David Werner Real Estate Investments

David Werner Real Estate Investments NYC portfolio

$1.2 billion* – elevator 64.0%, office 29.0%; Manhattan 100.0%, Bronx 0.0%

134th largest portfolio by dollar value

1,715,805 sqft – office 83%, condo 8%;

189th largest by SF

6 properties – Manhattan 100%, Bronx 0%

1283th largest

143 residential units – Manhattan 100%, Bronx 0%

1111th largest by residential units

Company Activity past 24 months:

Buyer company: 4 for $361 million

Seller company: 1 for $275 million

Borrower company: 3 for $270 million

Top Ten Associated Companies:

Northwind Group (3), Alexandria Real Estate Equities (2), Vornado Realty Trust (1), Samuel Fisch (1), UMB Bank (1), 40 Fulton (New York, NY) (Subordinated Note) Lease-Backed Pass-Through Trust (1), Barings (1), Highgate Hotels (1), Brookfield Properties (1), Rao & Rao (1)

Top Ten Associated People:

Michael Field (2), Steven J. Borenstein (1), Samuel Fisch (1), Hayden Tilley (1), William Graham Rumble (1), Gary Dean (1), Robert Swennes (1), Melvin S. Heller (1), David Werner (1), Ran Eliasaf (1)

Recent activity as company:

• David Werner Real Estate Investments borrowed $100 million from Northwind Group for 235 East 42nd Street, Grand Central, Manhattan on February 19, 2025.

• Kayden family sold 235 East 42nd Street, Grand Central, Manhattan for $140 million to David Werner Real Estate Investments and Metro Loft Management on February 19, 2025.

• Alexandria Real Estate Equities sold 235 East 42nd Street, Grand Central, Manhattan for $45 million to Metro Loft Management and David Werner Real Estate Investments on October 22, 2024.

• Metro Loft Management and David Werner Real Estate Investments borrowed $75 million from Northwind Group for 219 East 42nd Street, Grand Central, Manhattan on August 26, 2024.

• Alexandria Real Estate Equities sold 219 East 42nd Street, Grand Central, Manhattan for $60 million to Metro Loft Management and David Werner Real Estate Investments on August 26, 2024.

• David Werner Real Estate Investments and BLDG Management borrowed $95 million from Northwind Group for 100 Wall Street, Financial District, Manhattan on July 29, 2024.

• Barings sold 100 Wall Street, Financial District, Manhattan for $116 million to David Werner Real Estate Investments and BLDG Management on July 29, 2024.

• David Werner Real Estate Investments sold 700 8th Avenue, Hell’s Kitchen, Manhattan for $275 million to Highgate Hotels on June 06, 2024.

• David Werner Real Estate Investments borrowed $51.9 million from UMB Bank and 40 Fulton (New York, NY) (Subordinated Note) Lease-Backed Pass-Through Trust for 40 Fulton Street, Financial District, Manhattan on December 28, 2022.

• David Werner Real Estate Investments sold 40 Fulton Street, Financial District, Manhattan for $88.9 million to Samuel Fisch on December 28, 2022.