Korein family
People:
Korein family NYC portfolio
$279.9 million -office 85%, elevator 14%; Manhattan 100%*
757th largest portfolio by dollar value
650,373 sqft – elevator 59%, office 40%; Manhattan 100%
692th largest by SF
2 properties – Manhattan 100%
3586th largest
297 residential units – Manhattan 100%
857th largest by residential units
0 foreclosures, 0 bankruptcies, 79 other court cases.
Top Ten Associated Companies:
Wafra Inc. (2), Apple Bank for Savings (2), Waterman Interests (1)
Top Ten Associated People:
Elchonon ‘Elie’ Schwartz (1), Cynthia Wang (1), Elie Schwartz (1)
Recent activity as company:
• Korein family sold 113 Front Street for $220 million to Wafra Inc. on June 10, 2021.
• Korein family borrowed $30 million from Apple Bank for Savings for 1810 Broadway on November 25, 2020.
• Korein family borrowed $30 million from Apple Bank for Savings for 67 East 53 Street on November 01, 2020.
• Korein family sold 113 Front Street for $0 to Wafra Inc. on July 13, 2020.
• Korein family ground leased 67 East 53 Street valued at $240 million to Waterman Interests on May 20, 2020.
Latest Stories:
• Korein family sues Vornado for $30M over Penn Plaza ground lease reset (March 31, 2023)
• Nightingale, Wafra pay $220M to Korein family for ground-leased fee in FiDi (June 24, 2021)
• Nightingale records contract to buy 111 Wall Street fee from Korein family (October 21, 2020)
• Nightingale, Wafra file second rehab plan at 111 Wall Street since $175M purchase (July 08, 2020)
• Nightingale, Wafra file first renovation since $175M purchase of 111 Wall Street (June 05, 2020)
• Waterman, Brookfield lease at Lever House with Korein family valued at $240M (May 28, 2020)
Court Records:
Properties: