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

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Vornado Realty Trust NYC portfolio

$14.7 billion -office 51%, condo 33%, retail 9%; Manhattan 97%, Bronx 1%, Queens 1%*

9th largest portfolio by dollar value

21,546,323 sqft – office 55%, condo 29%, retail 8%; Manhattan 91%, Queens 5%, Bronx 2%

14th largest by SF

68 properties – Manhattan 92%, Queens 4%, Bronx 3%

115th largest

4 residential units – Manhattan 100%

6466th largest by residential units

1 foreclosure, 1 bankruptcy, 19 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 People:

Eric S. Orenstein (4), Charles Steven Cohen (3), Gregory Kraut (2), Eileen Sawyer (2), Elliot H. Levine (1), Steven J. Borenstein (1), Jessica Wong (1), Jessica Fritts (1), Jeffrey L. Cirillo (1), Jane Lam (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.

Vornado Realty Trust borrowed $145.4 million from JPMorgan Chase for 611 5th Avenue, Midtown East, Manhattan on September 04, 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.

Vornado Realty Trust sold 510 West 22nd Street and 510 West 22nd Street, Chelsea, Manhattan for $205 million to RAGHSA Real Estate on August 14, 2025.

Vornado Realty Trust borrowed $120 million from Wells Fargo for 51 East 13 Street on August 12, 2025.

Vornado Realty Trust ground leased 150 East 86th Street, 150 East 86th Street, and 155 East 85th Street, Carnegie Hill, Manhattan valued at $64 million to Extell Development on July 11, 2025.

Vornado Realty Trust and LeFrak sold 58 West 58th Street, 58 West 58th Street, 58 West 58th Street, 58 West 58th Street, 58 West 58th Street, and others, Midtown West, Manhattan for $18.5 million to Sedesco on June 26, 2025.

Vornado Realty Trust borrowed $450 million from Goldman Sachs, Bank of America and Bank of Montreal for 1535 Broadway and 1535 Broadway, Times Square, Manhattan on April 14, 2025.

Vornado Realty Trust borrowed $525 million from Wells Fargo, Morgan Stanley, Goldman Sachs and PNC Bank for 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, 1 Park Avenue, and 1 Park Avenue, Park Avenue South, Manhattan on February 09, 2025.

Vornado Realty Trust sold None for $355 million to UNIQLO Co. on January 08, 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 pays $12M to McDonald’s in Garment District, may expand adjacent 475-unit dev site (March 25, 2026)

• Vornado signs $400M refi with Citadel LLC for office building set for redevelopment in Midtown East (March 16, 2026)

• Vornado signs $525M refi for office in Park Avenue South (February 16, 2026)

• Vornado signs $250M refi with Chase, Bank of America for office in Garment District (February 09, 2026)

• Vornado signs $300M refi with Vornado affiliate for retail in Midtown East (February 09, 2026)

• Vornado Realty Trust pays $141M to Cohen Brothers Realty for office in Midtown East (January 14, 2026)

• BlueFin Equities files plans to convert FiDi commercial to resi with 169 units (December 22, 2025)

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