Olnick Organization | The Real Deal New York

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Olnick Organization

135 East 57th Street, 22nd Floor
New York, NY 10022
(212) 835-2400
Website

The Olnick Organization is a real estate development and management firm. Founded just after World War II, the firm has become one of the major developers of residential and commercial real estate in Manhattan. Among its most high-profile properties are the Lenox Terrace in Harlem, which once served as the campaign headquarters for Rep. Charles Rangel, 130 Fifth Avenue, and the Excelsior at 301 East 57th Street, which was once considered the biggest apartment building in New York City. The organization also owns several buildings and office complexes in New Jersey and Westchester County. Olnick has been at the forefront of several burgeoning neighborhoods. It had been one of the first developers to erect apartments in Battery Park City, as well as helped erect residential housing in Bronx’s Riverdale neighborhood. In 2010 the firm was hit with a lawsuit over allegedly destabilizing units while receiving tax abatements, and five years later Olnick got a black eye in the press, which had dubbed it one of the worst landlords in the city over allegations that it had illegally raised the rent in rent-stabilized apartments in Lenox Terrace.


06/01/18
...Avenue WeWork is taking three floors at the Olnick Organization’s 130 Fifth Avenue. The firm, which was valued at $20 billion after its most recent...

02/05/18
...Lenox Terrace Redevelopment The Olnick Organization is prepared to offer Lenox Terrace tenants several perks in a bid to win...

01/09/18
...Lenox Terrace Redevelopment (Credit: YIMBY) The Olnick Organization...

02/24/17
...-67 Prince Street Olnick Organization locked down $85 million to refinance its office-and-retail Building On Prince Street in Soho. First...

12/08/15
...Terrace in Harlem are accusing their landlord, the Olnick Organization, of raising rent on their stabilized apartments in violation of a citywide freeze on...

10/08/15
...extraordinaire) Jay Neveloff, and Richard Lane of the Olnick Organization, who happened to be grabbing a drink next door, popped in to chat with...

...rate of just 3.6 percent. Also in Harlem, the Olnick Organization owns a 1,716-unit series of buildings known as Lenox Terrace, which combined had a...

04/11/14
...advocacy group shows. The landlord of the complex, Olnick Organization, has been mulling adding buildings to the site since 2011, as previously reported. According to...

02/27/14
...Seth Schochet, a vice president of the landlord Olnick Organization, was the in-house representative. The move represents a larger financial investment by Zillow in...

02/11/14
...the top two floors – of the 11-story, 145,000-square-foot Olnick Organization...

01/31/14
...space, located on the second floor of the Olnick Organization...

...Lufkin & Jenrette. But in 2000 he joined the Olnick Organization, which owns a number of high-profile commercial and residential complexes, including Lenox Terrace, the...

07/11/11
...The Olnick Organization, owner of Harlem's Lenox Terrace, which is home to Gov. David Patterson and Harlem...

...in Lenox Terrace, which includes six 16-story buildings. Olnick Organization officials were not available for comment. Fallout in Chelsea Tenants at London Terrace Gardens...

01/21/10
...Town. The landlord, a partnership led by the Olnick Organization, could owe anywhere from $400,000 to $6 million in rent overcharges, according to David Hersey-Webb, an...

07/17/08
...Lenox Terrace residents said the Harlem building's owner, Olnick Organization, has two sets of standards when dealing with rent-stabilized tenants. They say politically connected...

...Brown-Bornstein vice president, sales and leasing division, the Olnick Organization What surprises have you seen in the Harlem market recently? At the Lenox, they...

...Terrace was opened in 1958 and purchased by the Olnick Organization in 1968, which now offers the units as rentals. Park West Village was completed in...

...in their apartment?" said Melissa Brown at the Olnick Organization, which represents Le Triomphe. "It's just pure opulence to dedicate such a large space...

...Rissetto, director of the residential division of the Olnick Organization, which builds rentals in Manhattan, said the condo market may actually be cooling somewhat...
Olnick Organization, Real Estate Salesperson
135 East 57th Street, 22nd Floor, New York, NY, (212) 835-2400
...
Olnick Organization, Real Estate Salesperson
135 East 57th Street, 22nd Floor, New York, NY, (212) 835-2400
...
Olnick Organization, Real Estate Salesperson
135 East 57th Street, 22nd Floor, New York, NY, (212) 835-2400
...
Olnick Organization, Corporate Broker
135 East 57th Street, 22nd Floor, New York, NY, (212) 835-2400
...
Olnick Organization, Real Estate Salesperson
135 East 57th Street, 22nd Floor, New York, NY, (212) 835-2400
...
  • Event Financing
  • Address 63-67 Prince Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 169,961
  • Price $ 85,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Olnick Organization
  • Party 2 First Republic Bank
notes
The company secured an $85 million loan to refinance its office and retail building.
  • Event Financing
  • Address 2600 Netherland Avenue
  • Neighborhood University Heights
  • Borough Bronx
  • Square feet 95,000
  • Price $ 75,000,000
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 Olnick Organization
  • Party 2 Capital One
notes
The company secured a $75 million loan for its mixed-use commercial and residential building and development lot.
  • Event Office Leasing
  • Address 135 East 57th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 13,000
notes
The real estate firm signed a 12-year lease.
  • Event Retail Leasing
  • Address 1535 Third Avenue
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 5,400
notes
The bakery signed a 15-year lease.
  • Event Office Leasing
  • Address 130 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 13,300
notes
The online real estate database company signed a lease on the ninth floor.
  • Event Office Leasing
  • Address 130 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 13,300
notes
The real estate brokerage signed a lease on the entire second floor.
  • Event Office Leasing
  • Address 130 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 26,600
notes
The beauty products company signed a lease on the 10th and 11th floors.
  • Event Retail Leasing
  • Address 1535 Third Avenue
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 5,300
notes
The sporting-goods retailer signed an expansion lease. The tenant will now occupy 34,000 square feet.
  • Event Retail Leasing
  • Address 301 East 57th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 13,640
  • Publication Date 05/01/2010
  • Event Date 03/22/2010
  • Party 1 Olnick Organization
  • Party 2 Complete Body & Spa
notes
The gym signed a lease on the entire fifth floor for another location.
  • Event Retail Leasing
  • Address 1111 Second Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 3,700
notes
The rug seller signed a 10-year lease for its second shop. The reported asking rent was $125 per square foot.
  • Event Office Leasing
  • Address 135 East 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 12,800
notes
The real estate company subleased the entire 22nd floor. It is relocating from 110 East 59th Street.
  • Event Office Leasing
  • Address 270 Lafayette Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 7,604
notes
The hedge fund signed a 10-year lease for space on the 11th floor. The company is relocating from 767 Third Avenue.
  • Event Office Leasing
  • Address 130 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 13,300
notes
The online research and news service for the fashion industry signed a 10-year lease. The firm is relocating from 110 Fifth Avenue, where it has been subletting space. The company plans to move into its new space in the spring. The building is now 100 percent occupied.
  • Event Office Leasing
  • Address 245 East 58th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 12,239
notes
The public relations firm signed an expansion lease for the third floor. The company also inked a lease renewal for three floors at 301 East 57th Street, bringing its total square footage to 94,223.
  • Event Office Leasing
  • Address 130 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 63,845
notes
The division of global advertising firm Omnicom signed a lease renewal for floors two to six.
  • Event Office Leasing
  • Address 301 East 57th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 81,984
notes
The public relations firm signed a lease renewal for floors two through four. It also signed an expansion lease at 245 East 58th Street, bringing its total square footage to 94,223.
  • Event Retail Leasing
  • Address 1100 Second Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 1,809
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 1 Olnick Organization
  • Party 1 Brokerage RKF
  • Party 1 Broker Sal Ferrigno, Kenneth Shiers
  • Party 2 Vital Dent
  • Party 2 Brokerage New York Space
notes
The dental services company, which was founded in Spain and services more than two million patients through its 190 offices, took space for another New York location.
  • Event Retail Leasing
  • Building Name The Century
  • Address 2600 Netherland Avenue
  • Neighborhood Spuyten Duyvil
  • Borough Bronx
  • Square feet 80,000
notes
Tennis club renews lease.
Manhattan, 10037
LENOX TRRC DVLPMNT AS
480 Lenox Avenue is a 23,957 square foot property built in 1960 in...
Manhattan, 10011
ROC-FIFTH AVENUE ASSO
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Bronx, 10463
EDGEHILL ASSOCIATES
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Manhattan, 10037
SIXTH LENOX TERRACE ASSOCIATES
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Manhattan, 10037
THIRD LENOX TERRACE ASSOCIATES
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Manhattan, 10037
SECOND LENOX TERRACE ASSOCIATES
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Manhattan, 10037
FIRST LENOX TERRACE ASSOCIATES
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Manhattan, 10037
FOURTH LENOX TERRACE ASSOCIATES
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Manhattan, 10037
FIFTH LENOX TERRACE ASSOCIATES
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...rate of just 3.6 percent. Also in Harlem, the Olnick Organization owns a 1,716-unit series of buildings known as Lenox Terrace, which combined had a...
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