Silverstone Property Group | The Real Deal New York

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Silverstone Property Group

825 Third Avenue, #37
New York, NY 10022
(646) 786-8000
Website
Silverstone Property Group

Silverstone Property Group is a full-service residential real estate company. It offers development, investment, asset management, building management and leasing services for condos, homeowner associations and apartments. The firm was founded by Martin Nussbaum in 2009 to capitalize on distressed properties at the bottom of the market. Four years later, when Nussbaum founded Slate Property Group, Silverstone was at the peak of its power, having purchased more than 22 properties worth roughly $350 million. In 2013 Silverstone sold its West Village multifamily building for almost $20 million and a building in Bushwick for $18 million. In recent years, however, the firm has reduced its holdings as Nussbaum moved on from Silverstone and focused entirely on Slate. In 2016, Silverstone was accused by tenants at 211 Madison Street of depriving them of cooking gas in order to harass them into accepting buyout offers.


Slate Rivingtonhouse
11/28/16
UPDATED, Nov. 28, 1:58 p.m.: Mayor Bill de Blasio didn’t hold back when reporters asked him about Slate Property Group at an Aug. 10 press...

Brooklyn.HJ-feature-(crop)
08/22/16
...a proposed residential conversion, and then sold the building to Silverstone Property Group for $45.5 million. Silverstone’s Martin Nussbaum and David Schwartz, who...

MartinNussbaumDvirCohenHoshenfeatured
10/26/15
Slate Property Group and Adam America Real Estate scrapped plans for a new rental building in the heart of Park Slope in favor of a...

slate-feature
10/16/15
After eventually winning over City Council with a redevelopment proposal last summer, Slate Property Group filed plans Friday for a 125-unit apartment building at 176...

Caspi
10/05/15
Caspi Development and RWN Real Estate Partners bought an office building at 135 Bowery on the Lower East Side for $16.2 million, doubling down on...

Josh Zegen
02/12/15
TRD Profile:UPDATED February 12, 1:45 p.m.: Madison Realty Capital, a real estate investment firm that did about $900 million worth of deals last year, was almost...

51-jay
01/22/15
Slate Property Group and Adam America Real Estate have launched sales at 51 Jay Street, a 74-unit Dumbo condominium building converted from a warehouse. Tags:...

slate
11/18/14
Slate Property Group and RWN Real Estate Partners, the private equity arm of Ari Shalam’s RWN Management, jointly acquired the vacant, five-floor residential component of...

216-218w22Fbox
05/15/14
Madison Realty Capital bought two Chelsea multifamily buildings for $19.25 million in an off-market deal, The Real Deal has learned.The properties are 216-218 West 22nd...

5354thAvekhatam
04/28/14
Adam America Real Estate Group, Slate Property Group and AEW Capital Management executed the long-term ground lease at a Park Slope development site on Fourth...

MikeTortorici
04/16/14
February was another strong month for multifamily building sales in the city, as the dollar volume of those deals skyrocketed 186 percent year-over-year, according to...

slate
03/19/14
Martin Nussbaum’s Slate Property Group picked up a pair of five-story rental properties in Chelsea for a combined $16.8 million, the developer told The Real...

zegen-fb
02/13/14
...From left: Josh Zegen, the Grayson and Andrew Scandalios Silverstone Property Group has sold the Grayson, a rental building at 247 East 28th...

Eran Chen and 275 Fourth Avenue in Park Slope
02/09/14
 Eran Chen, the architect behind the firm Office for Design and Architecture, has built his reputation as a no-nonsense designer of innovative New York City...

adam-america
02/06/14
Adam America Real Estate Group, Martin Nussbaum’s Slate Property Group and Israel-based Naveh Shuster Limited jointly acquired a nine-building Park Slope development site for $20...

885-park
12/24/13
...DSA Realty Services, bought a five-story Bushwick rental building from Silverstone Property Group for $18 million in an off-market deal, according to broker Steven...

Brian Edwards
12/13/13
Brian Edwards, the former Halstead Property executive director of leasing, has joined Brooklyn commercial real estate firm TerraCRG as chief operating officer. Edwards previously spent...

Zegen143W4thFbox
11/20/13
...West 4th Street, Joseph Koicim and Peter Von Der Ahe Silverstone Property Group has sold a West Village multi-family building for $19.2 million, after...

JoshZegenFbOX
11/18/13
...and Josh Zegen Martin Nussbaum, a founding principal at Manhattan-based Silverstone Property Group, has started a new real estate investment firm, he told...

From left: Yvonne Reddick and
11/11/13
Community leaders in Jamaica are hoping new developments will draw more tourism and restaurant dollars to the area. The Blumenfeld Development Group, which built the...

SilverstoneKipsBayFbox
09/24/13
...Third Ave. (photo credit: PropertyShark), Barak Jacobov and Yosef Katz Silverstone Property Group and RWN Real Estate Partners have ponied up $71.5 million for...

07/31/13
...TerraCRG's Ofer Cohen and the McDonald's site A partnership between Silverstone Property Group and Adam America Real Estate has acquired a Park Slope...

Silverstone's Martin Nussbaum, rendering of 65 North 6th Street
07/11/13
...Silverstone's Martin Nussbaum, rendering of 65 North 6th Street Developers Silverstone Property Group and Adam America Real Estate Group have sold a mixed-use...

Myrtle Avenue in Clinton Hill
07/03/13
...Myrtle Avenue in Clinton Hill Silverstone Property Group will bring two buildings with 240 rental apartments to Clinton Hill...

Brooklyn Real Estate Roundtable
06/18/13
David Bistricer’s Clipper Equity and the family-owned Rieder Holdings are switching tactics at a nearly 200-unit Upper West Side rental building which they were in...
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  • Event Sales
  • Address 247 East 28th Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 99,750,000
notes
The property sold for $99.75 million.
  • Event Sales
  • Building Name 143-145 West 4th Street
  • Address 145 West 4th Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 19,200,000
notes
The properties sold for $19.2 million.
  • Event Sales
  • Address 143-145 West 4th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 19,200,000
notes
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  • Event Sales
  • Building Name 489, 493 and 495 Third Avenue and 203, 205, 207 and 211 East 33rd Street
  • Address 211 East 33rd Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 71,500,000
notes
The properties sold for $71.5 million.
  • Event Sales
  • Address 489, 493 and 495 Third Avenue and 203, 205, 207 and 211 East 33rd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 71,500,000
notes
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  • Event Sales
  • Address 65-69 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 28,750,000
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  • Event Sales
  • Address 265-267 South 2nd Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 9,700,000
  • Publication Date 06/01/2013
  • Event Date 04/17/2013
  • Party 1 Broker Brendan Maddigan, Mark Lively
  • Party 2 Silverstone Property Group
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  • Event Sales
  • Address 324 Bowery
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 13,400,000
notes
The contiguous properties sold for $13.4 million. Includes 1 and 3 Bleecker Street.
  • Event Sales
  • Building Name 450 and 452 Amsterdam Avenue
  • Address 452 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 12,500,000
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Silverstone Property Group
  • Party 1 Brokerage Multi Investment Group
  • Party 1 Broker Steven Vegh
  • Party 2 Trevi Retail
  • Party 2 Brokerage Multi Investment Group
  • Party 2 Broker Steven Vegh
notes
The rental buildings sold for $12.5 million. The properties have a combined four retail units, which are leased to a bar, two restaurants and a stationery store.
  • Event Sales
  • Address 450 and 452 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 12,500,000
notes
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  • Event Sales
  • Building Name 450-452 Amsterdam Avenue
  • Address 452 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 18,500
  • Price $ 8,100,000
  • Price per foot $ 437.84
notes
The adjacent properties sold for $8.1 million, or about $435 per square foot. The price represents a capitalization rate of 3.7 percent. Seven of the apartments are rent controlled, six are rent stabilized, two are free market and one is temporarily exempt.
  • Event Sales
  • Building Name 17-19 Bleecker Street
  • Address 17 Bleecker Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 17,080
  • Price $ 5,500,000
  • Price per foot $ 322.01
notes
The property sold for $5.5 million, or about $322 per square foot.
  • Event Sales
  • Address 17-19 Bleecker Street
  • Neighborhood Bushwick
  • Borough Queens
  • Price $ 5,500,000
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  • Event Sales
  • Address 65-69 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 4,300,000
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  • Event Sales
  • Address 157 Suffolk Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 22,398
  • Price $ 8,800,000
  • Price per foot $ 392.89
notes
The multifamily property sold for $8.8 million, or about $392 per square foot. The building has two stores.
  • Event Sales
  • Address 166 Suffolk Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 7,425
  • Price $ 2,550,000
  • Price per foot $ 343.43
notes
The property sold for $2.55 million, or $340 per square foot. The price represents a capitalization rate of 6.9 percent. All of the building's 19 units are studios.
Brooklyn, 11205
Silverstone Property Group, 504 MYRTLE RESIDENTIAL OWNER LLC
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Brooklyn, 11205
Silverstone Property Group, 490 MYRTLE RESIDENTIAL OWNER LLC
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Manhattan, 10012
CDN REALTY LLC
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Brooklyn, 11211
Adam America Real Estate|Silverstone Property Group, SHUSTER N7 LLC
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Brooklyn, 11205
Silverstone Property Group
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Brooklyn, 11215
Slate Property Group, 275 FOURTH OWNER LLC
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Brooklyn, 11205
Silverstone Property Group, 504 MYRTLE RESIDENTIAL OWNER LLC
...
Brooklyn, 11205
Silverstone Property Group, 490 MYRTLE RESIDENTIAL OWNER LLC
...
Brooklyn, 11215
Slate Property Group, 275 FOURTH OWNER LLC
...
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