Steven Borenstein
(Steven J. Borenstein, Steve 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
$15.5 billion -office 48%, condo 31%, retail 9%; Manhattan 95%, Queens 3%*
8th largest portfolio by dollar value
22,283,361 sqft – office 52%, condo 28%, retail 8%; Manhattan 88%, Queens 9%, Bronx 2%
12th largest by SF
68 properties – Manhattan 91%, Queens 5%, Bronx 3%
115th largest
4 residential units – Manhattan 100%
6327th largest by residential units
1 foreclosure, 1 bankruptcy, 21 other court cases.
Person Activity past 24 months:
Buyer signatory: 5 for $390.1 million
Seller signatory: 5 for $646 million
Borrower signatory: 11 for $3.1 billion
Lender signatory: 1 for $300 million
Top Ten Associated Companies:
Reuben Brothers (7), JPMorgan Chase (4), Wells Fargo (3), Cohen Brothers Realty (3), Morgan Stanley (3), Goldman Sachs (3), Bank of China (2), KPG Funds (2), LaSalle Investment Management (2), Bank of America (2)
Top Ten Associated People:
Eric S. Orenstein (4), Charles Steven Cohen (3), Gregory Kraut (2), Eileen Sawyer (2), Jodi Taylor Ehrlich (1), John G. Nicol (1), Cody A. Canafax (1), David Werner (1), David Dushey (1), Reuven Hellman (1)
Recent activity as signatory:
• 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.
• Cohen Brothers Realty ground leased 611 5th Avenue, Midtown East, Manhattan valued at $174.4 million to Vornado Realty Trust on September 04, 2025.
• Cohen Brothers Realty sold 611 5th Avenue, Midtown East, Manhattan for $43.6 million to Vornado Realty Trust on September 04, 2025.
Latest Stories:
• 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)
• Vornado files plans for new supertall 62-story office tower at 350 Park Ave. (November 10, 2025)
• Vornado pays $19.1M for Jenel retail in Penn Plaza facing foreclosure auction (October 24, 2025)