X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fortuna Realty Group

527 Madison Avenue, 20th Floor
New York, NY 10022
(212) 922-1220
Website

Fortuna Realty Group is a real estate investment and development company with a focus on hospitality and multi-family assets. The firm was founded in 1984 by Morris Moinian with its first acquisition, 1489 First Avenue. It has since expanded to other hotels and properties in Manhattan, as well as the Loews Paradise Island Hotel in the Bahamas (which it sold in 1999) and the Hyatt Orlando Resort. The firm has been particularly active in hotels, owning the Hotel Hugo and the Indigo Hotel Chelsea. In 2012 the firm purchased Long Islands historic Garden City Hotel for approximately $91 million, snagging the hotel from the Nelkin family. In 2015 Fortuna purchased the Wyndam Garden hotel in the Flatiron district for $60 million, outbidding other companies such as Bridgeton Acquisitions. Fortuna also has kept a presence in the Caribbean, owning the Sugar Bay Resort and Spa in the U.S. Virgin Islands.

Fortuna Realty Group, President
527 Madison Avenue, New York, NY, (212) 922-1220
Morris Moinian is president at Fortuna Realty Group. Moinian, whose family is enmeshed...
  • Event Financing
  • Address 127 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 50,800,000
notes
The lender issued a loan of $50.8 million for the Chelsea property.
  • Event Financing
  • Address 120 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 40,000,000
  • Publication Date 12/16/2018
  • Event Date 12/11/2018
  • Party 1 Atlas Hospitality, Fortuna Realty Group
  • Party 2 Bank America Merrill Lynch
notes
The owner secured a construction loan of $40 million for the Financial District property.
  • Event Sales
  • Address 364 West 18th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 57,000
  • Price $ 33,800,000
  • Price per foot $ 592.98
notes
The property sold for $33.8 million. The buyer plans to rename the building Stonehenge 18, improve the apartments and reposition the building's retail space, which is currently configured as eight storefronts.
  • Event Sales
  • Address 422 Saint Nicholas Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 11,100
  • Price $ 1,810,000
  • Price per foot $ 163.06
notes
The walk-up building sold for $1.81 million. The price represents a gross rent multiple of 8.8 and a capitalization rate of 6.8 percent.
  • Event Retail Leasing
  • Address 114 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 950
notes
The sandwich chain signed a lease for another location.
  • Event Sales
  • Address 112 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 57,000
  • Price $ 31,400,000
  • Price per foot $ 550.88
notes
The rental building sold for $31.4 million. The buyer plans to renovate and upgrade the prewar property and hopes to attract high-end retailers for the building's ground-floor storefronts.
  • Event Sales
  • Address 210 West 109th Street
  • Neighborhood Morningside Heights
  • Borough Manhattan
  • Price $ 8,250,000
notes
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 $ 525.06
notes
The five- and six-story multifamily residential 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
  • Price per foot $ 666.67
notes
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
notes
The two companies, both based in Spain, bought the hotel for $78 million.
Manhattan, 10018
26 WEST 39TH LLC
26 West 39th Street is a 19,600 square foot property built in 1910...
Manhattan, 10018
26 WEST 39TH LLC
24 West 39th Street is a 10,816 square foot property built in 1930...
Manhattan, 10018
FORTUNA REALTY GROUP, FORTUNA FIFTH AVE LLC
...
Manhattan, 10018
FORTUNA REALTY GROUP, FORTUNA FIFTH AVE LLC
...