advanced search TF Cornerstone
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.
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TF Cornerstone, Associate Broker
387 Park Avenue South, 7th Floor, New York, NY
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Corporate Broker
387 Park Avenue South, 7th Floor, New York, NY
387 Park Avenue South, 7th Floor, New York, NY
...
TF Cornerstone, Real Estate Salesperson
387 Park Avenue South, 7th Floor, New York, NY
387 Park Avenue South, 7th Floor, New York, NY
...
- Event Retail Leasing
- Address 606 West 57th Street
- Neighborhood Hell's Kitchen
- Borough Manhattan
- Square feet 7,900
- Publication Date 08/14/2020
- Event Date 08/13/2020
- Party 1 TF Cornerstone
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Daniyel Cohen
- Party 2 Century Medical & Dental
- Party 2 Brokerage Winick Realty Group
- Party 2 Broker Manu Wendum, Lee Block
notes
The tenant inked a lease for the Hell's Kitchen space.
- Event Financing
- Address 505 West 37th Street
- Neighborhood Hudson Yards
- Borough Manhattan
- Square feet 835,000
- Price $ 374,000,000
- Publication Date 06/05/2020
- Event Date 06/04/2020
- Party 1 TF Cornerstone
- Party 2 New York State Housing Finance Agency
notes
The owner secured a loan of $374 million for the Hudson Yards property.
- Event Retail Leasing
- Address 202 East 70th Street
- Neighborhood Upper East Side
- Borough Manhattan
- Square feet 3,572
- Publication Date 01/31/2020
- Event Date 01/31/2020
- Party 1 TF Cornerstone
- Party 1 Brokerage TF Cornerstone
- Party 2 Tacombi
- Party 2 Brokerage Level Group
- Party 2 Broker Michael Greenberg, Larry Link
notes
The taqueria inked a 15-year lease for the Upper East Side building.
- Event Financing
- Address 250 North 10th Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 82,750,000
- Publication Date 01/24/2020
- Event Date 01/21/2021
- Party 1 TF Cornerstone
- Party 2 M&T Bank
notes
The buyer secured an acquisition loan of $82.75 million for the Williamsburg property.
- Event Sales
- Address 250 North 10th Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 137,750,000
- Publication Date 01/24/2020
- Event Date 01/21/2021
- Party 1 Nuveen
- Party 2 TF Cornerstone
notes
The buyer secured the Williamsburg property for $137.75 million.
- Event Financing
- Address 252 Seventh Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Price $ 30,000,000
- Publication Date 12/27/2019
- Event Date 12/19/2019
- Party 1 TF Cornerstone
- Party 2 Brighthouse Life Insurance
notes
The owner secured a loan of $30 million for the Chelsea portfolio.
- 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
- Publication Date 03/02/2019
- Event Date 02/27/2019
- Party 1 TF Cornerstone
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Daniyel Cohen, Steven Baker
- Party 2 Taylor Street Baristas
- Party 2 Brokerage Dartmouth Company
- Party 2 Broker Joe Mastromonaco, Fritz Kemerling, Evan Clements
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
- Publication Date 01/06/2019
- Event Date 01/04/2019
- Party 1 TF Cornerstone
- Party 2 Department of Housing Preservation and Development
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
- Publication Date 06/18/2018
- Event Date 06/14/2018
- Party 1 TF Cornerstone
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Bruce Mosler, Ethan Silverstein, Mark Mandell
- Party 2 Discovery Communications
- Party 2 Brokerage JLL
- Party 2 Broker Cynthia Wasserberger, Michael Berg, Joe Judge
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
- Publication Date 12/18/2017
- Event Date 12/11/2017
- Party 1 TF Cornerstone
- Party 1 Brokerage TF Cornerstone, Winick Realty Group
- Party 1 Broker Steve Gonzalez; Steven Baker, Aaron Fishbein, Daniyel Cohen
- Party 2 Dépanneur
- Party 2 Brokerage Ripco Real Estate
- Party 2 Broker Andrew Clemens, Ben Weiner
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
- Publication Date 12/18/2017
- Event Date 12/11/2017
- Party 1 TF Cornerstone
- Party 1 Brokerage TF Cornerstone, Winick Realty Group
- Party 1 Broker Steve Gonzalez; Steven Baker, Aaron Fishbein, Daniyel Cohen
- Party 2 Dépanneur
- Party 2 Brokerage Ripco Real Estate
- Party 2 Broker Andrew Clemens, Ben Weiner
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
- Publication Date 08/01/2017
- Event Date 06/15/2017
- Party 1 TF Cornerstone
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Daniyel Cohen, Aaron Fishbein, Steven Baker
- Party 2 Devoción
- Party 2 Brokerage Covell Consulting Group
- Party 2 Broker Jordan Covell
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
- Publication Date 08/01/2017
- Event Date 07/10/2017
- Party 1 TF Cornerstone
- Party 1 Brokerage TF Cornerstone; Winick Realty Group
- Party 1 Broker Steve Gonzalez; Steven Baker, Aaron Fishbein, Daniyel Cohen
- Party 2 Chelsea Piers
- Party 2 Brokerage Chelsea Piers
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
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 31-46 & 48 LLC
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Brian Ezratty
- Party 2 TF Cornerstone
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
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 TF Cornerstone
- Party 1 Brokerage TF Cornerstone
- Party 1 Broker Chip Sealy
- Party 2 Silicon Valley Bank
- Party 2 Brokerage Colliers International
- Party 2 Broker Robert Tunis, Eric Ferriello
notes
The bank signed a lease.
- Event Retail Leasing
- Address 270 Seventh Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 3,500
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 TF Cornerstone
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Aaron Fishbein
- Party 2 Bank of America
- Party 2 Brokerage CBRE
- Party 2 Broker David LaPierre, Stephen Sjurset
notes
The bank signed a lease.
- Event Retail Leasing
- Address 7 East 14th Street
- Neighborhood Union Square
- Borough Manhattan
- Square feet 825
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 TF Cornerstone
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Aaron Fishbein
- Party 2 Pressed Juicery
- Party 2 Brokerage F&B Group
- Party 2 Broker Julian Hitchcock
notes
The juice café signed a lease.
- Event Retail Leasing
- Address 310 East 23rd Street
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 2,114
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 TF Cornerstone
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Aaron Fishbein
- Party 2 CKO Kickboxing
- Party 2 Brokerage Coldwell Banker
- Party 2 Broker Hector Urizar
notes
The fitness company signed a lease.
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Queens, 11101
TF Cornerstone, 52-41 CENTER LLC
TF Cornerstone, 52-41 CENTER LLC
This property is a new development. 52-41 Center Boulevard is a 382,904 square...
Queens, 11103
31-46 STEINWAY LLC
31-46 STEINWAY LLC
31-48 Steinway Street is a 11,615 square foot property built in 1921 in...
Queens, 11101
TF Cornerstone, 44-15 PURVES STREET LLC
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
TF Cornerstone, 33 BOND ST. LLC
33 Bond Street is a 599,375 square foot property in the Noho neighborhood...
Queens, 11109
TF Cornerstone, EAST COAST 5 L.L.C.
TF Cornerstone, EAST COAST 5 L.L.C.
The sponsor(s) filed plans on 04/27/07 for a condo project at 46-30 Center...
Queens, 11109
TF Cornerstone, 4610 EAST COAST LLC
TF Cornerstone, 4610 EAST COAST LLC
4610 Center Boulevard is a 483,973 square foot building built in 2014 in...
Brooklyn, 11217
TF CORNERSTONE, 33 BOND ST. LLC
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
TF CORNERSTONE, 606 WEST 57 LLC
This property is a new development. The developer(s) filed plans in July of...
03/12/2019
Following TF Cornerstoneâs Hellâs Kitchen rental project, spanning just under 1 million square feet, SLCEâs second-largest project was Rockrose Developmentâs 55-story rental building at 43-22 Queens Street in Long Island City, which the architecture firm designed in-house...
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'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'Â and chops building...
12/29/2017
The architecture firm behind the largest new project started this year was Ohio-based Ford & Associates.
The firm was hired by Matrix Development Group, which plansThe architecture firm behind the largest new project started this year was Ohio-based Ford & Associates.
The firm was hired by Matrix Development Group, which plans...
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...
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 TRDâs 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 Elghanayanâs 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 Cornerstoneâs 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 Cornerstoneâs 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...
Queens, 11101
TF Cornerstone, 52-41 CENTER LLC
TF Cornerstone, 52-41 CENTER LLC
This property is a new development. 52-41 Center Boulevard is a 382,904 square...
Brooklyn, 11217
TF Cornerstone, 33 BOND ST. LLC
TF Cornerstone, 33 BOND ST. LLC
33 Bond Street is a 599,375 square foot property in the Noho neighborhood...
Manhattan, 10019
TF CORNERSTONE, 606 WEST 57 LLC
TF CORNERSTONE, 606 WEST 57 LLC
This property is a new development. The developer(s) filed plans in July of...