New York REIT | The Real Deal New York

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New York REIT

405 Park Avenue
New York, NY 10022
(212) 415-6500
Website
NY-REIT

New York REIT is a publicly traded landlord with a vast portfolio of mostly commercial holdings entirely in New York City.

This mostly-Manhattan portfolio includes the nearly 2 million-square-foot World Wide Plaza; the 755,679-square-foot 1440 Broadway; the 240-room Viceroy Hotel in Midtown; the 158,573-square-foot 50 Varick Street; and the 346,728-square-foot 333 West 34th Street.

New York REIT dates from 2010, when it spun off from corporate parent American Realty Capital, another real estate investment trust that became enmeshed in a major accounting scandal in 2014. That scandal cast a shadow on New York REIT due to business dealings and holdings that often overlapped, even years after the spinoff. The firm continues to distance itself from American Realtys reputation.

Michael Happel is New York REITs CEO and president. The firm is headquartered in 405 Park Avenue. -TA


11/12/18
...their stake in the 1.8 million-square-foot office tower from New York REIT as part of its liquidation sale. At one point, SL Green was rumored to...

11/07/18
...at 350 West 50th Street (Credit: iStock and Wikipedia) New York REIT, once a company with 4.4 million square feet of commercial space in the city, is...

11/07/18
...owned by Savannah Partners.  After being sold to New York REIT for $335 million that same year, the property was sold again last year to Columbia...

11/05/18
...private equity firm Rhone Group. WeWork hired former New York REIT CEO Wendy Silverstein as ARK’s chief investment officer. ARK is close to a...

...their stake in the 1.8 million-square-foot office tower from New York REIT as part of its liquidation sale. At one point, SL Green was rumored to...

10/03/18
...of this story incorrectly stated the leaseholder was New York REIT, not New York City REIT...

10/02/18
...profit. As a part of its ongoing liquidation, New York REIT earlier this year found a buyer for the Viceroy Hotel — but made a deal...

09/26/18
...on Billionaires’ Row for $41 million from the now-liquidated New York REIT — a steal compared to the $149 million the seller purchased it for in 2013. And last...

...on Billionaires’ Row for $41 million from the now-liquidated New York REIT — a steal compared to the $149 million the seller purchased it for in 2013. And last...

07/27/18
...Highway, $30.5 million Buyer: AB Capstone, Richard Harris Seller: New York REIT AB Capstone and Richard Harris teamed up to purchase 1100 Kings Highway and 2067 Coney Island...

07/27/18
...of heart.” Wendy Silverstein, the incoming CEO of New York REIT and a former top executive at Vornado Realty Trust, echoed that point. As a...

07/20/18
...Brookfield paid $31.5 million to buy the properties from New York REIT, which spent nearly $45 million acquiring them between 2010 and 2012. Brookfield plans to run the properties...

07/13/18
...Arden Group, Viceroy Hotel and Resorts, and Booking) New York REIT finally found a buyer for the Viceroy Hotel – at a sliver of the price...

07/13/18
...according to a new report. The CEO of New York REIT will leave her current company and step down from its board, Bloomberg reported. She...

06/06/18
...condo at 50 Varick Street, which it acquired from New York REIT for $135 million last August. Est4te Four previously announced plans to build a $400 million...

05/29/18
...properties on Bleecker Street in Greenwich Village from New York REIT, which had spent nearly $45 million acquiring the properties between 2010 and 2012. The Canadian-based investor and...

05/18/18
...Babaev is the majority buyer of two of New York REIT...

04/23/18
...of properties on Bleecker Street it bought from New York REIT for $31.5 million. The global investor plans to create an incubator for emerging online brands...

04/13/18
...West 17th Street on the same block, from New York REIT in a $515 million deal. The fully-leased tower contains the New York City headquarters of...

03/09/18
...neighborhood, JMC Holdings recently landed $51 million to buy New York REIT’s office building at 306 East 61st Street, and former hedge fund manager Philip Falcone...

03/09/18
Los Angeles has a new weapon in its constant battle for supremacy with New York: better office real estate profits. A study from Green Street...

03/08/18
...executives — though Wendy Silverstein, now the CEO of New York REIT, was third in command there for years before departing in 2015. Meanwhile, SL Green Realty...

03/02/18
...Silverstein Brookfield Property Partners is buying more of New York REIT’s holdings, the few remaining properties not yet sold in the real estate investment...

03/01/18
...Craig Solomon JMC Holdings scored $51 million to buy New York REIT...

02/22/18
...and parking garage at 350 West 42nd Street from New York REIT. And late last year, the investor paid $24 million to buy a handful of retail...
New York REIT, VP, Asset Management
405 Park Avenue, New York, NY
Zachary Pomerantz manages the assets of New York REIT, one of the largest...
New York REIT, CIO
405 Park Avenue, New York, NY, 212.415.6500
Patrick O’Malley oversees investments and investment strategy for one of the largest publicly...
New York REIT, CEO and President
405 Park Avenue, New York, NY, 212.415.6500
Michael Happel leads one of the largest publicly traded real estate investment and...
  • Event Sales
  • Address 120 West 57th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 128,433
  • Price $ 41,000,000
  • Publication Date 10/29/2018
  • Event Date 10/22/2018
  • Party 1 New York REIT
  • Party 2 Arden Group
notes
The buyer acquired the Midtown property for $41 million.
  • Event Sales
  • Address 120 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 128,433
  • Price $ 41,000,000
  • Publication Date 07/16/2018
  • Event Date 07/13/2018
  • Party 1 New York REIT
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Arden Group
notes
The buyer entered into a contract to purchase the Midtown hotel for $41 million.
  • Event Sales
  • Address 2067 Coney Island Avenue
  • Neighborhood Gravesend
  • Borough Brooklyn
  • Square feet 43,318
  • Price $ 30,500,000
  • Publication Date 06/04/2018
  • Event Date 05/18/2018
  • Party 1 New York REIT
  • Party 2 Meir Babaev
notes
The buyer secured the 2 buildings in Gravesend for $30.5 million.
  • Event Sales
  • Address 387 Bleecker Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 31,500,000
  • Publication Date 05/15/2018
  • Event Date 04/18/2018
  • Party 1 New York REIT
  • Party 2 Brookfield Property Partners
notes
The buyer acquired 7 storefronts across 4 properties in the West Village for $31.5 million.
  • Event Sales
  • Address 350 West 42nd Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 43,000
  • Price $ 25,100,000
  • Publication Date 02/06/2018
  • Event Date 01/11/2018
  • Party 1 New York REIT
  • Party 2 HUBB NYC
notes
The REIT sold the first standalone retail property in the liquidation of its multibillion-dollar portfolio for $25.1 million.
  • Event Sales
  • Address 1440 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 747,576
  • Price $ 520,000,000
  • Publication Date 01/09/2018
  • Event Date 12/21/2017
  • Party 1 New York REIT
  • Party 1 Brokerage CBRE, Eastdil Secured
  • Party 2 CIM Group
notes
The buyer acquired the Midtown building for $520 million.
  • Event Sales
  • Address 256 West 38th Street
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 270,000
  • Price $ 155,000,000
  • Price per foot $ 580.00
  • Publication Date 11/13/2017
  • Event Date 11/07/2017
  • Party 1 New York REIT
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Kevin Donner, Adam Donegar, Adam Spies, Douglas Harmon
  • Party 2 Investcorp, Brickman
notes
The buyers acquired the property for $155 million.
  • Event Sales
  • Address 245-249 West 17th Street, 218 West 18th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 446,000
  • Price $ 514,000,000
notes
The real estate investment trust acquired three fully leased office buildings for $514 million.
  • Event Sales
  • Address 350 West 50th Street
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Square feet 626,821
  • Price $ 828,000,000
  • Amount Price 1
  • Publication Date 11/01/2017
  • Event Date 09/19/2017
  • Party 1 New York REIT
  • Party 2 RXR Realty; SL Green Realty
notes
The two firms partnered to take a 48.7% stake in One Worldwide Plaza for $828 million.
  • Event Financing
  • Address 50 Varick Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 150,000
  • Price $ 77,800,000
  • Publication Date 10/01/2017
  • Event Date 08/29/2017
  • Party 1 Est4te Four
  • Party 2 New York REIT
notes
The Italian real estate firm acquired a $77.8 million loan.
  • Event Financing
  • Address 123 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 493,039
  • Price $ 140,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 American Realty Capital New York Reit
  • Party 2 Barclays Bank
notes
The commercial and office property secured a $140 million loan.
  • Event Office Leasing
  • Address 245 West 17th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 24,000
notes
The professional baseball organization signed a lease for the eighth and ninth floors.
  • Event Sales
  • Address 1623 Kings Highway
  • Neighborhood Midwood
  • Borough Brooklyn
  • Square feet 20,000
  • Price $ 17,000,000
  • Price per foot $ 850.00
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 New York REIT
  • Party 1 Brokerage Forte Capital Management
  • Party 1 Broker Chaim Cahane
  • Party 2 Lido Realty
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Robert Knakal, Alex Svetlakou, Jonathan Hageman
notes
The mixed-use property sold for $17 million.
  • Event Sales
  • Address 163 Washington Avenue
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Price $ 37,658,000
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 New York REIT
  • Party 1 Brokerage HFF
  • Party 1 Broker Rob Rizzi, Jeff Julien, Rob Hinckley
notes
The 16-story, 49-unit building was sold.
  • Event Office Leasing
  • Address 1440 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 34,000
  • Event Office Leasing
  • Address 1 Worldwide Plaza
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 33,000
  • Event Retail leasing
  • Address 350 West 50th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 35,000
  • Event Office Leasing
  • Address 350 West 50th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 68,000
  • Event Office Leasing
  • Address 1 Worldwide Plaza
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 32,600
notes
The media company signed a lease to occupy the 30th floor. The reported asking rent was $70 per square foot.
Queens, 11414
WHARTON REALTY
...
Manhattan, 10019
WWP OFFICE, LLC
One Worldwide Plaza is a 778-foot mixed-use office and residential skyscraper in Midtown,...
Manhattan, 10012
115 Spring Street is a low-rise, residential condominium and retail building in Manhattans...
Brooklyn, 11249
Magnum Real Estate Group, NORTH 3RD TOWNHOUSES LLC
248 Bedford Avenue is a 174,299 square foot building in the Williamsburg neighborhood...
Manhattan, 10065
OWNER / AGENT
21 East 66th Street, or Chez 66, is a 121-foot residential condominium building...
Manhattan, 10065
752 MADISON OWNER 3 L
19-21 East 65 Street are low-rise, mixed use properties in the Lenox Hill...
Manhattan, 10001
11 WEST 34TH STREET O
11 West 34th Street is a low-rise commercial building in Midtown, Manhattan. It...
Manhattan, 10019
Related Companies, 56TH STREET ASSOCIATES L.L.C.
1745 Broadway, also known as Random House Tower and the Park Imperial Apartments,...
Manhattan, 10022
800 THIRD AVENUE ASSO
800 Third Avenue, also known as the North American Plywood Building, is a...
Manhattan, 10022
600 LEXINGTON OWNER L
600 Lexington Avenue, alternatively known as Manhattan Tower, is a 436-foot office skyscraper...
Manhattan, 10017
LANE OWNER LLC
461 Fifth Avenue is a 376-foot office skyscraper in Midtown, Manhattan. It was...
Manhattan, 10010
SL Green Realty, SL GREEN REALTY CORP
1 Madison Avenue (effectively 1-9 Madison Ave.), also known as the Metropolitan Life...
Manhattan, 10007
100 CHURCH FEE OWNER
100 Church Street is a high-rise commercial office building in Manhattans financial district....
Manhattan, 10036
SL GREEN REALTY CORP.
1185 Sixth Avenue (or Avenue of the Americas), formerly known as J.P. Stevens...
Manhattan, 10017
420 Lexington Avenue, or The Graybar Building, is an office skyscraper at 420-430...
Manhattan, 10017
SL GREEN REALTY, ONE VANDERBILT OWNER LLC
This property is a new development. The developer(s) filed plans in September of...

...Street, last summer to American Realty Capital’s New York REIT for $335 million, more than four times the $75.8 million it paid for the property in...
Manhattan, 10017
SL GREEN REALTY, ONE VANDERBILT OWNER LLC
This property is a new development. The developer(s) filed plans in September of...