Edison Properties
Edison Properties portfolio
$392.8 million* – elevator 54%, office 34%; Manhattan 98%, Brooklyn 1%
167th largest portfolio by dollar value
1,516,175 sqft – elevator 68%, office 23%;
216th largest by SF
29 properties – Manhattan 93%, Brooklyn 6%
346th largest
1,081 residential units – Manhattan 100%, Bronx 0%
226th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $775.8 million
Seller company: 2 for $775.8 million
Borrower company: 1 for $0
Lender company: 1 for $0
Top Ten Associated Companies:
StorageMart (19), Edison Properties (3), Greystone & Co. (1), Verizon (1), Prudential Financial (1)
Top Ten Associated People:
Cris Burnam (19), Kristie Reinhardt (1), Noah A. Julius (1)
Recent activity as company:
• Edison Properties borrowed $0 from Edison Properties for 257 West 47th Street, Hell’s Kitchen, Manhattan on February 06, 2024.
• Edison Properties sold 88 Leonard St, 119 West 24th Street, 19 West 24th Street, 15 Worth St, 75 Schermerhorn St, and others, Tribeca, Manhattan for $379.4 million to Edison Properties on August 04, 2023.
• Edison Properties sold 241 West 28th Street, 13 West 27th Street, 451 9th Avenue, 175 Front Street, 55 Smith Street, and others, Chelsea, Manhattan for $396.4 million to Edison Properties on August 04, 2023.
• Edison Properties sold 620 12th Avenue, Hell’s Kitchen, Manhattan for $50 million to Verizon on June 28, 2022.
• Edison Properties borrowed $65 million from Greystone & Co. for 188 Ludlow Street, Lower East Side, Manhattan on January 12, 2022.
• Edison Properties sold 161 Varick Street, Hudson Square, Manhattan for $200.5 million to StorageMart on December 29, 2021.
• Edison Properties sold 541 West 29th Street, Chelsea, Manhattan for $234 million to StorageMart on December 29, 2021.
• Edison Properties sold 531-539 West 21st Street, Chelsea, Manhattan for $63.5 million to StorageMart on December 29, 2021.
• Edison Properties sold 290 Dyckman Street, Washington Heights, Manhattan for $20.6 million to StorageMart on December 29, 2021.
• Edison Properties sold 400 East 111th St and N/A East 110th Street, East Harlem, Manhattan for $267.4 million to StorageMart on December 29, 2021.
Latest Stories:
• Edison Properties buys $5M note secured by its own Hell’s Kitchen garage (February 07, 2024)
• Verizon files plans for 154K sf storage building in Hell’s Kitchen (March 07, 2023)
• Gottesman family pays $4.6M tax to shuffle ownership of $1.1B NYC portfolio (March 08, 2021)
• Edison Properties refis $26M with Prudential for property in Chelsea (September 09, 2020)
Properties: