in Tribeca...
From left: Bill Rudin and 32 Sixth Avenue in Tribeca
10/22/15
Rudin Management is taking advantage of low interest rates while they last, signing a $425 million loan to refinance its 32 Sixth Avenue office tower. The 10-year...
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10/22/15
Manhattan’s great builders are also its most fearsome destroyers. Tags: chetrit group, demolition, extell development, icon realty management, SL Green Realty, trinity real estate ...
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09/22/15
From left: Alex Kahen, 381 First Avenue in Gramercy Park and 36-40 Linden Street in Bushwick From the $18.5 million sale of a four-building Gramercy...
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08/18/15
From left: Meyer Orbach, 9 Central Park North and 18 West 76th Street From the $12 million sale of a mixed-use building in Chelsea to...
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08/11/15
Buoyed by a $1.25 million boost in City Council funding, tenant advocacy group Stabilizing NYC is running its own “bad landlords” watch list that includes...
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08/11/15
Work started up at Terrence Lowenberg and Todd Cohen’s Icon Realty Management’s two Second Avenue assemblages. Tags: icon realty management ...
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04/12/15
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....
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10/10/14
A 37-unit residential development is coming to 50 Clinton Street. DHA Capital, developing a property on the Lower East Side, will be offering mostly one-...
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09/25/14
Architecture firm Issac & Stern has filed permits for Icon Realty Management’s 1562 Second Avenue, offering new details about the prewar-style residence. Tags: icon realty...
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07/22/14
Multiple business on the Upper East Side are closing to make way for a new development. Tags: icon realty management ...
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06/12/14
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. Tags: 50...
221-west-17th
05/28/14
Real estate investment firm DelShah Capital bought a six-story commercial building in Chelsea for $26.4 million, according to property records filed with the city today. Tags:...
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04/09/14
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. Tags: department of buildings,...
GEM-FB
03/11/14
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...
Larry Gluck and 252 West 76th Street
03/10/14
Laurence Gluck bought a 50 percent interest in the corporation that owns two Upper West Side rental buildings on West 76th Street, a source familiar...
second-avenue
02/18/14
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...
From left: Joseph Sitt, 58 Ninth Avenue and Michael Shah
01/27/14
Thor Retail Advisors will be heading up leasing at DelShah Capital’s 58 Ninth Avenue in Manhattan’s meatpacking district. Tags: delshah capital, meatpacking district, Thor Retail...
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01/22/14
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...
From left: Michael Shah, David Schechtman and 58-60 Ninth Avenue
04/10/13
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...
02/20/13
Extending his dominion in the East Village, Jared Kushner has picked up a $28.8 million portfolio of 55 apartment and five retail properties in two...
60 West 11th Street and Timothy Forbes
12/10/12
Timothy Forbes, son of publishing bigwig Malcolm Forbes and chief operating officer of the family’s eponymous publishing empire, has sold his townhouse at 60 West...
Stone Street's Jeffrey Kaye and Robert Morgenstern and 234 East 33rd Street
11/16/12
Stone Street Properties, a real estate investment firm founded last year by Jeffrey Kaye and Robert Morgenstern, has closed on a deal for a 16-building...
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  • Event Retail Leasing
  • Address 82 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 800
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Terrence Lowenberg
  • Party 1 Brokerage Icon Realty Management
  • Party 2 Golden Crepes
  • Party 2 Brokerage Kassin Sabbagh Realty
  • Party 2 Broker Abraham Zarif, Albert Manopla
notes
The crepe shop signed a 10-year lease for its second location. The reported asking rent was $175 per square foot.
  • Event Financing
  • Address 300 West 22nd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 33,000,000
  • Publication Date 05/01/2014
  • Event Date 03/22/2014
  • Party 1 Icon Realty Management
  • Party 1 Brokerage Mission Capital Advisors
  • Party 1 Broker Jordan Ray, Jason Cohen, Ari Hirt
  • Party 2 Ladder Capital
  • Party 2 Broker n/e
notes
A $33 million first mortgage and mezzanine financing was secured to refinance the GEM Hotel. The loan replaces an initial $22 million mortgage that closed in January 2012. 81-room hotel
  • Event Sales
  • Building Name 342-350 West 71st Street
  • Address 342 West 71st Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Price $ 23,000,000
notes
The adjacent properties sold for $18.5 million. The buildings had been used for years as an informal hotel.
  • Event Sales
  • Building Name 317-319 Second Avenue
  • Address 317 Second Avenue
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Square feet 14,447
  • Price $ 4,750,000
  • Price per foot $ 329.00
notes
The property sold for $4.75 million, or $329 per square foot. The price represents a capitalization rate of 4.7 percent and a gross rent multiple of 13.2.
  • Event Sales
  • Address 1494 Second Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 7,750
  • Price $ 7,850,000
notes
The walk-up building sold for $7.85 million.
  • Event Sales
  • Building Name 58-60 Ninth Avenue
  • Address 60 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 7,750,000
  • Publication Date 06/01/2012
  • Event Date 04/22/2012
  • Party 1 Vectra Management Group
  • Party 1 Brokerage ERG Property Advisors
  • Party 1 Broker James Kinsey
  • Party 2 Icon Realty Management
  • Party 2 Brokerage ERG Property Advisors
  • Party 2 Broker James Kinsey
notes
The adjacent properties sold for $7.75 million. The ground-floor retail space is occupied by Pop Burger.
  • Event Sales
  • Building Name 58-60 Ninth Avenue
  • Address 60 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 10,839
  • Price $ 18,200,000
notes
The property sold for $18.2 million. Located across the street from an Apple Store, the space is currently home to Pop Burger, which will be closing in the near future.
  • Event Sales
  • Address 610 East 9th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 11,568
  • Price $ 4,000,000
notes
The prewar walk-up building sold for $4 million. The price represents a gross rent multiple of 10.
  • Event Sales
  • Address 325 East 10th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 28,750,000
notes
The properties sold for $28.75 million, the New York Post reported. The buildings are located at 325 East 10th Street and 329, 331, 333 and 335 East 9th Street.
  • Event Retail Leasing
  • Address 316 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 600
notes
The hair removal salon signed a lease. The reported asking rent was $150 per square foot.
  • Event Retail Leasing
  • Address 324 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,910
notes
The restaurant signed a 10-year lease with a five-year option. The reported asking rent was $85 per square foot.
  • Event Retail Leasing
  • Address 443 East 78th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 1,200
notes
The wellness center signed a five-year lease.
  • Event Retail Leasing
  • Address 147 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 600
notes
The coffee shop signed a lease.
  • Event Retail Leasing
  • Address 147 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 1,600
notes
The café signed a 12-year lease. The reported asking rent was $110 per square foot.
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demolition-man-1-1024-e1445520784608-300x189
10/22/15
Manhattan’s great builders are also its most fearsome destroyers. Tags: chetrit group, demolition, extell development, icon realty management, SL Green Realty, trinity real estate ...
thumbnail
The suspicion, anger and lack of trust over money can make the atmosphere at 111 Centre Street in Lower Manhattan seem a lot like divorce...
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Icon Realty Management
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