10 richest New York City Homeowners

Earlier this month, The Real Deal published data on the largest property owners across the city, based on the area of ​​ownership and the annual net operating income of each of them. This analysis is very large, and it is definitely worth reading, but for now we want to give you brief and useful information on 10, the largest homeowners in New York.

1. New York City: no wonder that the megapolis’s own government came out on top with the amount of real estate and space it owns throughout the city, says Curbes new york. TRD's analysis found that the city owns 362,1 million square feet (30-plus million square meters) and nearly 5000 parcels of land and buildings throughout the city. Some of the most recognizable and prestigious include the David N. Dinkins Municipal Buildings at 1 Central Street, home to more than 2000 city employees; and the New York Public Library building on Fifth Avenue.

2. Vornado Realty Trust: almost 30 million square feet (more than 2 million 700 thousand square meters) are associated with its name. This large firm began its existence as a discount network in New Jersey in the 1940s and gradually created its real estate empire. Today, some of its most recognizable properties include One Penn Plaza and 220 Central Park South, which is under construction, which will house one of the most expensive apartments in New York.

Фото: Depositphotos

3. SL Green Realty: 28,7 million square feet (2,6 million square meters) are owned by the company, which launched its activities when its founder, Stephen L. Green, began to buy out class B office buildings and update them for modern tenants. It paid off, and SL Green now owns 73 buildings / land around the city. One of the most notable upcoming projects is the One Vanderbilt office supermarket, which is now being built next to the Grand Central Terminal.

4. Tishman Speyer: The company was founded in 1978, when Robert V. Tishman, the grandson of a Polish immigrant, established a company with his son-in-law Jerry I. Speyer. Today, 20,5 owns millions of square feet (almost 2 million square meters) in New York and 167 millions of square feet (15,5 million square meters) worldwide. In recent years, Tishman Speyer stands behind a colossal object in 1800 units on Long Island, known as Jackson Park; the firm also unveiled its reconstruction of Downtown Brooklyn Macy's and the 51-storey condominium Studio Gang next to it.

5. Blackstone Group: Blackstone began as a boutique mergers and acquisitions firm in 1985 and was founded by Peter Peterson and Stephen A. Schwarzman (whose name is now synonymous with the main library in Manhattan). The group has become one of the largest private investment companies in the world. In New York, Blackstone owns 20,1 million square feet of real estate and acquired the Stuy-Town/Peter Cooper Village complex in 1,86 for more than $2016 billion.

Фото: Depositphotos

6. Related Companies: this real estate firm is almost single-handedly responsible for the creation of the massive Hudson Yards megaproject, and they have 18,7 million square feet of space throughout the city. But the related companies got their start from a $1,7 loan that founder Stephen Ross took from his mother to focus on developing affordable housing. In addition to Hudson Yards, Related is also behind other major projects such as 10 Vestry and the High Line Park-hugging Hudson Residences combo, which was designed by Thomas Heatherwick.

7. Columbia University: It's no surprise that the university managed to secure a spot in the top ten on this list. Although square footage qualifies it for seventh place, in terms of actual buildings and land owned by the institution, it ranks second in New York City with 246 units. The university is also expanding its own territories - a new Manhattanville campus and a new medical building on the Washington Heights campus.

8. Brookfield Property Partners: with 17,5 millions of square feet (1,6 million square meters), Brookfield ranks eighth on the list. The name of the company is perhaps the most well-known due to the huge office and shopping complex in the center of Manhattan, Brookfield Place. More recently, the firm was reminded of itself in the news in the context of the transition to it from Kushner Companies of problem real estate on 666 Fifth Avenue.

Фото: Depositphotos

9. RXR Realty: One of the newest firms in the real estate industry has already made its mark on the New York market in a little over 10 years that it has been in business. Today the company owns 16,5 million square feet (1,5 million sq.m.) of space across the city and 22 buildings/land parcels. Notable projects include the redevelopment of Pier 57 and a 34-story rental building on the Brooklyn campus of Long Island University. RXR is also part of a development team attempting to reimagine Philip Johnson's postmodern icon at 550 Madison for the 21st century.

10. New York University: 10 closes the best, owning 14,3 millions of square feet (1,3 million square meters) of space and 111 buildings and land. Like Columbia University, NYU is conducting major extensions in the city center by building a large student center on Mercer Street. Now he is also in the process of expansion in the business part of Brooklyn, the cost of the work here is 500 million dollars.

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