Icon Realty Management | The Real Deal New York

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Icon Realty Management

419 Lafayette Street, 5th Floor
New York, NY 10003
(212) 675-7100
Website
info@iconrealtymgmt.com
Icon Realty Management

Icon Realty Management is a real estate management company with more than 1,800 apartment units throughout New York City, primarily on the Upper and Lower East Side and in Greenwich Village. Owned by Terrence Lowenberg and Todd Cohen, the company has a patchy reputation as a landlord. In 2008, rent-stabilized tenants in the East Village accused Icon of harassment when the company repeatedly tried to get them to leave their apartments. In 2010, Icon was sued over allegations of fraud related to the company’s ownership of Gem Hotel in Chelsea. In 2015, Icon had the ignominy of making the Urban Homesteading Assistance Board’s worst-landlords list. That same year, Icon was sued for wrongful eviction after it attempted to kick out the restaurant at one of its East Village properties destroyed by a gas explosion. On the Upper East Side, Icon has bought up blocks of properties in the 80s (and evicted longtime restaurants there to redevelop the buildings).


Gould Investors buys UES rental building with 60K unused sf
06/01/18
...Okun declined to comment. Elsewhere in the neighborhood, Icon Realty Management recently sold a five-story walk-up for $12.2 million. Last November, Gould Investors secured $100 million of...

Malcolm Forbes’ townhouse returns to the market asking $29M
05/01/18
...reported. Developers Todd Cohen and Terrence Lowenberg of Icon Realty Management purchased the home in 2012 for $7.25 million and have since gutted and modernized the building...

Thor, Premier file plans for Upper East Side resi building
03/14/18
...have 44,100 buildable square feet. Elsewhere in the area, Icon Realty Management recently sold a walk-up building at 210 East 95th Street for $12.2 million, and HFZ Capital...

These were the biggest Manhattan real estate loans in February
03/14/18
...iconic loan — $280 million Bank of the Ozarks loaned Icon Realty Management $280 million for its pair of Upper East Side properties at 301 East 80th Street and...

Here’s what the $10M-$20M NYC investment sales market looked like last week
03/12/18
...mid-market New York City investment sales last week, Icon Realty Management sold an Upper East Side walk-up and Prana Investments acquired a Bronx building. 1.) Icon...

Rent-regulation crackdown is “definitely” impacting multifamily sales: Treetop’s Mermelstein
02/08/18
...between the state Attorney General’s office and Icon Realty Management related to charges of tenant harassment. As for the overall multifamily market in 2017, Ariel...

Here’s who is still playing the NYC assemblage game
12/28/17
...the Garment District designed by Kohn Pedersen Fox. Icon Realty Management, meanwhile, stitched together eight parcels and nearby air rights over nine years to create...

Is the assemblage game
going to pieces?
...the Garment District designed by Kohn Pedersen Fox. Icon Realty Management, meanwhile, stitched together eight parcels and nearby air rights over nine years to create...

Here’s what the $10M-$20M NYC investment sales market looked like last week
11/30/17
...sale closed November 15 and was recorded on November 20. 2.) Icon Realty Management bought a six-story residential building in Greenwich Village for $17.5 million. The property at 199-...

Here’s what the $10M-$20M NYC investment sales market looked like last week
10/23/17
...Chelsea and a 52-unit building in Crown Heights. 1.) Icon Realty Management sold a 10-unit building in Chelsea for $11.7 million to the Japan-based Tuskaki Company. The...

Icon close to $425M loan to build two UES condo towers
10/12/17
...a rendering of 301 East 81st Street (Credit: CityRealty) Icon Realty Management is in late-stage negotiations to score a $425 million construction loan to build a pair...

Icon Realty Management settles with AG over tenant-harassment probe
09/27/17
...From left: Todd Cohen and Terrence Lowenberg Icon Realty Management reached a settlement with the New York Attorney General's office, following a months-long probe...

Paydirt: The multifamily market is a reputational minefield
08/21/17
...on a new tenant harassment probe focusing on Icon Realty Management and a lawsuit that seeks class-action status against Kushner Companies. Earlier this month, a...

Icon Realty Management at center of tenant harassment probe
08/16/17
...Eric Schneiderman and Todd Cohen (Credit: Getty Images) Icon Realty Management is being investigated by a joint state-city task force focused on preventing tenant harassment...

Dov Hertz flips contracts on EJ Realty portfolio in first deal since leaving Extell
07/25/17
...flipping the contracts on five other properties to Icon Realty Management and Benchmark Real Estate Group. The total sale price on EJ Realty's eight-building package...

Sol Goldman’s estate buys Noho rental building for $22M
07/11/17
...up a landmarked five-story Noho rental building from Icon Realty Management for $22.1 million, according to sources and property records. In an off-market deal, Solil closed...

Icon sells Village rental building for $38M
05/31/17
...Village with Terrence Lowenberg and Todd Cohen of Icon Realty Management Icon Realty Management sold a nine-story rental building in the heart of Greenwich Village...

Here’s what the $10M-$20M NYC investment sales market looked like last week
05/31/17
...on the market for $22.5 million a year later. 4.) Icon Realty Management sold a multifamily walk-up at 506 East 84th Street in Yorkville for $11.2 million. The buyer...

Here’s what the $10M-$20M NYC investment sales market looked like last week
02/27/17
...Van Duyn, who has owned the property since 1980. 4.) Icon Realty Management and Stellar Management flipped an 11-unit multifamily building in Hell’s Kitchen they bought...

Icon Realty snags Chelsea office building for $33M
02/13/17
...th Street Terrence Lowenberg and Todd Cohen’s Icon Realty Management picked up a nine-story office building in Chelsea for $33 million, property records show. The...

Meet the architects bringing NYC’s biggest 2016 projects to life
12/29/16
...-story residential tower at 301 East 80th Street. Developer Icon Realty Management filed the permit application in August, calling for a 69-unit, 208,545-square-foot building. 4. Margulies Hoelzli...

Here’s what the $10M-$20M investment sales market looked like last week
12/07/16
...at 15 Crooke Avenue last sold in 2014 for $14.3 million. 2.) Icon Realty Management bought a 34-unit multifamily building in the West Village for $15.7 million from Daniel Brodsky...

Icon Realty pays $27M for ex-Ring building from Extell
12/07/16
...Gary Barnett Terrence Lowenberg and Todd Cohen’s Icon Realty Management just picked up one of the former Ring portfolio buildings from Extell Development for...

Here’s what the $10M-$20M NYC investment sales market looked like last week
09/19/16
...partnership between Stellar Management and Terrence Lowenberg’s Icon Realty Management picked up a the Educational Alliance building, a former drug and alcohol treatment center...

Top 10 biggest real estate projects coming to NYC
09/09/16
...Todd Cohen of Icon 301 East 80th Street, Manhattan   Icon Realty Management owned this development site on the Upper East Side for four years before filing...
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  • Event Retail Leasing
  • Address 152 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 3,250
notes
The restaurant signed a 12-year lease.
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  • Event Retail Leasing
  • Address 350 Third Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 1,600
notes
The eatery, known for its flame broiled chicken, signed a lease.
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  • Event Sales
  • Address 454 West 58th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Square feet 9,625
  • Price $ 11,400,000
notes
The 11-unit multifamily property was sold for $5.4 million.
For more info, click here
  • Event Sales
  • Address 133 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 45,449
  • Price $ 33,000,000
notes
The industrial and manufacturing property was sold for $33 million.
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  • Event Financing
  • Address 133 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 45,449
  • Price $ 23,300,000
notes
The company secured a $23.3 million acquisition and construction loan for the industrial and manufacturing property.
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  • Event Sales
  • Address 24-26 Jane Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 13,341
  • Price $ 15,700,000
notes
The 5-story, 34 unit multifamily property was sold for $15.7 million.
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  • Event Retail Leasing
  • Address 152 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 1,500
notes
The juice shop signed a 12-year lease.
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  • Event Sales
  • Address 346 West 71st Street|350 West 71st Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 55,200,000
notes
The properties sold for $55.2 million.
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  • Event Sales
  • Address 317 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 13,750,000
notes
The hotel sold for $13.75 million.
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  • Event Sales
  • Address 326-328 East Fourth Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 20,000,000
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 Icon Realty Management
  • Party 2 Fawn East Fourth Street, 1881 East Fourth Street, SFP Fawn Holdings
notes
The 10-unit building sold for $20 million.
For more info, click here
  • Event Sales
  • Address 82 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 2,200
  • Price $ 10,900,000
  • Price per foot $ 4,954.55
notes
The five-story mixed-use building was sold for $10.9 million.
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  • Event Sales
  • Address 326 East 4th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 20,000,000
notes
The two contiguous six-story buildings, which include 328 East 4th Street, sold for
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  • Event Sales
  • Address 37 Crosby Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 17,900,000
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  • Event Retail Leasing
  • Address 82 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 800
notes
The crepe shop signed a 10-year lease for its second location. The reported asking rent was $175 per square foot.
For more info, click here
  • Event Financing
  • Address 300 West 22nd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 33,000,000
  • Publication Date 05/01/2014
  • Event Date 03/22/2014
  • Party 1 Icon Realty Management
  • Party 1 Brokerage Mission Capital Advisors
  • Party 1 Broker Jordan Ray, Jason Cohen, Ari Hirt
  • Party 2 Ladder Capital
notes
A $33 million first mortgage and mezzanine financing was secured to refinance the GEM Hotel. The loan replaces an initial $22 million mortgage that closed in January 2012. 81-room hotel
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  • Event Sales
  • Building Name 58-60 Ninth Avenue
  • Address 60 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 10,839
  • Price $ 18,200,000
  • Price per foot $ 1,679.12
notes
The property sold for $18.2 million. Located across the street from an Apple Store, the space is currently home to Pop Burger, which will be closing in the near future.
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  • Event Sales
  • Address 58-60 Ninth Avenue
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 18,200,000
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  • Event Sales
  • Address 325 East 10th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 28,750,000
notes
The properties sold for $28.75 million, the New York Post reported. The buildings are located at 325 East 10th Street and 329, 331, 333 and 335 East 9th Street.
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  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 28,750,000
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  • Event Retail Leasing
  • Address 443 East 78th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 1,200
notes
The wellness center signed a five-year lease.
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  • Event Sales
  • Address 58-60 Ninth Avenue
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 7,750,000
  • Publication Date 06/01/2012
  • Event Date 04/17/2012
  • Party 1 Vectra Management Group
  • Party 1 Broker James Kinsey
  • Party 2 Icon Realty Management
  • Party 2 Brokerage ERG Property Advisors
  • Party 2 Broker James Kinsey
For more info, click here
  • Event Retail Leasing
  • Address 147 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 600
notes
The coffee shop signed a lease.
For more info, click here
  • Event Sales
  • Building Name 342-350 West 71st Street
  • Address 342 West 71st Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Price $ 23,000,000
notes
The adjacent properties sold for $18.5 million. The buildings had been used for years as an informal hotel.
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  • Event Sales
  • Address 1494 Second Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 7,750
  • Price $ 7,850,000
  • Price per foot $ 1,012.90
notes
The walk-up building sold for $7.85 million.
For more info, click here
  • Event Sales
  • Address 610 East 9th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 11,568
  • Price $ 4,000,000
  • Price per foot $ 345.78
notes
The prewar walk-up building sold for $4 million. The price represents a gross rent multiple of 10.
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building boom?
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10/22/15
...as many as the next most prolific filer, Icon Realty Management, according to an analysis of Department of Buildings filings for Manhattan projects by The...

Who’s heading to housing court?
...a case in the West Village, the landlord Icon Realty Management owns 56 West 11th Street, a 36-unit building between Fifth and Sixth avenues, where in...
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