Terrence Lowenberg
Principal
Icon Realty Management
Owner
419 Lafayette, 5th Floor, New York, NY 10003
Icon Realty Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$398 million – walkup 63%, mixed-use 10%; Manhattan 92%, Brooklyn 7%
156th largest portfolio by dollar value
1,073,891 sqft – walkup 63%, elevator 12%;
314th largest by SF
95 properties – Manhattan 87%, Brooklyn 12%
70th largest
1,355 residential units – Manhattan 89%, Brooklyn 10%
165th largest by residential units
0 foreclosures, 0 bankruptcies, 6 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 5 for $51.7 million
Borrower signatory: 21 for $235 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 4 for 55,841 square feet
Top Ten Associated Companies:
Series 2019-Icon (17), Aviva Jakubowicz (3), BCB Community Bank (3), Signature Bank (2), Webster Bank (2), New York Community Bank (2), Starwood Property Trust (1), Ablatos LLC (1), Norbil Trust Co. (1), M&T Bank (1)
Top Ten Associated People:
Robert Records (17), Aviva Jakubowicz (3), Jonathan Hackerman (2), Angeles DeSantis (2), Joseph Rothenberg (1), Daniel Levinas (1), Norbil Trust Co. (1), Guy Arad (1), Gerilyn Pettus (1), Lisa T. Hart (1)
Recent activity as signatory:
• Terrence Lowenberg filed plans for major alteration for 15,000 sqft in Chelsea, Manhattan, on December 23, 2024.
• Icon Realty Management sold 242 East 75th Street, Lenox Hill, Manhattan for $6.9 million to REDA Holdings on December 20, 2024.
• Terrence Lowenberg filed plans for major alteration for 4,354 sqft in Williamsburg, Brooklyn, on November 07, 2024.
• Terrence Lowenberg filed plans for major alteration for 5,654 sqft in Williamsburg, Brooklyn, on November 07, 2024.
• Icon Realty Management borrowed $29.3 million from Starwood Property Trust for 300 West 22nd Street, Chelsea, Manhattan on November 06, 2024.
• Icon Realty Management sold 405 East 78th Street, Lenox Hill, Manhattan for $10.1 million to Norbil Trust Co. on September 12, 2024.
• Icon Realty Management borrowed $9 million from Webster Bank for 201 West 14th Street, Chelsea, Manhattan on July 30, 2024.
• Icon Realty Management sold 43 West 27th Street, NoMad, Manhattan for $24.4 million to Taguchi & Co. on July 05, 2024.
• Icon Realty Management borrowed $9.6 million from Series 2019-Icon for 1384 1st Avenue, Lenox Hill, Manhattan on June 12, 2024.
• Icon Realty Management borrowed $4.9 million from Series 2019-Icon for 522 East 5th Street, Alphabet City, Manhattan on June 12, 2024.
Latest Stories:
• REDA Holdings pays $6.9M to Icon for 20-unit walkup in Lenox Hill December 23, 2024
• Icon Realty Management signs $29.3M refi for The Moore hotel in Chelsea November 07, 2024
• Japanese firm pays $10.1M to Icon Realty for 16-unit walkup in Lenox Hill September 13, 2024
• Japanese bakery pays $24.4M to Icon for 16-unit rental in NoMad July 08, 2024
• Maverick Properties affiliate pays $5.4M to Icon for 9-unit walkup in Hell’s Kitchen May 29, 2024
• Carlyle pays $4.98M to Icon for 5-unit walkup in Williamsburg September 18, 2023
• Icon Realty Management affiliate pays $4.8M for residential walkup in Chelsea January 05, 2023
• Icon Realty Management signs $11.4M refi loan for commercial condo in Yorkville December 12, 2022