TF Cornerstone files plans for 792 units in Greenpoint, larger of two filings on dev site

TF Cornerstone submitted a new building construction project for a dual-tower, 792-unit, 660,219 square-foot residential (R-2) building at 45 West Street in Greenpoint, Brooklyn. The plan was filed with the New York City Department of Buildings on November 12, 2025 under job number B01313117. It calls for the construction of a 38-story building. The project is described in the filing as: erect 38 (plus cellar) story mixed use building as per plans. Bruce Weill of TF Cornerstone filed the plans. The architect is SLCE Architects.
Earlier this month, TF Cornerstone filed plans for 15 Oak Street, a 268-unit building on the development site.

The development includes a five-story base with residential units, retail, amenities and other uses, and from that rises an east tower with apartments on floors six through 29, and a taller west tower with units on floors six through 38. There is also an outdoor pool on the 38th floor.

45 West Street

The property

The specialty lot has a total buildable of 614,255 square feet according to a PincusCo analysis of city data. The parcel has frontage of 200 feet and is 595 feet deep with a total lot size of 252,780 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $3 million.

Prior sales and revenue

This property was sold by Pearl Realty Management for $144.1 million to TF Cornerstone on July 31, 2024.

Violations and lawsuits

According to city public data, the property has received $1,250 in ECB penalties and $1,250 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Greenpoint, The bulk, or 29 percent of the 23.8 million square feet of commercial built space are walkup buildings, with industrial buildings next occupying 26 percent of the space. In sales, Greenpoint has near average sales volume among other neighborhoods with $914.9 million in sales volume in the last two years and is the 3rd highest in Brooklyn. For development, Greenpoint has near average amount of major developments among other neighborhoods and is the 3rd highest in Brooklyn. It had 2.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 12 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owner of the one commercial property that spans that spans 1,500 square feet on the block.The identified owner is Tf Cornerstone. On the tax block, there were two new building construction projects totaling 909,400 square feet. The largest is a 792-unit, 660,219 square-foot residential (R-2) building submitted by TF Cornerstone and filed by Bruce Weill with plans filed November 12, 2025 and it has not been permitted yet. The second largest is a 268-unit, 249,181 square-foot residential (R-2) building submitted by TF Cornerstone and filed by Bruce Weil with plans filed November 7, 2025 and it has not been permitted yet.

The owner

The PincusCo database currently indicates that TF Cornerstone owned at least 35 commercial properties with 11,143 residential units in New York City with 12,099,366 square feet and a city-determined market value of $3.3 billion. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 86 percent of the 12,099,366 square feet of built space are elevator properties, with office properties next occupying 7 percent of the space. The bulk, or 54 percent of the built space, is in Manhattan, with Queens next at 33 percent of the space.

The surrounding

Within a 400-foot radius of 12 Noble Street, PincusCo identified two commercial real estate items of interests occurred over the past 24 months. One of those two items was a sale which TF Cornerstone bought the zero-square-foot industrial (Z9) on 2 Oak Street for $30 million from Pearl Realty Management on August 8, 2024. One of those two items was a loan which Halcyon Management borrowed $250 million from Wells Fargo secured by the 366,608-square-foot, 556-unit rental (D7) on None and one other property on April 9, 2024.

Direct link to the property’s ACRIS page and link to DOB NOW portal.