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Morris Moinian

Fortuna Realty Group
527 Madison Ave.
New York, NY 10022
Morris Moinian
Morris Moinian is president at Fortuna Realty Group. Moinan, whose family is enmeshed in the real estate industry (his brother is famed developer Joseph Moinian, and his nephew Matthew is one of the heirs apparent to that empire), has made his name developing and renovating hotels. Moinian began his career as co-founder of Chattanooga Manufacturing, one of the largest womens apparel suppliers. More than a decade later, Moinian began using his Chattanooga earnings to invest in real estate, focusing on residential buildings in Upper Manhattan. In 1995, Moinian switched completely to real estate, (having already founded Fortuna Realty Group in 1984) and began developing hotels and resorts in New York and around the Caribbean. However, Moinian also branched off a financial arm at FortunaFortuna Funding, which originates loansas well as indoor cycling studio Revolve, which he hopes to expand beyond its two locations in New York and Washington, D.C. Moinian is a board member of the Grand Central Partnership and the Sephardic Society of Manhattan.
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  • Event Sales
  • Address 1150 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 48,000
  • Price $ 39,000,000
  • Publication Date 05/01/2012
  • Event Date 03/22/2012
  • Party 2 Morris Moinian
The property sold for $39 million, the New York Post reported. The buyer plans to build a new hotel or office building on the site.
  • Event Sales
  • Address 210 West 109th Street
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 8,250,000
The Upper West Side building sold for $8.25 million.
  • Event Sales
  • Address 215 West 108th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 31,425
  • Price $ 16,500,000
  • Price per foot $ 525.00
The five- and six-story walk-up buildings sold for $16.5 million, or $525 per square foot. The price represents a capitalization rate of 5.7 percent and a gross rent multiple of 14.5. The units are primarily renovated two- and three-bedroom apartments; 31 units are free market. The properties have an additional 23,000 square feet of air rights. Includes 210 West 109th Street.
  • Event Sales
  • Building Name 112-126 Ninth Avenue
  • Address 112 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 60,000
  • Price $ 40,000,000
The prewar building, which has 64 residential units and eight retail units, went into contract for $40 million. The property is expected to undergo major renovations and bring in new retail tenants.
  • Event Sales
  • Building Name Dylan Hotel
  • Address 52 East 41st Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 78,000,000
The two companies, both based in Spain, bought the hotel for $78 million.
  • Event Sales
  • Address 129 West 29th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 85,000
  • Price $ 26,000,000
  • Price per foot $ 302.00
The elevator loft building sold for $26 million, or $302 per square foot. The buyer plans to upgrade it to a Class B property.
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