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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 companys ownership of Gem Hotel in Chelsea. In 2015, Icon had the ignominy of making the Urban Homesteading Assistance Boards 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).
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08/01/18
...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...
07/23/18
...for 11 years, closed down in 2015. The seller is Icon Realty Management, which paid $5.5 million for the property in 2013.
4) Religious nonprofit Good Shepherd Services sold two...
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...
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...
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...
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...
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...
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...
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...
...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...
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-...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
- Event Sales
- Address 228 Thompson Street
- Neighborhood Greenwich Village
- Borough Manhattan
- Square feet 8,793
- Price $ 14,300,000
- Publication Date 07/30/2018
- Event Date 07/23/2018
- Party 1 Icon Realty Management
- Party 2 Efficiency Capital Advisors
notes
The buyer bought the Greenwich Village property for $14.3 million.
- Event Retail Leasing
- Address 443 East 9th Street
- Neighborhood East Village
- Borough Manhattan
- Square feet 600
- Publication Date 07/17/2018
- Event Date 07/16/2018
- Party 1 Icon realty Management
- Party 1 Brokerage KSR
- Party 1 Broker Sholom Kanevsky, Marc Sitt
- Party 2 Calssic Man Barber Shop
- Party 2 Brokerage KSR
- Party 2 Broker Sholom Kanevsky, Marc Sitt
notes
The barbershop signed a lease for the East Village location.
- Event Retail Leasing
- Address 1260 Amsterdam Avenue
- Neighborhood Morningside Heights
- Borough Manhattan
- Square feet 1,900
- Publication Date 07/17/2018
- Event Date 07/16/2018
- Party 1 Icon Realty management
- Party 1 Brokerage KSR
- Party 1 Broker Sholom Kanevsky, Marc Sitt
- Party 2 Babbalucci
- Party 2 Brokerage KSR
- Party 2 Broker Sholom Kanevsky, Marc Sitt
notes
The restaurant inked a lease for the Morningside Heights location.
- Event Sales
- Address 210 East 95th Street
- Neighborhood Carnegie Hill
- Borough Manhattan
- Square feet 9,829
- Price $ 12,150,000
- Publication Date 03/13/2018
- Event Date 01/26/2018
- Party 1 Smicon Realty Management
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Hall Oster, Tom Gammino, Teddy Galligan, Brett Weisblum, Tim O'Brien
- Party 2 Finger & Finger
notes
The buyer acquired the Carnegie Hill building for $12.15 million.
- Event Financing
- Address 59 East Third Street
- Neighborhood the East Village
- Borough Manhattan
- Price $ 20,300,000
- Publication Date 09/01/2017
- Event Date 07/25/2017
- Party 1 Icon Realty Management
- Party 2 Mesa West
notes
The owner acquired a loan.
- Event Sales
- Address 307 Mott Street
- Neighborhood Lower East Side
- Borough Manhattan
- Price $ 22,100,000
- Publication Date 08/01/2017
- Event Date 07/11/2017
- Party 1 Icon Realty Management
- Party 2 Solil Management
notes
The real estate firm acquired a new property
- Event Financing
- Address 223 Mott Street
- Neighborhood Nolita
- Borough Manhattan
- Square feet 9,170
- Price $ 5,550,000
- Price per foot $ 605.00
- Publication Date 07/01/2017
- Event Date 05/17/2017
- Party 1 Stellar Management, Icon Realty Management
- Party 2 Signature Bank
notes
The entity secured a first mortgage of $5.55 million.
- Event Sales
- Address 56 West 11th Street
- Neighborhood Greenwich Village
- Borough Manhattan
- Square feet 27,184
- Price $ 37,750,000
- Price per foot $ 1,388.00
- Publication Date 07/01/2017
- Event Date 05/31/2017
- Party 1 Icon Realty Management
- Party 1 Brokerage Marcus & Millichap
- Party 1 Broker Peter Von Der Ahe, Joe Koicim
- Party 2 Marjorie Nesbitt
- Party 2 Brokerage Marcus & Millichap
- Party 2 Broker Jenny Protas
notes
The 36-unit residential building in Greenwich Village was sold to an Italian investor for $37.75 million.
- Event Sales
- Address 506 East 84th Street
- Neighborhood Yorkville
- Borough Manhattan
- Square feet 8,065
- Price $ 11,200,000
- Price per foot $ 1,388.00
- Publication Date 07/01/2017
- Event Date 05/31/2017
- Party 1 Icon Realty Management
- Party 1 Brokerage HPNY
- Party 1 Broker Sean Lefkovits, John Florek
- Party 2 Makoto Susa
- Party 2 Brokerage HPNY
- Party 2 Broker Sean Lefkovits, John Florek
notes
The 5-story walk-up residential building was sold for $11.2 million.
- Event Sales
- Address 223 Mott Street
- Neighborhood Nolita
- Borough Manhattan
- Square feet 9,170
- Price $ 9,500,000
- Price per foot $ 1,035.00
- Publication Date 07/01/2017
- Event Date 05/19/2017
- Party 1 223 Mott Realty LLC
- Party 1 Brokerage Marcus & Millichap
- Party 1 Broker Logan Markley
- Party 2 Stellar Management, Icon Realty Management
- Party 2 Brokerage Marcus & Millichap
- Party 2 Broker Logan Markley
notes
The 5-story building with 20 mixed-used units sold for $9.5 million.
- Event Sales
- Address 454 West 58th Street
- Neighborhood Hell's Kitchen
- Borough Manhattan
- Square feet 9,625
- Price $ 11,400,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Icon Realty Management, Stellar Management
- Party 1 Brokerage Cushman & Wakefield
- Party 2 Brian Elgar
notes
The 11-unit multifamily property was sold for $5.4 million.
- Event Retail Leasing
- Address 350 Third Avenue
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 1,600
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Icon Realty Management
- Party 1 Brokerage Kassin Sabbagh Realty
- Party 1 Broker David Green
- Party 2 Chirping Chicken
- Party 2 Brokerage Kassin Sabbagh Realty
- Party 2 Broker David Green
notes
The eatery, known for its flame broiled chicken, signed a lease.
- Event Retail Leasing
- Address 152 Second Avenue
- Neighborhood East Village
- Borough Manhattan
- Square feet 3,250
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Icon Realty Management
- Party 1 Brokerage Kassin Sabbagh Realty
- Party 1 Broker Jordan Raphan, Albert Manopla
- Party 2 Bao
- Party 2 Brokerage Kassin Sabbagh Realty
- Party 2 Broker Jordan Raphan, Albert Manopla
notes
The restaurant signed a 12-year lease.
- Event Financing
- Address 133 West 25th Street
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 45,449
- Price $ 23,300,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Icon Realty Management
- Party 2 Bank Leumi USA
notes
The company secured a $23.3 million acquisition and construction loan for the industrial and manufacturing property.
- Event Sales
- Address 133 West 25th Street
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 45,449
- Price $ 33,000,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Dezer Properties
- Party 2 Icon Realty Management
notes
The industrial and manufacturing property was sold for $33 million.
- Event Sales
- Address 24-26 Jane Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 13,341
- Price $ 15,700,000
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Brodsky Organization
- Party 2 Icon Realty Management
notes
The 5-story, 34 unit multifamily property was sold for $15.7 million.
- Event Retail Leasing
- Address 152 Second Avenue
- Neighborhood East Village
- Borough Manhattan
- Square feet 1,500
- Publication Date 12/01/2016
- Event Date 10/15/2016
- Party 1 Icon Realty Management
- Party 1 Brokerage Kassin Sabbagh Realty
- Party 1 Broker Albert Manopla
- Party 2 Pure Green
- Party 2 Brokerage Kassin Sabbagh Realty
- Party 2 Broker Albert Manopla
notes
The juice shop signed a 12-year lease.
- Event Sales
- Address 346 West 71st Street|350 West 71st Street
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 55,200,000
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Icon Realty Management
- Party 2 Cydonia W71
notes
The properties sold for $55.2 million.
- Event Sales
- Address 317 West 14th Street
- Neighborhood Chelsea
- Borough Manhattan
- Price $ 13,750,000
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Jay Lesiger
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Brock Emmetsberger, Jonathan Hageman, Andy Posil
- Party 2 Icon Realty Management
notes
The hotel sold for $13.75 million.
- 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
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Icon Realty Management
- Party 1 Brokerage Marcus & Millichap
- Party 1 Broker Von Der Ahe, Joe Koicim, David Lloyd, Corey Isdaner
- Party 2 Brokerage Marcus & Millichap
- Party 2 Broker Von Der Ahe, Koicim, Corey Isdaner, Sean Lefkovits
notes
The five-story mixed-use building was sold for $10.9 million.
- 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.
- Event Sales
- Address 326 East 4th Street
- Neighborhood East Village
- Borough Manhattan
- Price $ 20,000,000
- Publication Date 01/01/2016
- Event Date 11/17/2015
- Party 1 Icon Realty Management
- Party 1 Brokerage Marcus & Millichap
- Party 1 Broker Peter Von Der Ahe, Joseph Koicim, David Lloyd, Corey Isdaner
- Party 2 South Carolina-based investor
- Party 2 Brokerage Marcus & Millichap
- Party 2 Broker Peter Von Der Ahe, Joseph Koicim, Corey Isdaner, Sean Lefkowitz
notes
The two contiguous six-story buildings, which include 328 East 4th Street, sold for
- Event Sales
- Address 37 Crosby Street
- Neighborhood SoHo
- Borough Manhattan
- Price $ 17,900,000
- Publication Date 01/01/2015
- Event Date 11/17/2014
- Party 1 Icon Realty Management
- Party 1 Broker Robert Burton
- Event Retail Leasing
- Address 82 Second Avenue
- Neighborhood East Village
- Borough Manhattan
- Square feet 800
- Publication Date 10/01/2014
- Event Date 08/22/2014
- Party 1 Terrence Lowenberg
- Party 1 Brokerage Icon Realty Management
- Party 2 Golden Crepes
- Party 2 Brokerage Kassin Sabbagh Realty
- Party 2 Broker Abraham Zarif, Albert Manopla
notes
The crepe shop signed a 10-year lease for its second location. The reported asking rent was $175 per square foot.
- 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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