Edison Properties | The Real Deal New York

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Edison Properties

100 Washington Street
Newark, NJ 07102
(973) 643-7700
Website
Edison-Properties
Edison Properties

Edison Properties is a Newark, New Jersey-based, privately held and family-run real estate development and holding company, founded in 1956 by Jerry Gottesman. The company's portfolio, estimated to be worth $4 billion, includes properties in New York City, New Jersey and Baltimore, Maryland, and encompasses Edison ParkFast-branded parking lots and garages and Manhattan Mini Storage facilities. The value of those parking and storage facilities has skyrocketed over the decades Edison has owned them, as New York and other cities flourished following years of decline. This fact has prompted Edison to sell off or redevelop some long-held sites for higher-income-generating uses, such as residential, hotel, office and retail. In 2014, Edison Properties sold a parking lot site next to the High Line for $870 million that the firm had bought in the 1980s for $2.4 million. However, as of 2015, family members were in conflict on whether to take profits by selling properties, developing them in-house, alone or in partnership, or do nothing.


11/15/16
Mexico City-based movie theater chain Cinemex is expanding its reach to New York City. Tags: edison properties ...

11/10/16
It’s getting lonely at the top. As the market for land sales in Manhattan has cooled amid a real estate slowdown, air rights trades have...

09/19/16
Despite a powerful explosion that sent shrapnel flying across Chelsea and injured 29 people Saturday night, the buildings surrounding the blast on West 23rd Street...

01/22/16
Neigh! Two developers leading the charge to get rid of Central Park’s horse carriage industry have pushed back at allegations their support for the cause is about...

12/30/15
  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...

12/29/15
The operators of Smith Limousine Company sold a Midtown West development site with 95,000 buildable square feet for $36.5 million, according to property records filed...

12/08/15
There’s been a shift in the city’s commercial real estate market in recent years, and it’s been a boost for landlords at side-street buildings —...

11/09/15
...in Midtown Online job search engine Indeed is moving to Edison Properties’ Hippodrome Building in Midtown, where it is taking around 125,000 square...

11/05/15
Israel’s biggest lender, Bank Hapoalim, is slashing its footprint in half on Sixth Avenue as it relocates from Silverstein Properties’ 1177 Sixth Avenue to 40,000...

11/04/15
There’s a long history of real estate developers tapping into City Hall, but certain donations in the past year show that they may also have...

543 West 43rd Street
11/02/15
...inset: Jerry Gottesman) It turns out that Jerry Gottesman’s Edison Properties made more than one buy in Hell’s Kitchen last...

10/30/15
...Avenue in Hell's Kitchen (inset: Jerry Gottesman) Jerry Gottesman’s Edison Properties is continuing its Manhattan buying spree with the acquisition of...

10/02/15
TRD Friday Feature:When Gary Barnett finally won a 14-building portfolio of properties owned by brothers Frank and Michael Ring in late 2013 – after much...

Gary Barnett
09/30/15
After ground-leasing five of its Ring portfolio office buildings to the Kaufman Organization, Gary Barnett’s Extell Development has closed on the sale of those buildings to...

09/25/15
...Manhattan portfolio yet. To the contrary, the octogenarian chair of Edison Properties just closed on the $43.1 million purchase of one of the...

06/22/15
...From left: Edison Properties...

518 West 18th Street
05/21/15
Ziel Feldman isn’t looking to push the envelope in terms of pricing at his Bjarke Ingels-designed High Line condominium project. Condos will start at less than...

03/31/15
...site The Howard Hughes Corp. has struck a deal with Edison Properties that allows the former to build a large mixed-use building...

Ziel Feldman
03/19/15
Ziel Feldman’s HFZ Capital Group is close to securing a $500 million loan to help with its purchase of a massive $870 million development site...

01/14/15
A 51-story tower in the Financial District, an eight-story residential building at the site of a former Jewish all-girls school in Midwood and a nearly 300,000-square-foot...

12/16/14
Not all nine-figure deals are created equal. Sure, you can talk about how you closed on a development site for $100 million. You can even...

12/15/14
...de Blasio and Stephen Nislick UPDATED, 12:48 a.m., Dec. 15: One-time Edison Properties boss Stephen Nislick — who is also an animal activist and...

12/05/14
...West 28th Street in Chelsea Edison Properties, which recently agreed to sell one of its huge Chelsea...

11/26/14
Updated 5:34, Nov. 26: Ziel Feldman’s HFZ Capital Group is in contract to buy one of the most sought-after development sites in West Chelsea, The Real...

11/04/14
...The Waldorf-Astoria at 301 Park Avenue in 1899 1. Edison Properties plans $15 million renovation at the Hippodrome Building in Midtown 2. A...
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  • Event Retail Leasing
  • Address 400 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 50,000
notes
The Mexico-based filmhouse signed a lease for its first location.
  • Event Retail Leasing
  • Address 400 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 50,000
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Edison Properties
  • Party 1 Brokerage CBRE
  • Party 1 Broker Michael Kadosh, Jess Wolff
  • Party 2 Cinemex
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Jeff Roseman, Mark Frankel
notes
The movie theater will cover six floors.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 125,000
notes
The job search website signed a lease.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 40,000
notes
The company signed a lease for a smaller office space.
  • Event Office Leasing
  • Building Name Hippodrome Building
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,818
notes
[EMPTY]
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 96,350
notes
The fashion company signed a long-term lease to consolidate its menswear division into one location, the New York Post reported. The tenant, which has offices at 1114 Sixth Avenue and 42 West 39th Street, signed a direct lease with the landlord for 40,000 square feet and subleased 56,350 square feet from Huron Consulting. The sublease will convert to a direct lease after several years, according to the Post.
  • Event Retail Leasing
  • Address 5030 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 3,100
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Brokerage Edison Properties
  • Party 1 Broker Lenny Lazzarino, Justin Miller
  • Party 2 Royal Drug Pharmacy
  • Party 2 Brokerage Edison Properties
  • Party 2 Broker Lenny Lazzarino, Justin Miller
notes
The pharmacy signed a lease.
  • Event Retail Leasing
  • Address 5030 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 15,000
notes
The school leased retail space. The reported asking rent was $45 per square foot.
  • Event Retail Leasing
  • Address 5030 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 6,450
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Brokerage Edison Properties
  • Party 1 Broker Lenny Lazzarino, Justin Miller
  • Party 2 JBFSC
  • Party 2 Brokerage Pura Vida Enterprises
  • Party 2 Broker Robert Carrillo, A. Diggle
notes
The tenant signed a retail lease. The reported asking rent was $45 per square foot.
  • Event Office Leasing
  • Address 131 Varick Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 500
  • Publication Date 02/01/2011
  • Event Date 12/23/2010
  • Party 1 Edison Properties
  • Party 1 Brokerage Workspace Office Studios
  • Party 1 Broker Katherine Liskowicz
  • Party 2 Tower Park
  • Party 2 Brokerage NYCRS
  • Party 2 Broker Tim Parkkila
notes
The real estate development company signed a three-year lease.
  • Event Sales
  • Address 203 Jay Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 17,600,000
notes
[EMPTY]
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 46,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 1 Edison Properties
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Augustus Field
  • Party 2 Federated Department Stores
notes
Federated takes space on the 12th and 20th floors.
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 10,000
notes
HBO takes space on the 17th floor.
Manhattan, 10011
WEST 21ST STREET PROP
...
Brooklyn, 11201
Edison Properties, 75 SCHERMERHORN LLC
...
Manhattan, 10002
Edison Properties, HOUSTONST.PROP.C/O EDISONPROPLLC
...
Manhattan, 10001
Edison Properties, WEST 28TH RESIDENTIAL, LLC
...

12/30/15
  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...
Brooklyn, 11201
Edison Properties, 75 SCHERMERHORN LLC
...
Manhattan, 10002
Edison Properties, HOUSTONST.PROP.C/O EDISONPROPLLC
...
Manhattan, 10001
Edison Properties, WEST 28TH RESIDENTIAL, LLC
...
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