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    Glenwood Management

    320 West 38th Street
    New York, NY 10018
    (212) 695-3838
    Website
    [email protected]

    Glenwood Management is a New York City-based developer, owner, and manager of upscale rental apartment buildings. Leonard Litwin founded the privately held firm in 1961.

    Glenwood owns about two dozen residential buildings in New York City, all in Manhattan. The firm's buildings include the 36-unit Barclay Tower at 10 Barclay Street in Tribeca, the 466-unit Paramount Tower at 240 East 39th Street and the 250-unit Bamford at 333 East 56th Street.

    The firm develops new buildings periodically under the direction of Litwin's daughter Carole Pittelman. In 2015, Glenwood Management was embroiled in a political scandal: It was alleged that in exchange for political donations, or kickbacks, Glenwood had extensive access to politicians, who rewrote rental laws in favor of companies such as Glenwood and granted the firm tax breaks. In 2018, former Assembly Speaker Sheldon Silver was convicted in a scheme to extort The Witkoff Group and Glenwood Management.

    Glenwood Management, Founder
    1440 York Ave, New York, NY, 212-535-0500
    Leonard Litwin is the founder and principal owner of Glenwood Management, a leading...
    Glenwood Management, Executive Vice President
    1440 York Ave, New York, NY, 212-535-0500
    Gary Jacob is Executive Vice President of Glenwood Management Corp., one of the...
    • Event Sales
    • Address 207 East 94th Street
    • Neighborhood Yorkville
    • Borough Manhattan
    • Square feet 39,000
    • Price $ 28,500,000
    • Publication Date 12/13/2019
    • Event Date 12/12/2019
    • Party 1 Glenwood Management
    • Party 2 Hirschfeld Properties
    notes
    The buyer secured the Yorkville property for $28.5 million.
    • Event Financing
    • Address 500 East 77th Street
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Price $ 123,000,000
    • Publication Date 06/13/2019
    • Event Date 06/10/2019
    • Party 1 Glenwood Management
    • Party 2 Principal Life Insurance Company
    notes
    The owner secured a loan of $123 million for the Upper East Side property.
    • Event Financing
    • Address 45 West 60th Street
    • Neighborhood Upper West Side
    • Borough Manhattan
    • Price $ 82,000,000
    • Publication Date 12/30/2018
    • Event Date 12/26/2018
    • Party 1 Glenwood Management
    • Party 2 Principal Life Insurance Company
    notes
    The lender issued a loan of $82 million for the Upper West Side property.
    • Event Financing
    • Address 350 East 79th Street
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Square feet 453,313
    • Price $ 98,000,000
    • Publication Date 06/11/2018
    • Event Date 06/07/2018
    • Party 1 Glenwood Management
    • Party 2 Prudential Multifamily Mortgage
    notes
    The owner secured a $98 million loan for the Upper East Side portfolio.
    • Event Retail Leasing
    • Address 1195 Lexington Avenue
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Square feet 1,400
    notes
    The salon signed a lease.
    • Event Retail Leasing
    • Address 1430 Second Avenue
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Square feet 2,888
    notes
    The gym signed a 10-year lease.
    • Event Financing
    • Address 160 West 62nd Street
    • Neighborhood Lincoln Square
    • Borough Manhattan
    • Price $ 260,000,000
    notes
    A $260 million mortgage was arranged for the 54-story, 339-units
    • Event Office Leasing
    • Address 1751 York Avenue
    • Neighborhood Yorkville
    • Borough Manhattan
    • Square feet 1,450
    • Price per foot $ 49.00
    notes
    The dental office signed a seven-year lease.
    • Event Sales
    • Address 58 and 60 East 86th Street
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Price $ 31,000,000
    • Event Sales
    • Building Name 58 and 60 East 86th Street
    • Address 60 East 86th Street
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Price $ 31,000,000
    notes
    The adjacent buildings sold for a combined $31 million. The four-story townhouse at 60 East 86th Street sold for $22.2 million and the six-story rental building at 58 East 86th Street sold for $8.8 million.
    • Event Sales
    • Address 743-763 Eighth Avenue
    • Neighborhood Hell's Kitchen
    • Borough Manhattan
    • Price $ 111,000,000
    • Publication Date 10/01/2012
    • Event Date 08/17/2012
    • Party 1 Glenwood Management
    • Party 2 Riu Hotels & Resorts
    • Event Sales
    • Building Name 743-763 Eighth Avenue
    • Address 763 Eighth Avenue
    • Borough Manhattan
    • Price $ 111,000,000
    • Publication Date 10/01/2012
    • Event Date 08/22/2012
    • Party 1 Glenwood Management
    • Party 2 Riu Hotels & Resorts
    notes
    The development site, comprised of five parcels, sold for $111 million. The properties would allow the development of a building between 260,000 and 320,000 square feet, according to published reports. Last year, Glenwood executive vice president Gary Jacob said in an interview that his firm would build a mixed-use development at the site.
    • Event Retail Leasing
    • Address 207 East 94th Street
    • Neighborhood Yorkville
    • Borough Manhattan
    • Square feet 8,000
    • Publication Date 02/01/2012
    • Event Date 12/23/2011
    • Party 1 Glenwood Management
    • Party 1 Brokerage Manhattes Group
    • Party 1 Broker Jamison Weiner
    • Party 2 The Little Gym
    • Party 2 Brokerage Andrew A. Pittel & Company
    • Party 2 Broker Andrew Pittel, Peter Winston
    notes
    The fitness studio signed a lease, the New York Post reported. The asking rent was $100 per square foot, according to the Post.
    • Event Sales
    • Address 165 West 60th Street
    • Borough Manhattan
    • Price $ 75,000,000
    • Publication Date 11/01/2011
    • Event Date 09/22/2011
    • Party 1 Fordham University
    • Party 2 Glenwood Management
    notes
    The vacant development site sold for $75 million, adding to the new ownership's collection of sites formerly owned by Fordham University. The buyer is believed to be planning a 54-story residential tower at an adjacent lot at 160 West 60th Street.
    • Event Sales
    • Address 733-763 Eighth Avenue
    • Neighborhood Hell's Kitchen
    • Borough Manhattan
    • Price $ 76,300,000
    • Event Sales
    • Building Name 733-763 Eighth Avenue
    • Address 763 Eighth Avenue
    • Borough Manhattan
    • Square feet 300,000
    • Price $ 76,300,000
    • Price per foot $ 254.33
    notes
    The stalled development site sold for $76.3 million. Glenwood Management had purchased the distressed mortgage on the property from the Bank of Scotland last year and sued to foreclose on the original developer, TriBeach Holdings.
    • Event Sales
    • Address 49-55 Amsterdam Avenue
    • Neighborhood Upper West Side
    • Borough Manhattan
    • Price $ 125,000,000
    • Publication Date 03/01/2011
    • Event Date 01/15/2011
    • Party 1 Fordham University
    • Party 2 Glenwood Management
    • Event Sales
    • Building Name 49-55 Amsterdam Avenue
    • Address 55 Amsterdam Avenue
    • Neighborhood Lincoln Square
    • Borough Manhattan
    • Price $ 125,000,000
    • Publication Date 03/01/2011
    • Event Date 01/20/2011
    • Party 1 Fordham University
    • Party 2 Glenwood Management
    notes
    The vacant site sold for $125 million. The acquisition included 313,429 square feet of development rights.
    • Event Financing
    • Address 330 West 39th Street
    • Neighborhood Hudson Yards
    • Borough Manhattan
    notes
    A $65 million loan was provided to construct the rental building. Forty-two of the units will be reserved for low-income tenants. 25-story apartment building, 199 units total.
    • Event Retail Leasing
    • Address 1195 Lexington Avenue
    • Neighborhood Upper East Side
    • Borough Manhattan
    • Square feet 1,400
    notes
    The hair salon signed a 12-year lease to relocate its Madison Avenue branch.
    • Event Retail Leasing
    • Address 1930 Broadway
    • Neighborhood Lincoln Square
    • Borough Manhattan
    • Square feet 9,300
    • Publication Date 08/01/2007
    • Event Date 06/22/2007
    • Party 1 Glenwood Management
    • Party 1 Brokerage RKF
    • Party 1 Broker Robert Futterman, Beth Rosen
    • Party 2 Brooks Brothers
    • Party 2 Brokerage Dimucci Partners
    • Party 2 Broker Frank Dimucci
    notes
    The clothing retailer inked a lease for 1,700 square feet on the ground floor and 7,600 square feet on the second floor. The asking rent was $300 per square foot on the ground floor and $75 per square foot on the second floor.
    • Event Retail Leasing
    • Address 1430 Second Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Square feet 2,217
    notes
    The mobile phone service provider inked a 10-year lease for an Upper East Side store.
    • Event Retail Leasing
    • Building Name Grand Tier
    • Address 1930 Broadway
    • Neighborhood Lincoln Square
    • Borough Manhattan
    • Square feet 2,400
    notes
    The yoga-inspired athletic apparel company inked a deal for space in the luxury residential building. The store is scheduled to open during the 2006 holiday shopping season.
    • Event Sales
    • Building Name The Marlborough House
    • Address 245 East 40th Street
    • Neighborhood Murray Hill
    • Borough Manhattan
    • Price $ 165,000,000
    • Publication Date 05/01/2006
    • Event Date 03/22/2006
    • Party 1 Glenwood Management
    • Party 2 Archstone Smith
    notes
    The REIT paid $165 million for the 34-story apartment building built in 1975. Of the property's 270 units, 15 percent are rent-stabilized and 85 percent are free-market. The property has an underground parking garage and about 30,000 square feet of commercial space.
    • Event Office Leasing
    • Address 345 East 102nd Street
    • Neighborhood East Harlem
    • Borough Manhattan
    • Square feet 12,900
    notes
    Agency signs 10-year lease, expands and moves from 101st Street and Lexington Avenue.
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