TF Cornerstone | The Real Deal New York

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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.


01/11/18
...UPDATED, 5:35 p.m., Jan. 11: Max Elghanayan, son of TF Cornerstone co-founder Frederick Elghanayan and an heir to one of New York real estate’s...

01/09/18
...th Street (Credit: PropertyShark) UPDATED, 8:33 p.m., Jan. 9: TF Cornerstone has scooped up another Long Island City property, buying 38-21 12th Street for $25.5 million...

12/29/17
...Number of projects: 12 | Total sf: 2.2 million In October, TF Cornerstone filed plans for a 56-story, 800-unit building in Long Island City. The project, planned...

12/29/17
...for $340 million. 4) 52-03 Center Boulevard, Queens In October, TF Cornerstone proposed a 776,624-square-foot residential building in Long Island City. The 56-story, 800-unit building will...

12/26/17
...Winick Steve Gonzales, head of retail leasing for TF Cornerstone, said the asking rent is just the starting point at the negotiating table. “People...

12/20/17
...TF Cornerstone refinanced its residential tower 45 Wall Street with a $144 million Freddie Mac mortgage issued by...

12/18/17
...to get $400 for a bank,” said Steve Gonzalez, TF Cornerstone’s retail leasing director. One of the core reasons banks are looking for smaller...

...Winick Steve Gonzales, head of retail leasing for TF Cornerstone, said the asking rent is just the starting point at the negotiating table. “People...

...to get $400 for a bank,” said Steve Gonzalez, TF Cornerstone’s retail leasing director. One of the core reasons banks are looking for smaller...

11/28/17
...hashtag #Williamsburg on Instagram brings up pictures of TF Cornerstone’s 33 Bond Street, a new apartment building in Downtown Brooklyn. And paid links direct...

11/24/17
...Shell Jeremy Shell Head of Finance and Acquisition, TF Cornerstone Have you seen seen any shift in the lending industry recently? We continue to...

11/17/17
...arts and culture could be included as well. TF Cornerstone is also planning a project in Hunter’s Point South project nearby that will...

11/15/17
...manage the process. The project is similar to TF Cornerstone’s development nearby on a piece of land owned by the city at 44th...

...hashtag #Williamsburg on Instagram brings up pictures of TF Cornerstone’s 33 Bond Street, a new apartment building in Downtown Brooklyn. And paid links direct...

...Shell Jeremy Shell Head of Finance and Acquisition, TF Cornerstone Have you seen seen any shift in the lending industry recently? We continue to...

10/20/17
...Credit: ODA) After years of problems and delays, TF Cornerstone has filed the initial permits to build its Hunters Point South project on the...

10/19/17
...perhaps sneakily) on Instagram brings up pictures of TF Cornerstone...

10/18/17
...Property Advisors’ Daniel Wechsler told the Post. Nearby, TF Cornerstone is planning a $925 million megaproject on the waterfront that would include 1,000 apartments, 400,000 square feet...

10/17/17
...the earliest projects I worked with was with TF Cornerstone in Helen Rosenthal’s district. There was a new mayor and council, and I...

...the earliest projects I worked with was with TF Cornerstone in Helen Rosenthal’s district. There was a new mayor and council, and I...

09/13/17
...its properties throwing off $386.3 million in revenue for 2015. TF Cornerstone snagged the No. 3 slot on both lists, with 9.9 million square feet in holdings and...

...its properties throwing off $386.3 million in revenue for 2015. TF Cornerstone snagged the No. 3 slot on both lists, with 9.9 million square feet in holdings and...

08/17/17
...-40 44th Road and 4-99 44th Road (Credit: TF Cornerstone) A Long Island City advocacy group is fighting TF Cornerstone's planned mixed-use waterfront development...

08/14/17
...up. The Elghanayans split into Rockrose Development and TF Cornerstone in 2009, the Milsteins split into Milstein Properties and Ogden Cap Properties in 2003, and Billy...

08/02/17
...Chelsea Piers in West Chelsea. Steve Gonzalez of TF Cornerstone represented the landlord in-house, along with a Winick Realty Group team comprised of Steven...
TF Cornerstone, Real Estate Salesperson
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, Associate Broker
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Associate Broker
387 Park Avenue South, 7th Floor, New York, NY
...
  • Event Financing
  • Address 152 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 555,000
  • Price $ 325,000,000
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
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 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 270 Seventh Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,500
notes
The bank signed a lease.
  • 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 310 East 23rd Street
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 2,114
notes
The fitness company 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 Retail Leasing
  • Address 107 Horatio Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,113
notes
The dry cleaners signed a lease.
  • Event Retail Leasing
  • Address 7 East 14th Street
  • Neighborhood Union Square
  • Borough Manhattan
  • Square feet 825
notes
The restaurant signed a lease.
  • Event Office Leasing
  • Address 250 West 55th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 55,000
notes
The real estate financing firm renewed and expanded its lease on the 4th, 11th, 26th, 53rd and 60th floors.
  • Event Retail Leasing
  • Address 71 University Place
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 1,034
notes
The cellular phone company singed a lease.
  • Event Financing
  • Address 387 Park Avenue South
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 222,000
  • Price $ 100,000,000
notes
The company secured a $100 million 10-year loan.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 32,000
notes
The internet based mattress company signed a lease.
  • Event Sales
  • Address 475 Sixth Avenue
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 30,000,000
notes
TF Cornerstone acquired the 46-year ground lease for a retail co-op for $30 million.
  • Event Retail Leasing
  • Address 387 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 10,700
notes
The restaurant signed a lease.
  • Event Office Leasing
  • Address 387 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 19,269
notes
The Paris-based online advertising firm signed an expansion lease in the building, bringing its presence to 60,000 sf.
  • Event Retail Leasing
  • Address 86 Gansevoort Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 5,125
notes
The contemporary art gallery signed a lease.
  • Event Office Leasing
  • Address 101 Maiden Lane
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,670
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 TF Cornerstone
  • Party 2 Dos Toros
  • Party 2 Brokerage Zelnik & Company
  • Party 2 Broker Adam Langer
notes
The mexican restaurant signed a lease for its ninth location in the city.
  • Event Retail Leasing
  • Address 387 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 11,000
notes
The restaurant signed a lease.
  • Event Retail Leasing
  • Address 387 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 4,061
notes
The retailer signed a lease.
  • Event Retail Leasing
  • Address 387 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 4,601
  • Price per foot $ 250.00
notes
The gym signed a lease.
  • Event Retail Leasing
  • Address 101 Maiden Lane
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,500
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 TF Cornerstone
  • Party 2 Juice Generation
  • Event Office Leasing
  • Address 387 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 19,000
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31-46 STEINWAY LLC
31-48 Steinway Street is a 11,615 square foot property built in 1921 in...
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340 EAST 34 II L.L.C.
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TF Cornerstone, 205 PEARL LLC
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200-220 WEST 26 LLC
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201 EAST 69 LLC
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BROAD STREET PLAZA, L
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ROCKROSE DEVELOPMENT, MIDTOWN WEST A LLC
455 West 37th Street is a 338,820 square foot building in the Hell’S...
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45 WALL ST. L.L.C.
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2 GOLD LLC
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ROCKROSE DEVELOPMENT, ROCKROSE GC MWB LLC
505 West 37th Street is an 834,583 square foot building in the Hell’S...
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TF CORNERSTONE, 33 BOND ST. LLC
33 Bond Street is a 599,375 square foot building in the Boerum Hill...
Manhattan, 10019
TF Cornerstone, 606 WEST 57 LLC
...

...units in the city within the last 10 years. TF Cornerstone, the real estate firm run by brothers K. Thomas and Frederick Elghanayan, has developed...

421a-TRData-feature
01/14/16
...this year amounts to $11.5 million. 505 West 37th Street TF Cornerstone...

...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...

...paid all cash for the three-bedroom unit in TF Cornerstone’s 17-story building, which launched sales in 2008. The apartment was a resale, not a...

...to a large number of exclusive listings at TF Cornerstone’s 99 John Street and at a condominium property at 138 Fulton Street. In Battery Park...

...well-known real estate family that owns residential-focused firms TF Cornerstone and Rockrose Development.   Seller: Cariplo Pension Fund Address: 10 East 53rd Street Total profit...

...which leased to UGG. Thomas Elghanayan, chairman of TF Cornerstone, said he interviewed several brokerage firms before settling on RKF to represent space at...

...-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...

...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. Still...
Queens, 11101
TF CORNERSTONE, 44-15 PURVES STREET LLC
The sponsor(s) filed plans on 01/13/12 for a condo project at 44-15 Purves...
Brooklyn, 11217
TF Cornerstone, 33 BOND ST. LLC
33 Bond Street is a 599,375 square foot property in the Noho neighborhood...
Brooklyn, 11201
TF Cornerstone, 33 BOND ST. LLC
...
Manhattan, 10038
TF Cornerstone, 205 PEARL LLC
...
Manhattan, 10019
TF Cornerstone, 606 WEST 57 LLC
...
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