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TF Cornerstone

387 Park Ave South
New York, NY
(212) 672-1000
Website

TF Cornerstone is a New York City real estate developer and owner and developer of both residential and commercial property.

It is perhaps best-known, however, for its residential holdings, particularly luxury rentals such as 2 Gold Street and 45 Wall Street in the Financial District as well as 200 West 26th Street in Chelsea and 201 East 69th Street on the Upper East Side. TF Cornerstone also developed 505 West 37th Street, an 825-unit development in Manhattans emerging Hudson Yards area. Some apartments in these buildings rent in the low five figures.

Commercially, the firm controls the office buildings 230 Park Avenue South, the Carnegie Hill Tower, 645 Madison Avenue and 387 Park Avenue South, where TF Cornerstone has its headquarters.

The firm grew out of the work of brothers Tom and Fred Elghanayan, who spun off from their old Rockrose firm into TF Cornerstone in 2009. Tom serves as chairman of the firm and Fred as president.

TF Cornerstone, Associate Broker
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Associate Broker
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Corporate Broker
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Corporate Broker
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Real Estate Salesperson
387 Park Avenue South, 7th Floor, New York, NY
...
  • Event Financing
  • Address 595 Dean Street
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Price $ 75,000,000
  • Publication Date 05/30/2019
  • Event Date 05/28/2019
  • Party 1 TF Cornerstone
  • Party 2 M&T Bank
notes
The lender issued a loan of $75 million for the Prospect Heights portfolio.
  • Event Sales
  • Address 615 Dean Street
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Price $ 143,100,000
  • Publication Date 03/02/2019
  • Event Date 02/26/2019
  • Party 1 Greenland Forest City Partners
  • Party 2 TF Cornerstone
notes
The buyer secured the Prospect Heights portfolio for $143.1 million.
  • Event Retail Leasing
  • Address 155 West 56th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 700
notes
The cafe inked a lease for the Midtown West location.
  • Event Financing
  • Address 52-03 Center Boulevard
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 776,624
  • Price $ 700,000,000
notes
The lender issued a loan of $700 million for the Long Island City property.
  • Event Financing
  • Address 33 Bond Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 265,700,000
  • Publication Date 07/02/2018
  • Event Date 07/02/2018
  • Party 1 TF Cornerstone
  • Party 2 M&T Realty Capital
notes
The owners secured a loan of $265.7 million for the Brooklyn Heights property.
  • Event Office Leasing
  • Address 230 Park Avenue South
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 362,000
notes
The communications company inked a lease for its new headquarters in New York City.
  • Event Sales
  • Address 38-21 12th Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 37,700
  • Price $ 25,500,000
  • Publication Date 02/06/2018
  • Event Date 01/09/2018
  • Party 1 220 LIC LLC, EK 38th Avenue LLC
  • Party 2 TF Cornerstone
notes
The buyer acquired the Long Island City industrial building for $25.5 million.
  • Event Retail Leasing
  • Address 300 Livingston Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 1,051
notes
The "better bodedga" inked a 15-year lease in Downtown Brooklyn.
  • Event Retail Leasing
  • Address 300 Livingston Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 1,820
notes
The "better bodedga" inked a 15-year lease in Downtown Brooklyn.
  • Event Retail Leasing
  • Address 300 Livingston Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 1,722
  • Price per foot $ 125.00
notes
The Colombian coffee shop inked a 15-year lease.
  • Event Retail Leasing
  • Address 300 Livingston Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 52,000
notes
The sports and entertainment center inked a lease.
  • Event Financing
  • Address 152 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 555,000
  • Price $ 325,000,000
  • Publication Date 05/01/2017
  • Event Date 04/13/2017
  • Party 1 TF Cornerstone
  • Party 1 Brokerage Singer & Bassuk Organization
  • Party 1 Broker Jeremy Shell
  • Party 2 Metropolitan Life Insurance Company
notes
The entity secured a refinance of $325 million for the Carnegie Hall Tower on Billionaire's Row.
  • Event Office Leasing
  • Address 387 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 20,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 TF Cornerstone
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Matt Leon
  • Party 2 Criteo
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Peter Trivelas, Dirk Hrobsky
notes
The digital advertising firm is expanding its footprint.
  • Event Office Leasing
  • Address 90 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 4,197
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 TF Cornerstone
  • Party 1 Brokerage JLL
  • Party 1 Broker Ed Ditolla
  • Party 2 Change to Win
  • Party 2 Brokerage Bantam Realty Services
  • Party 2 Broker Daniel Rodriguez-Sains, Emory Hardy
notes
The Non-For Profit signed a lease.
  • Event Sales
  • Address 31-46 Steinway St, 31-48 Steinway St
  • Neighborhood Astoria
  • Borough Queens
  • Square feet 20,800
  • Price $ 13,550,000
notes
The two retail properties with residential units were sold for $13.55 million.
  • Event Office Leasing
  • Address 387 Park Avenue South
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 20,000
notes
The bank signed a lease.
  • Event Retail Leasing
  • Address 270 Seventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,500
notes
The bank signed a lease.
  • Event Retail Leasing
  • Address 7 East 14th Street
  • Neighborhood Union Square
  • Borough Manhattan
  • Square feet 825
notes
The juice café signed a lease.
  • Event Retail Leasing
  • Address 310 East 23rd Street
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 2,114
notes
The fitness company signed a lease.
  • Event Office Leasing
  • Address 250 West 55th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 55,000
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 TF Cornerstone
  • Party 1 Brokerage Newmark Grubb Knight Frank, TF Cornerstone
  • Party 1 Broker Matt Leon, Chip Sealy
  • Party 2 Greystone & Company
notes
The real estate financing firm renewed and expanded its lease on the 4th, 11th, 26th, 53rd and 60th floors.
  • Event Retail Leasing
  • Address 7 East 14th Street
  • Neighborhood Union Square
  • Borough Manhattan
  • Square feet 825
notes
The restaurant signed a lease.
  • Event Retail Leasing
  • Address 107 Horatio Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,113
notes
The dry cleaners signed a lease.
  • Event Office Leasing
  • Address 37 East 18th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 7,500
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 TF Cornerstone
  • Party 1 Brokerage TheSquareFoot
  • Party 1 Broker Ken Quinlan
  • Party 2 Body Labs
  • Party 2 Brokerage Cornerstone Management
  • Party 2 Broker Leonard Fox
notes
The digital scanning company signed a 5-year lease.
  • Event Financing
  • Address 387 Park Avenue South
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 222,000
  • Price $ 100,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 TF Cornerstone
  • Party 1 Brokerage Singer & Bassuk Organization
  • Party 2 Axa Equitable Life Insurance
notes
The company secured a $100 million 10-year loan.
  • Event Retail Leasing
  • Address 71 University Place
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 1,034
notes
The cellular phone company singed a lease.
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03/15/2018
New York's skyline has been filling up with one tower after another, and many of these projects are being designed by the top architecture firmsNew York's skyline has been filling up with one tower after another, and many of these projects are being designed by the top architecture firms...

03/01/2018
(Illustration by Osvaldo Casanova) The battle for designing One Vanderbilt came down to three distinguished architecture firms, all with impressive international portfolios â€' and chops building (Illustration by Osvaldo Casanova) The battle for designing One Vanderbilt came down to three distinguished architecture firms, all with impressive international portfolios â€' and chops building...

12/29/2017
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12/29/2017
4) 52-03 Center Boulevard, Queens In October, TF Cornerstone proposed a 776,624-square-foot residential building in Long Island City...

09/01/2017
TF Cornerstone snagged the No...

07/01/2016
AvalonBay Communities, a publicly traded real estate investment trust, has completed or begun more than 3,000 rental units in the city within the last 10 years. TF Cornerstone, the real estate firm run by brothers K...

01/14/2016
Clockwise from left: Silver Towers, 75 West End Avenue, 1 River Place and 505 37th Avenue Did you know four of the five largest buildings Clockwise from left: Silver Towers, 75 West End Avenue, 1 River Place and 505 37th Avenue Did you know four of the five largest buildings...

09/01/2015
7 on TRD’s list with roughly 820,500 square feet under development, is building the first phase in a joint venture with Phipps Houses and Monadnock Construction. The trio will build over 900 units. Tom and Frederick Elghanayan’s TF Cornerstone and Selfhelp Community Services are developing the second phase, with a total of 1,193 units, including 400 market-rate rentals...

09/01/2014
A Colombian buyer reportedly paid all cash for the three-bedroom unit in TF Cornerstone’s 17-story building, which launched sales in 2008...

11/01/2013
Slightly outside of the Financial District in the Fulton Street/South Street Seaport area, NestSeekers International has a significant presence, thanks to a large number of exclusive listings at TF Cornerstone’s 99 John Street and at a condominium property at 138 Fulton Street...

12/01/2012
Elghanayan is a member of the well-known real estate family that owns residential-focused firms TF Cornerstone and Rockrose Development...

09/01/2012
Thomas Elghanayan, chairman of TF Cornerstone, said he interviewed several brokerage firms before settling on RKF to represent space at 95 Horatio Street, a large rental building with retail fronting Washington, Gansevoort and West streets...

09/30/2011
In some buildings, landlords continued to remain bullish. For example, in the 22-story Class A property at 645 Madison Avenue, landlord TF Cornerstone put the entire 17th floor, a 7,000-square-foot space, on the market last month with an asking price of $110 a square foot...

05/01/2010
Eight-year-old firm Nest Seekers also appeared to gain ground this year, growing from 127 agents to 168, according to its Web site. Company founder Eddie Shapiro said that's due in part to several high-profile new projects the firm is marketing, including TF Cornerstone condos 99 John Street in Lower Manhattan and the View in Long Island City...
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