David Werner | The Real Deal New York

The Real Deal New York

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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.


04/15/19
...for $675 million before selling the land to a David Werner...

02/28/19
...pieces, selling the land to a partnership between David Werner and Deutsche Asset & Wealth Management for $325 million in 2013, and selling the retail condo...

01/23/19
...Park Avenue and Scott Rechler (Credit: RXR Realty) David Werner is in contract to buy roughly 40 percent of 237 Park Avenue, valuing the Grand Central-area...

10/22/18
...industry — and earlier this year teamed up with David Werner to buy Pfizer’s Midtown East headquarters for $365 million...

10/18/18
...Earlier this year, the company teamed up with David Werner to buy Pfizer's Midtown East headquarters for $365 million...

10/10/18
...Street earlier this year for $360 million with investor David Werner, a deal in which the Cushman team negotiated the sale. The owners plan to...

09/20/18
...Sitt Asset Management and real estate investment syndicator David Werner, who it shares a ground-lease stake with at 100 West 57th Street, the family began...

08/07/18
...nd Street, a building which it formerly owned. David Werner and Alexandria Real Estate Equities are the landlords of the building. 4) J. Crew, 225 Liberty...

07/11/18
...Wikipedia and Getty Images) Morgan Stanley is providing David Werner and his partners $150 million to finance their purchase of Pfizer’s headquarters in Midtown...

07/04/18
...in July 2012, Schreiber and Brooklyn real estate investor David Werner bought One Court Square from SL Green and JPMorgan Asset Management. The following month...

06/25/18
...a one-man show to wield tremendous firepower. Consider David Werner, a Borough Park-based investor who was the city’s top real estate buyer in...

05/25/18
...against private companies, such as, say, RXR or David Werner Real Estate. All told, private firms invested a combined $16.31 billion in New York real...

04/25/18
...underneath the building to a partnership led by David Werner in a 150-year leaseback deal...

04/12/18
...agreed to sell the properties to Brooklyn investor David Werner for about $360 million and that it had finalized an 800,000-square-foot lease at Tishman Speyer...

04/10/18
...Midtown office buildings on East 42nd Street to David Werner for about $360 million, The Real Deal has learned. The pharmaceutical giant has been searching...

04/10/18
...occupy floors 7 through 21 in the 2.8-million-square-foot tower.      Related: David Werner buying Pfizer’s Midtown HQ for $360M In conjunction with the Pfizer lease, Tishman...

12/28/17
...rarely an easy endeavor, and RXR Realty and David Werner relied on plenty of mezzanine financing to get it done at 5 Times Square. Morgan...

12/27/17
...in July 2012, Schreiber and Brooklyn real estate investor David Werner bought One Court Square from SL Green and JPMorgan Asset Management. The following month...

12/05/17
...a one-man show to wield tremendous firepower. Consider David Werner, a Borough Park-based investor who was the city’s top real estate buyer in...

...in July 2012, Schreiber and Brooklyn real estate investor David Werner bought One Court Square from SL Green and JPMorgan Asset Management. The following month...

10/16/17
...Park’s wealthier residents include real estate investor David Werner, known for his $1.5 billion purchase of 5 Times Square in 2014, and Clipper Equity founder David...

...Park’s wealthier residents include real estate investor David Werner, known for his $1.5 billion purchase of 5 Times Square in 2014, and Clipper Equity founder David...

08/24/17
...the GM Building, and RXR Realty and investor David Werner landed a $1.4 billion debt package at 5 Times Square. Vornado and SL Green recently completed...

08/14/17
...behind its 1-million-square-foot office at RXR Realty and David Werner...

08/04/17
...half-a-billion-dollar deal far, far away. Borough Park investor David Werner and the Cohen family’s Carlton Associates acquired an 11-building multifamily portfolio across four...
  • 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
...
Queens, 11101
WATERBRIDGE COURT SQU
One Court Square is a 51-story office tower in Long Island City, Queens,...

12/29/16
...at 390 Greenwich. 3. 1285 Sixth Avenue, $1.7 billion Buyer: RXR Realty, David Werner Real Estate and China Life Seller: AXA Financial and JPMorgan Chase Brokerage: Eastdil Secured...

...crackerjack negotiators, such as the under-the-radar, Brooklyn-based investor David Werner. Werner snapped up Ernst & Young’s headquarters at 5 Times Square and the Socony...

...nbsp; 530 Fifth Avenue Sellers: Moinian Group, Chetrit Group, David Werner Address: 530 Fifth Avenue Total profit: $183.1 million Annual return on equity: 114 percent While the Moinian...