Is Donald Trump The Largest Property Owner In NYC?
Portfolio Pulse from Chris Bibey
Despite Donald Trump's significant presence in New York City real estate, he is not the largest property owner there. The City of New York holds the top spot with 362.1 million square feet. Vornado Realty Trust, SL Green Realty, Tishman Speyer, and Blackstone Group are among the top private property owners. Vornado Realty Trust (VNO) has 29.7 million square feet, SL Green Realty Corp. (SLG) has 28.7 million, Tishman Speyer has 20.5 million, and Blackstone Inc. (BX) has 20.1 million square feet. Empire State Realty Trust Inc. (ESRT) also owns significant real estate, including the Empire State Building, with approximately 10 million square feet.
December 22, 2023 | 2:00 pm
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NEUTRAL IMPACT
Blackstone Inc. owns 20.1 million square feet of NYC real estate, including Stuyvesant Town–Peter Cooper Village.
Blackstone's significant real estate portfolio in NYC is highlighted, potentially reinforcing its position in the market, but this is not likely to have an immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Empire State Realty Trust Inc. owns about 10 million square feet in NYC, including the Empire State Building, and is expanding.
Empire State Realty Trust's ownership of the Empire State Building and other properties is well-known, and while growth is indicated, the short-term impact on the stock is likely neutral.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
SL Green Realty Corp. owns 28.7 million square feet in NYC, including the recently opened One Vanderbilt.
SL Green Realty's substantial real estate holdings in NYC are confirmed, which could support investor sentiment but is unlikely to cause a short-term price change.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Vornado Realty Trust is the second-largest property owner in NYC with 29.7 million square feet, including One Penn Plaza and 220 Central Park South.
Vornado Realty Trust's position as a leading property owner in NYC is reaffirmed, which could maintain investor confidence but is not new information likely to impact the stock price significantly.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80