Spitzer Enterprises
People:
Spitzer Enterprises portfolio
$527.7 million* – elevator 100%; Manhattan 68%, Brooklyn 31%
116th largest portfolio by dollar value
1,757,912 sqft – elevator 100%;
186th largest by SF
5 properties – Manhattan 60%, Brooklyn 40%
1472th largest
1,163 residential units – Brooklyn 73%, Manhattan 26%
203th largest by residential units
Top Ten Associated Companies:
First Republic Bank (3), MTA (1), M&T Bank (1), d (1), Hornig Capital Partners (1), 2020-420K (1), Citibank (1), Related Companies (1), USAA Real Estate (1)
Top Ten Associated People:
Daren Hornig (1), Andrew Rosen (1)
Recent activity as company:
• Spitzer Enterprises for Charles Morisi filed plans for new building for 106,086 sqft in Carnegie Hill, Manhattan, on November 01, 2022.
• Spitzer Enterprises sold 511 West 35th Street, 506 West 36th Street, and 512 West 36th Street, Hell’s Kitchen, Manhattan for $77 million to Related Companies on October 28, 2021.
• Spitzer Enterprises borrowed $298 million from 2020-420K for 416 Kent Avenue and 420 Kent Avenue, Williamsburg, Brooklyn on February 11, 2021.
• Spitzer Enterprises borrowed $298 million from Citibank for 416 Kent Avenue, 420 Kent Avenue, Williamsburg, Brooklyn on November 10, 2020.
• Spitzer Enterprises sold 419 9th Avenue, Hudson Yards, Manhattan for $7.9 million to Hornig Capital Partners on October 29, 2020.
• Spitzer Enterprises borrowed $276.3 million from M&T Bank for 451 10th Avenue, Hudson Yards, Manhattan on February 07, 2020.
• Spitzer Enterprises borrowed $115 million from First Republic Bank for 800 5th Avenue, Lenox Hill, Manhattan on November 08, 2019.
• Spitzer Enterprises borrowed $27 million from First Republic Bank for 150 East 57th Street, Plaza District, Manhattan on November 08, 2019.
• MTA borrowed $77.8 million from Spitzer Enterprises for 517 West 35th Street, 511 West 35th Street, 451 10th Avenue, 506 West 36th Street, 512 West 36th Street, and others, Hudson Yards, Manhattan on October 18, 2019.
• Spitzer Enterprises borrowed $45 million from First Republic Bank for 511 West 35th Street, 506 West 36th Street, 512 West 36th Street, Hudson Yards, Manhattan on October 18, 2019.
Latest Stories:
• Cove files plan for 286K sf office building in Hudson Yards (March 07, 2023)
• Related Companies files plans for new Hudson Yards office tower (October 26, 2022)
• Dermot signs $116.5M loan with Helaba for 147-unit rental in Lenox Hill (July 25, 2022)
• Related pays $77M to Spitzer Enterprises for three parcels in Hell’s Kitchen (October 29, 2021)
• Spitzer Enterprises borrows $298M from Citigroup for property in Williamsburg (November 11, 2020)
Properties: