Korein family

Korein family portfolio

$285.3 million* – office 62%, elevator 37%; Manhattan 100%, Bronx 0%

219th largest portfolio by dollar value

650,373 sqft – elevator 59%, office 40%;

501th largest by SF

2 properties – Manhattan 100%, Bronx 0%

2928th largest

297 residential units – Manhattan 100%, Bronx 0%

652th largest by residential units

Top Ten Associated Companies:

Wafra Inc. (2), Apple Bank for Savings (2), Waterman Interests (1)

Top Ten Associated People:

Elie Schwartz (1), Elchonon ‘Elie’ Schwartz (1), Cynthia Wang (1)

Recent activity as company:

Korein family sold 111 Wall Street, Financial District, Manhattan for $220 million to Wafra Inc. on June 23, 2021.

Korein family borrowed $30 million from Apple Bank for Savings for 240 Central Park South, Central Park South, Manhattan on January 25, 2021.

Korein family borrowed $30 million from Apple Bank for Savings for Lever House at 390 Park Avenue, Plaza District, Manhattan on December 07, 2020.

Korein family sold 111 Wall Street, Financial District, Manhattan for $0 to Wafra Inc. on October 20, 2020.

Korein family sold 390 Park Avenue, Plaza District, Manhattan for $240 million to Waterman Interests on May 27, 2020.

Latest Stories:

• Oaktree Capital buys $230M loan where InterVest, Metro Loft plan FiDi conversion (November 11, 2024)

• Nightingale, Wafra pay $220M to Korein family for ground-leased fee in FiDi (June 24, 2021)

• Nightingale, Wafra sign $230M loan with PIMCO after acquiring ground-leased fee in FiDi (June 24, 2021)

• Korein family refis $30M with Apple Bank for 297-unit property in Central Park South (January 26, 2021)

• Korein family refis $30M secured by the ground under Lever House in Plaza District (December 08, 2020)

• Nightingale records contract to buy 111 Wall Street fee from Korein family (October 21, 2020)

• Nightingale, Wafra file second rehab plan at 111 Wall Street since $175M purchase (July 08, 2020)

• Nightingale, Wafra file first renovation since $175M purchase of 111 Wall Street (June 05, 2020)

• Waterman, Brookfield lease at Lever House with Korein family valued at $240M (May 28, 2020)

• Waterman, Brookfield pick up Lever House ground lease from RFR (May 27, 2020)

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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