Cove Property Group

Cove Property Group portfolio

$8.2 million* – walkup 56%, mixed-use 43%; Manhattan 100%, Bronx 0%

2969th largest portfolio by dollar value

526,906 sqft – O4 97%, walkup 1%;

585th largest by SF

5 properties – Manhattan 100%, Bronx 0%

1636th largest

9 residential units – Manhattan 100%, Bronx 0%

4193th largest by residential units

Top Ten Associated Companies:

Hornig Capital Partners (2), CommonWealth Partners (1), Blackstone Group (1)

Top Ten Associated People:

Brett J. Munger (1), Daren Hornig (1), Darren Hornig (1)

Recent activity as company:

Cove Property Group for Thomas Farrell filed plans for new building for 285,796 sqft in Hudson Yards, Manhattan, on February 21, 2023.

Hornig Capital Partners sold 415 9th Avenue, 413 9th Avenue, 419 9th Avenue, and N/A West 34th Street, Hudson Yards, Manhattan for $57.6 million to Cove Property Group on July 18, 2022.

Cove Property Group sold 441 Ninth Avenue and 441 Ninth Avenue, Hell’s Kitchen, Manhattan for $1 billion to CommonWealth Partners on December 29, 2021.

Hornig Capital Partners sold 413 9th Avenue, 415 9th Avenue, 419 9th Avenue, West 34th Street, Hudson Yards, Manhattan for $45.9 million to Cove Property Group on November 06, 2020.

Cove Property Group borrowed $405.1 million from Blackstone Group for 433 9th Avenue, Hudson Yards, Manhattan on December 04, 2019.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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