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.


07/10/17
...Bond Street, Jake Elghanayan and Chelsea Piers (Credit: TF Cornerstone, Getty Images and Chelsea Piers) The company that brought the city Chelsea Piers is...

06/27/17
...is the cousin of the Elghanayans that operate TF Cornerstone and Rockrose Development. Steven's brother Michael runs the U.K. operations of EPIC. Representatives...

06/20/17
...s biggest real estate players — Brookfield, Time Equities, TF Cornerstone and Jack Resnick & Sons, to name a few. Though BIDs are often thought...

06/01/17
...below the site, according to Crain’s. Developer TF Cornerstone , which was chosen to construct the project in December 2013, changed its building design last...

05/18/17
...of a $325 million refinancing. Jeremy Shell, of landlord TF Cornerstone, claimed that nearby Billionaires' Row has “correlated very positively” to rising office rents at...

04/20/17
...Rockrose split into two separate firms – Rockrose and TF Cornerstone – in 2009.  Rockrose controls 100 Jane Street and 110 Horatio Street -- two West Village rentals. It...

04/12/17
...The Carnegie Hall Tower TF Cornerstone refinanced the Carnegie Hall Tower in Midtown with a $325 million loan from Metropolitan Life...

03/27/17
...living – advertisers included the likes of Douglas Elliman, TF Cornerstone and Morris Adjmi – charting the course of the city’s skyscrapers on his increasingly...

02/21/17
...who run real estate firms Rockrose Development and TF Cornerstone. Michael Elghanayan, his brother, heads EPIC's U.K. operations. Steven did not immediately respond...

11/07/16
...much tenants should be billed. Other developers, like TF Cornerstone, have also turned to PTAC alternatives. Bruce Weill, who works for the developer's construction...

10/24/16
...project in the works at 163 Orchard Street. 5.) Developer TF Cornerstone paid $13.6 million for a pair of adjacent retail buildings at 31-46 Steinway Street and...

10/03/16
...of 387 Park Avenue South (inset: Jake Elghanayan) (credit: TF Cornerstone) Financial firms have been increasingly inking office leases in Midtown South this year in...

08/30/16
...saturated,” said Sofia Estevez, executive vice president at TF Cornerstone , which is developing a 714-unit rental at 33 Bond Street. “I think it’ll take...

07/28/16
...Rendering of 387 Park Avenue South (credit: TF Cornerstone) Silicon Valley Bank is doubling its footprint in Manhattan and setting up shop closer...

07/14/16
...brothers — Thomas and Frederick — went on to create TF Cornerstone, while the eldest brother of the real estate family dynasty, Henry, kept the Rockrose...

06/21/16
...a $76 million operating lease at 645 Madison Avenue from TF Cornerstone. At the time, the 157,000-square-foot building had about 36,000 square feet of vacant retail space...

06/03/16
...million square feet of space. The city picked TF Cornerstone to develop a third site in the area, with a plan to build about...

05/03/16
...From left: Tom Elghanayan, Frederick Elghanayan of TF Cornerstone and rendering of Hunters Point South project TF Cornerstone is tweaking its plans for...

04/19/16
...of the city's largest developers. Forest City Ratner, TF Cornerstone, Rose Associates and the Durst Organization all attended an informational session about the RFP...

04/13/16
...Outlets and Singer & Bassuk’s refinancing of TF Cornerstone’s headquarters on Park Avenue South.) Heller congratulated the winning Newmark brokers for succinctly...

04/12/16
...and was calendared in 1988, according to Curbed. Developer TF Cornerstone bought Pepsi's land in the early 2000s with the understanding the sign would be...

03/23/16
...net lease to cover the vacant space at TF Cornerstone’s 387 Park Avenue South, a pair of brokers from The Singer & Bassuk Organization...

03/21/16
...was split in 2009 with Thomas and Frederick forming TF Cornerstone. Last year, Forbes listed the Elghanayans as the 122nd richest family in America, with...

03/17/16
...John” Elghanayan, whose nephews founded Rockrose Development and TF Cornerstone, had assembled the portfolio over several years. Elghanayan died in...

03/15/16
...trying to sell apartments at $5,000 per square foot,” TF Cornerstone’s Thomas Elghanayan told the Times. The problem may not be a lack of...
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
  • 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
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
  • 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 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
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • 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 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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...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...
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