Nearly four-fifths of the addresses in New York City are owned by organizations or individuals who do not own any other property. Approximately 43,000 people live there, a number large enough that, if it were its own municipality, it would be the tenth largest in New York State. Aside from that, given that nearly four-fifths of New York City landowners only own a single piece of property, it's no surprise that owning a Manhattan skyscraper is enough to make you one of New York City's richest real estate moguls. The building with the lowest signal-to-noise ratio of all buildings ever built in human history, is the World Trade Center Transportation Center, better known as Oculus, a gleaming $4 billion value.
Among his real estate projects, he is the developer of the rebuilt World Trade Center complex in Lower Manhattan, New York, as well as one of the tallest residential towers in New York at 30 Park Place, where he owns a home. There is also an option for the 33 properties in the city for which an owner is apparently simply UNKNOWN. Securities and Exchange Commission, claimed to own nearly 28.7 million square feet of real estate in 70 properties in Manhattan. Housing cooperatives score well overall here, although BPP ST Owner LLC, which owns Stuyvesant Town on Manhattan's East Side and the second largest cooperative on the list, still has less than half a Co-Op City in size.
He currently owns and manages more than 13 million square feet of Class A commercial and office space in Manhattan and 3 million square feet of rental properties. In Harlem, the latter is a community of six total rental buildings connected through landscaped parks that served as the campaign venue for the representative. Although Columbia University owns more units and more land than NYU, it does so in a quiet location in upper Manhattan, while NYU's position in Washington Square Park puts it in one of the most expensive real estate markets in the city and, therefore, in the world. The New York City Housing Authority owns 89 communities, which translates to 55,438 fully affordable units.
That contrasts with a company like Boston Properties, for example, which has high-profile towers such as the GM Building and 250 West 55th Street. For this issue, The Real Deal embarked on its own epic quest to create a first ranking of the city's largest homeowners in both total square feet and annual net operating income. In fact, the university's 206 properties easily surpass both the second place of NYU, which has 95 addresses, and for comparison purposes, the New York Public Library, which has 72 almost a third more.
