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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.


05/23/18
...a new 25-story rental in Brooklyn from developer TF Cornerstone. A 25-yard pool, yoga studios and a cafe will be included the property, which...

05/22/18
...estate career. In 2009, the broker landed 99 John Street, TF Cornerstone’s 442-unit rental-to-condo conversion which had been rebranded as 99 John Deco Lofts. “It’s...

...a new 25-story rental in Brooklyn from developer TF Cornerstone. A 25-yard pool, yoga studios and a cafe will be included the property, which...

05/16/18
...in development, with multiple megaprojects from Tishman Speyer, TF Cornerstone and others in various phases of planning and construction. Between 2011 and 2017, the median one-to-three-family...

05/16/18
...located in Steinway Hall’s interior. 3) 660 12th Avenue, TF Cornerstone -- increase of 303,147 sq. ft. (200 percent) This two-story FedEx distribution center on the Far...

05/03/18
...to their clients, Singer argued. In 2016, for example, TF Cornerstone tapped his firm to help refinance the Carnegie Hall Tower at 152 West 57th Street...

05/02/18
...cheese-focused French restaurant Artisinal Fromagerie Bistro owes landlord TF Cornerstone over $24 million in rent for a Park Avenue South restaurant it never opened. The...

...to their clients, Singer argued. In 2016, for example, TF Cornerstone tapped his firm to help refinance the Carnegie Hall Tower at 152 West 57th Street...

04/30/18
...finished by summer 2019. 5. 38-21 12th Street, $25.5 million Buyer: TF Cornerstone Seller: Urban Green Builders TF Cornerstone purchased this Long Island City property for $25.5 million...

04/13/18
...for doormen positions. In one memo sent by TF Cornerstone, tenants were informed that in the event of a strike, they would have to...

04/11/18
...greatly minimize the inconvenience should a walkout occur.” TF Cornerstone also told tenants they would have to remove their own trash, and that no...

04/03/18
...overdoses. In January, Max Elghanayan, the son of TF Cornerstone co-founder Frederick Elghanayan, died of an overdose at age 30. Steve Witkoff’s son, Andrew...

04/02/18
...air rights totaling 300,000 square feet for $16.6 million from TF Cornerstone above the large distribution center it leases to FedEx. “We’re very bullish on...

...overdoses. In January, Max Elghanayan, the son of TF Cornerstone co-founder Frederick Elghanayan, died of an overdose at age 30. Steve Witkoff’s son, Andrew...

03/28/18
...In October, SLCE won a contract to build TF Cornerstone’s 56-story, 800-unit residential tower at 52-03 Center Boulevard in Long Island City — the...

03/22/18
...cannot afford to ignore them. Developer and landlord TF Cornerstone, which has a large population of millennial renters, has all but eliminated the paperwork...

03/15/18
...Hudson Yards. A rendering of 33 Bond Street (Credit: TF Cornerstone) 7) Handel Architects Project: 33 Bond Street Location: 33 Bond Street, Brooklyn Heights Size: 599,375 square feet ...because...

03/14/18
...partnership between Michael Dell’s investment firm and TF Cornerstone will likely make a profit of almost $90 million selling air rights to JPMorgan Chase...

03/12/18
...will consolidate their New York City offices at TF Cornerstone’s  230 Park Avenue South. Discovery, which just completed a $12 billion takeover over Scripps, plans...

03/12/18
...the number two spot as well thanks to TF Cornerstone filing permits for the company’s second building at 52-41 Center Boulevard. This part...

...October, SLCE won a contract to work on TF Cornerstone’s 56-story, 800-unit residential tower at 52-03 Center Boulevard in Long Island City — the...

02/27/18
...overdoses. In January, Max Elghanayan, the son of TF Cornerstone co-founder Frederick Elghanayan, died of an overdose at age 30. Steve Witkoff’s son, Andrew...

02/27/18
...New York) UPDATED: Wednesday, Feb. 28 at 2:48 p.m. TF Cornerstone filed permits today with the city's Department of Buildings for a 46-story, 394-unit building...

02/26/18
...oversees assets for Dell Technologies founder, Michael Dell, TF Cornerstone and Argent Ventures, Crain's reported. MSD Capital and TF Cornerstone own a majority of...

02/23/18
...Real Estate Weekly) Max Elghanayan, the son of TF Cornerstone co-founder Frederick Elghanayan, died of an accidental drug overdose in January, according to the...
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
  • 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 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
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 TF Cornerstone
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Matthew Leon
  • Party 2 Criteo
  • Party 2 Brokerage CBRE
  • Party 2 Broker David Hollander
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
  • Publication Date 04/01/2015
  • Event Date 02/20/2015
  • Party 1 TF Cornerstone
  • Party 1 Brokerage Newmark Grubb Knight Frank, TF Cornerstone
  • Party 1 Broker Matt Leon, Chip Sealy
  • Party 2 Citi Habitats
  • Party 2 Brokerage Newmark Grubb Knight Frank
To see all, go to Advanced Search
Queens, 11103
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
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...
Manhattan, 10014
95-97 HORATIO L.L.C.
...
Brooklyn, 11201
TF Cornerstone, 33 BOND ST. LLC
...
Queens, 11109
TF Cornerstone, 4610 EAST COAST LLC
4610 Center Boulevard is a 483,973 square foot building built in 2014 in...
Manhattan, 10014
...
Queens, 11109
Rockrose Development, EAST COAST 6 L.L.C.
4720 Center Boulevard is a 477,246 square foot building in the Long Island...
Queens, 11109
TF Cornerstone, EAST COAST 4, LLC
...
Queens, 11109
TF Cornerstone, 4545 EAST COAST LLC
...
Queens, 11109
TF Cornerstone, EAST COAST 1, LLC
...
Manhattan, 10021
201 EAST 69 LLC
...
Manhattan, 10001
434 WEST 35 ST CO
...
Manhattan, 10001
200-220 WEST 26 LLC
...
Manhattan, 10016
340 EAST 34 II L.L.C.
...
Manhattan, 10038
TF Cornerstone, 205 PEARL LLC
...
Manhattan, 10001
200-220 WEST 26 LLC
...
Manhattan, 10021
201 EAST 69 LLC
...
Manhattan, 10004
BROAD STREET PLAZA, L
...
Manhattan, 10018
Rockrose Development, MIDTOWN WEST A LLC
455 West 37th Street is a 338,820 square foot building in the Hell’S...
Manhattan, 10005
45 WALL ST. L.L.C.
...
Manhattan, 10038
2 GOLD LLC
...
Manhattan, 10018
ROCKROSE DEVELOPMENT, ROCKROSE GC MWB LLC
505 West 37th Street is an 834,583 square foot building in the Hell’S...
Brooklyn, 11217
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...
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, 10019
TF CORNERSTONE, 606 WEST 57 LLC
...
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