Steven Borenstein
(Steve Borenstein, Steven J. Borenstein)
Executive Vice President
Corporation Counsel
Vornado Realty Trust
888 7th Ave # 44th New York, NY 10106-0200
210 Route 4 East Paramus, NJ 07652
Vornado Realty Trust NYC portfolio
$15.4 billion -office 49%, condo 32%, retail 9%; Manhattan 97%, Bronx 1%, Queens 1%*
12th largest portfolio by dollar value
21,546,323 sqft – office 55%, condo 29%, retail 8%; Manhattan 91%, Queens 5%, Bronx 2%
15th largest by SF
68 properties – Manhattan 92%, Queens 4%, Bronx 3%
120th largest
4 residential units – Manhattan 100%
6488th largest by residential units
1 foreclosure, 1 bankruptcy, 183 other court cases.
Person Activity past 24 months:
Buyer signatory: 5 for $390.1 million
Seller signatory: 6 for $875.7 million
Borrower signatory: 10 for $2.9 billion
Lender signatory: 1 for $300 million
Top Ten Associated Companies:
Reuben Brothers (7), JPMorgan Chase (4), Morgan Stanley (3), Goldman Sachs (3), Wells Fargo (3), Cohen Brothers Realty (3), Bank of China (2), Landesbank Baden-Wurttemberg (2), Bank of Montreal (2), Bank of America (2)
Top Ten Associated People:
Eric S. Orenstein (4), Charles Steven Cohen (3), Gregory Kraut (2), Eileen Sawyer (2), David Bistricer (1), Brandon Atkins (1), Stuart Zlotolow (1), Kristin Sansone (1), Michael Birajiclian (1), Sid Shrivastava (1)
Recent activity as signatory:
• Vornado Realty Trust sold 96-02 62 Drive for $229.6 million to Northwell Health on May 27, 2026.
• Vornado Realty Trust and Aurora Capital Associates borrowed $161 million from UBS for 61 9 Avenue on May 08, 2026.
• McDonald’s Corporation sold None for $12 million to Vornado Realty Trust on March 19, 2026.
• Vornado Realty Trust borrowed $400 million from Citadel LLC for 53 East 51 Street on March 10, 2026.
• Vornado Realty Trust borrowed $250 million from JPMorgan Chase and Bank of America for 9 West 34 Street on January 23, 2026.
• Cohen Brothers Realty sold 11 East 54 Street for $141 million to Vornado Realty Trust on January 07, 2026.
• Vornado Realty Trust borrowed $300 million from Vornado Realty Trust for 151 East 58th Street and 151 East 58th Street, Midtown East, Manhattan on December 23, 2025.
• Vornado Realty Trust borrowed $175 million from Bank of China for 61-01 Junction Boulevard, Rego Park, Queens on December 05, 2025.
• Vornado Realty Trust sold 37 Lispenard Street and 304 Canal Street, Tribeca, Manhattan for $3.5 million to Reuven Hellman on November 19, 2025.
• Jenel Real Estate sold 136 West 34 Street for $19.1 million to Vornado Realty Trust on October 17, 2025.
Latest Stories:
• Northwell Health pays $229.6M to Vornado for mixed-use in Rego Park (June 04, 2026)
• Vornado, Aurora sign $161M refi with UBS for two office properties in Chelsea (May 14, 2026)
• Amir Kabir Foundation acquires 650 Fifth in transfer valued at $435M (April 07, 2026)
• Vornado signs $525M refi for office in Park Avenue South (February 16, 2026)
• Vornado signs $300M refi with Vornado affiliate for retail in Midtown East (February 09, 2026)
• BlueFin Equities files plans to convert FiDi commercial to resi with 169 units (December 22, 2025)