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Madison Equities

105 Madison Avenue
New York, NY 10016
(212) 557-7330
Website
info@madisonequities.com
Madison Equities

Madison Equities is a real estate development company. The firm, founded in the 1960s by Kenneth and Lucille Gladstone, has built luxury residential buildings, offices, hotels and mixed-use properties in Manhattan. Among its most prized developments are the Excelsior luxury apartment building on 57th Street (known for being the first truly mixed-use building in New York City) and the Galleria, which was known as one of the country's largest residential buildings when it was erected in 1975. Madison also built the W Times Square Hotel, which included the worlds tallest signage tower. But it also has focused on boutique hotels, especially in recent years, planning the 35-story Hotel Belmont in Midtown. In 2014, the firm sued a Serbian church it had bought air rights from, claiming it failed to disclosed a $13.5 million brokerage fee before finalizing the deal. Madison boasts that it never takes on more than 75 percent debt for any project, preferring to net as much equity in each building as possible.


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11/16/16
Move over, vitamin C infused showers and indoor swimming pools. The thing every high-end buyer apparently now wants is a toilet with a scenic view....

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11/03/16
For Robin Schneiderman, winning new assignments is all about the money. But not the money going into his pocket. Schneiderman, of Halstead Property Development Marketing,...

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10/17/16
The luxury residential market may be softening, but the developers of 212 Fifth Avenue are still betting there is at least one buyer out there...

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09/28/16
Last month’s 10 most expensive investment sales in New York City included two big moves for Chinese investors and four major outer-borough deals. Nothing, however,...

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08/30/16
Tech investor Arthur Becker is now the proud owner of three adjacent townhouses on Sullivan Street in Soho in exchange for his stake in the...

45-Broad-Street
08/17/16
...s largest developers apparently paid $69.9 million for a stake in Madison Equities’ 45 Broad Street condominium, according to new public records. (more&hellip...

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07/29/16
The sprawling penthouse that tops 212 Fifth Avenue almost wasn’t: The developers initially planned to split the condo unit and market it as two separate...

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07/08/16
When 15 Central Park West was set to kick off construction in 2005, the building’s co-developer William Zeckendorf made what would turn out to be...

07/01/16
...Current reader favorites: 1. Breaking down the numbers on Madison Equities’ FiDi supertall 2. Ryan Serhant lands solo Bravo show … and no...

06/30/16
...sells Midtown garage for $37M 5. Breaking down the numbers on Madison Equities’ FiDi supertall...

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06/29/16
...From left: Madison Equities...

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06/20/16
...and Robert Gladstone One of China's largest developers has joined Madison Equities as an investor and developer of a planned 206-unit condominium...

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06/13/16
...From the June issue: Robert Gladstone is the owner of Madison Equities, a Manhattan-based development firm founded in the 1960s by his...

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06/07/16
...of 60-plus-story residential buildings followed, planned by Stawski Partners and Madison Equities and the Pizzarotti Group, in Long Island City and the...

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06/01/16
Go to any real estate event or panel discussion over the past year and the topic is sure to come up: millennials. Who are they?...

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05/20/16
Town Residential, the six-year old residential brokerage headed by Andrew Heiberger and Joseph Sitt, is in late-stage talks to merge with Beverly Hills-based brokerage the...

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05/04/16
Call it the (overpriced) penthouse effect. After shooting for the stars with an $80 million penthouse at 160 Leroy Street, Ian Schrager is the latest...

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04/06/16
So this is what a “penthouse correction” looks like? Of the 261 penthouse units for sale in Manhattan as of April 1, more than 35...

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03/21/16
The Manhattan residential luxury market saw 28 contracts signed for pads asking $4 million or more, according to Olshan Realty’s weekly luxury market report. Tags:...

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03/15/16
Condominium construction hit record highs in Manhattan over the past year, with hundreds of new high-end homes rising across the borough. With luxury condo inventory at...

03/01/16
...approved: Who are the distinguished residents of River House? 5. Revealed: Madison Equities’ 45 Broad condo tower...

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02/29/16
...Street in Soho and its planned penthouse It seems like Madison Equities and Property Markets Group's much-hyped $45 million triplex penthouse at 10 Sullivan...

02/29/16
...A unit-by-unit look at who really bought at 150 Charles 5. Revealed: Madison Equities’ 45 Broad condo tower...

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02/26/16
...Madison's Robert Gladstone and a rendering of 45 Broad Street Madison Equities and the Pizzarotti Group’s 1,000-foot condo tower at 45 Broad...

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02/05/16
Israeli-Russian billionaire Boris Kuzinez purchased a 12-story commercial building at 260 Fifth Avenue for $59 million, his third buy on the block within the last...
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  • Event Sales
  • Address 45 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 13,202
  • Price $ 69,900,000
  • Price per foot $ 5,294.00
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 Madison Equities
  • Party 2 Gemdale Properties
notes
A stake in the property sold for $69.9 million.
  • Event Sales
  • Address 45 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 12,600
  • Price $ 86,000,000
  • Price per foot $ 6,825.40
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 LCOR
  • Party 1 Brokerage HFF
  • Party 1 Broker Andrew Scandalios, Jeff Julien, KC Patel, Jose Cruz
  • Party 2 Madison Equities, Impresa Pizzarotti & C. Spa
notes
The building sold for $86 million.
  • Event Financing
  • Address 212 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 220,000
notes
A $275 million construction loan was arranged for the office building. 24-story
  • Event Sales
  • Building Name 247-259 West 54th Street
  • Address 247 West 54th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 97,679
  • Price $ 38,800,000
  • Price per foot $ 397.22
notes
The building sold for $38.8 million. Boston Properties is working to assemble a parcel of land to develop an 850,000-square-foot tower in the area.
  • Event Sales
  • Address 410 East 92nd Street
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 20,000
  • Price $ 10,000,000
  • Price per foot $ 500.00
notes
The adoption agency acquired two floors of a four-story community facility for $10 million, or $500 per square foot. The other two floors are occupied by The Gillen-Brewer School. Spence-Chapin expected approval for a city-issued $9.8 million bond to purchase the space. The building is part of a development by Madison Equities that includes a new Courtyard by Marriott hotel and a new apartment building, First Avenue Towers.
  • Event Sales
  • Address 410 East 92nd Street
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 18,000
notes
School for autistic children buys commercial condo on two floors.
Manhattan, 10022
Madison Equities
...
Manhattan, 10004
Madison Equities, MADISON 45 BROAD DEVELOPMENT LLC
...
Manhattan, 10011
Madison Equities, 447-453 WEST 18, LP
...
Manhattan, 10128
Madison Equities, WATERFORD CONDOMINIU
...
Manhattan, 10022
Madison Equities, THE GALLERIA CONDOMIN
...
Manhattan, 10012
Madison Equities|Property Markets Group, 145 AMERICAS, LLC
...
Manhattan, 10010
Madison Equities, 212 FIFTH AVENUE VENTURE LLC
...
Manhattan, 10013
CIM Group|Property Markets Group, SULLIVAN CONDO LLC
Just a few blocks from the Holland Tunnel, the corner property at 72...

augisalesfeature
09/28/16
Last month’s 10 most expensive investment sales in New York City included two big moves for Chinese investors and four major outer-borough deals. Nothing, however,...

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A few years ago, law firms were cutting their payrolls and scrambling to refocus their practices on bankruptcies and restructurings. Indeed, the real estate law...

Click to enlarge
CIM founders (left to right): Richard Ressler, Shaul Kuba and Avi Shemesh The principals of the Los Angeles-based private equity firm the CIM Group know a...
Manhattan, 10004
Madison Equities, MADISON 45 BROAD DEVELOPMENT LLC
...
Manhattan, 10011
Madison Equities, 447-453 WEST 18, LP
...
Manhattan, 10012
Madison Equities|Property Markets Group, 145 AMERICAS, LLC
...
Manhattan, 10010
Madison Equities, 212 FIFTH AVENUE VENTURE LLC
...
Manhattan, 10013
CIM Group|Property Markets Group, SULLIVAN CONDO LLC
Just a few blocks from the Holland Tunnel, the corner property at 72...
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