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David Werner

David Werner is a Brooklyn-based real estate investor considered one of the top New York City buyers in recent years. Known for his quirky style (he brings T-shirts with frowny and happy faces on them to high-stakes negotiations), Werner has gone on a purchasing spree in recent years. He bought the Ernst & Young headquarters at 5 Times Square in 2014 for $1.5 billion, as well as the Socony-Mobil Building for nearly $1 billion. Werner prefers to keep his personal stake in deals small, usually around 10 percent of the total investment. To make up the difference, Werner has partnered with other investors in many transactions, such as the Cohen family in the $285 million purchase of land under Carnegie House at 100 West 57th Street and Doug Werner on the 5 Times Square deal. Werner, who is known as being both religious and secretive, amassed most of his early fortune by investing in apartments in the outer boroughs.

  • Event Office Leasing
  • Address 219 East 42nd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 350,000
notes
The pharmaceutical company inked a 5-year lease for the Midtown East space which it formerly owned.
  • Event Financing
  • Address 235 East 42nd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 1,175,000
  • Price $ 150,000,000
notes
The owners secured a loan of $150 million to finance their purchase of the portfolio.
  • Event Sales
  • Address 235 East 42nd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 1,175,000
  • Price $ 365,000,000
notes
The buyers secured the Midtown East portfolio for $365 million.
  • Event Financing
  • Address 1285 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 1,200,000,000
notes
The company secured a $1.3 billion loan.
  • Event Sales
  • Address 1285 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,800,000
  • Price $ 1,650,000,000
  • Price per foot $ 916.67
notes
The office building sold for $1.65 billion.
  • Event Office Leasing
  • Address 150 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 57,000
notes
The London-based media company signed a lease.
  • Event Financing
  • Address 150 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 1,800,000
notes
A $700 million CMBS loan was provided for the acquisition of the leasehold interest. office building.
  • Event Sales
  • Address 700 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 325,000,000
notes
The leased fee interest in the Milford Hotel New York sold for $325 million, Real Estate Weekly reported. The transaction is subject to a new 99-year ground lease, according to the paper.
  • Event Sales
  • Address 135 West 50th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 279,000,000
notes
The UBS-controlled REIT acquired the land underneath the Sports Illustrated Building for $279 million, the New York Post reported, but plans to keep the building it owns on the site under a long-term operating lease. Independent broker David Werner was also reportedly involved in the deal.
  • Event Sales
  • Address One Court Square
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 500,000,000
  • Event Sales
  • Address 1414 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 132,000
  • Price $ 120,500,000
  • Price per foot $ 912.88
notes
The property, a former hotel, went into contract for $120.5 million, or $912 per square foot.
  • Event Sales
  • Address 450 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 905,000
  • Price $ 400,000,000
  • Price per foot $ 441.99
notes
The 99-year lease was sold.
  • Event Sales
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 2,200,000
  • Price $ 675,000,000
  • Price per foot $ 306.82
notes
Second biggest office building buy of 2003
Manhattan, 10019
57TH & 6TH GROUND LLC
...

12/29/2016
Scott Rechler’s RXR Realty brought in two equity partners -- secretive Brooklyn-based investor David Werner and Beijing-based insurer China Life â€' to make the deal happen...

01/02/2015
New players in the form of foreign institutional investors from Asia and elsewhere made their marks as they bought high- and low-profile buildings. In particular, the momentum of Chinese capital investment paralleled the robust market. There was also plenty of homegrown money thrown into the mix by prolific, crackerjack negotiators, such as the under-the-radar, Brooklyn-based investor David Werner...

12/01/2012
Moinian, the Chetrit Group and investor David Werner purchased the building in 2004 for $210 million and sold it in January for $390 million...