Elad Group | The Real Deal New York

The Real Deal New York

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Elad Group

575 Madison Avenue
New York, NY
(212) 213-8833
Website

Elad Group is a private real estate investment company controlled by Israeli billionaire Isaac Tshuva. In the U.S., it operates as El Ad US Holding and is run by President and Chairwoman Orly Daniell and chief executive Udi Erez. Its New York projects include the 11-story condominium building at 21 Astor Place and the five-story ONeill Building at 655 Sixth Avenue, a landmarked former department store being converted into condos, including five penthouses. In 2004, the firm, formerly known as Elad Properties, acquired control of the Plaza Hotel on Central Park South for $675 million. Elad invested between $300 million and $400 million in a gut renovation in order to convert the 805 hotel rooms into a mix of about 200 condos and 150 hotel rooms. Prices paid for some of the condos, while high, have since been eclipsed by the needle skyscraper towers, like One57, on Billionaires' Row.


04/11/18
...a 67,000-square-foot condo at Silverstein Properties and the Elad Group...

03/06/18
...market — and they need to sell fast. The Elad Group, which spearheaded the condo conversion at 108 Leonard Street, has to sell 35 units by August...

02/19/18
...side sales slide - $300 million Silverstein Properties and Elad Group borrowed $300 million against 109 unsold condos at their 1 West End luxury tower development. The tower...

02/06/18
...a condo unit at Silverstein Properties and the Elad Group...

01/18/18
...Side One West End, a 43-story tower from Elad Group and Silverstein Properties, opened to residents in the summer of 2017. The 755,669-square-foot building was...

01/17/18
...Avenue UPDATED, Jan. 22, 2:51 p.m.: Silverstein Properties and Elad Group scored a $300 million condominium inventory loan from Deutsche Bank to refinance more than 100 units...

01/09/18
...a condo unit at Silverstein Properties and the Elad Group...

01/08/18
...in July 2013 for $8.6 million. Silverstein Properties and the Elad Group’s One West End Avenue notched the week’s second-priciest deal, with a four-bedroom...

12/28/17
...amp; Partners' long-delayed supertall at 125 Greenwich Street, the Elad Group and Peebles Corporation's drama-soaked Clock Tower conversion in Tribeca, and HFZ Capital's conversion of...

11/06/17
...it wasn’t until 2008, four years after the Elad Group bought it for $675 million, that the property saw its first major overhaul in years...

11/02/17
...this list. 2000s Following 15 Central Park West, the Elad Group...

...it wasn’t until 2008, four years after the Elad Group bought it for $675 million, that the property saw its first major overhaul in years...

10/18/17
...alley in Tribeca is now claiming that the Elad Group may be behind the agency's sudden regulation of the passageway. Attorneys for the owners...

10/05/17
...Isaac Tshuva and 346 Broadway The Peebles Corporation and Elad Group settled a legal dispute that threatened to derail their $400 million-plus Clock Tower condominium conversion...

09/07/17
...The Astor Place site (eventually redeveloped by the Elad Group), 283 West Broadway and Biscayne Shores, a 14-acre parcel near Miami Shores in Florida. Despite...

08/31/17
...The Astor Place site (eventually redeveloped by the Elad Group), 283 West Broadway and Biscayne Shores, a 14-acre parcel near Miami Shores in Florida. Despite...

08/10/17
...Tower Building in Tribeca. The Peebles Corp. and Elad Group are battling each other at their planned condo conversion of the landmarked former court...

...units in 2007 at the iconic property — which the Elad Group bought in 2004 and partially converted into condos and hotel-condos —  paid an average of $3,554 per...

...Plaza now — down from 800 when it opened. The Elad Group bought the property for $675 million in 2004. It converted it into 180 condos, 152 hotel-condos and 130 “oversized...

05/11/17
...the condominium, being developed by Silverstein Properties and Elad Group. Silverstein launched sales at the 42-story tower in June 2015. The 246-unit project is part...

04/04/17
...West 43rd Street (Credit: ODA) Yitzhak Tshuva’s Elad Group locked in $90 million in construction financing for a Hell's Kitchen condominium project. Israel-based Bank...

01/03/17
...his partner, the Israeli-based American real estate company Elad Group, purchased a 13-story building at 108 Leonard Street from the city for $160 million. The deal...

11/30/16
...raising bonds in Israel for the first time. Elad Group, a Midtown-based firm, filed a prospectus seeking to raise up to $60 million Wednesday, and...

...Real Estate Group, the Chetrit Group, and the Elad Group. Still, any oversupply of inventory or a dip in the market could force developers...

08/02/16
...Fame member scored the 4,410-square-foot Penthouse A at Elad Group’s building for $10.3 million, records filed Tuesday show. The four bedroom, 4.5-bath apartment has...
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 14C, 5 Franklin Place
  • Unit 14C
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,451
  • Price $ 2,522,714
  • Price per foot $ 1,738.60
  • Publication Date 03/22/2016
  • Event Date 03/08/2016
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 11C, 5 Franklin Place
  • Unit 11C
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,451
  • Price $ 2,300,736
  • Price per foot $ 1,585.62
  • Publication Date 03/17/2016
  • Event Date 03/07/2016
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 10A, 5 Franklin Place
  • Unit 10A
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,688
  • Price $ 3,617,333
  • Price per foot $ 2,142.97
  • Publication Date 03/31/2016
  • Event Date 03/03/2016
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Party 1 Entity L'Appartement Tribeca, LLC
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 11A, 5 Franklin Place
  • Unit 11A
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,813
  • Price $ 3,808,764
  • Price per foot $ 2,100.81
  • Publication Date 03/15/2016
  • Event Date 02/29/2016
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 10D, 5 Franklin Place
  • Unit 10D
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,472
  • Price $ 2,802,733
  • Price per foot $ 1,904.03
  • Publication Date 02/02/2016
  • Event Date 01/14/2016
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 10B, 5 Franklin Place
  • Unit 10B
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 688
  • Price $ 985,411
  • Price per foot $ 1,432.28
  • Publication Date 01/05/2016
  • Event Date 12/14/2015
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Party 2 Jennie Angela Sargente, As Trustee; Marie Mustillo, As Trustee; Michael A. Mustillo, Iii, As Trustee; The Article Sixth Trust (Credit Shelter Trust); The Jennie Angela Sargente Revocable Grantor Trust
  • Event Residential Sales
  • Building Name 5 Franklin Place
  • Address Unit 10C, 5 Franklin Place
  • Unit 10C
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,427
  • Price $ 2,064,502
  • Price per foot $ 1,446.74
  • Publication Date 12/28/2015
  • Event Date 12/14/2015
  • Party 1 Elad Group
  • Party 1 Entity Broadway 371, LLC
  • Party 1 Entity Daniel Investors LLC
  • Event Sales
  • Address 655 Saint Nicholas Avenue
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Square feet 80,000
  • Price $ 9,500,000
  • Price per foot $ 118.75
notes
The property sold for $9.5 million.
  • Event Retail Leasing
  • Building Name Fifth Avenue and Central Park South
  • Address 1 West 58th Street
  • Neighborhood Central Park South
  • Borough Manhattan
  • Square feet 4,720
  • Publication Date 04/01/2012
  • Event Date 02/21/2012
  • Party 1 Elad Group
  • Party 1 Brokerage In-house
  • Party 2 Angelo Galasso
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Ralph Chera, Jordan Barker
notes
The menswear designer signed a lease for retail space at the Plaza Hotel's Edwardian Room.
  • Event Sales
  • Address 250 West Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 201,000,000
  • Price per foot $ 670.00
notes
The property sold for $201 million. The Russian developer, led by Vassily Anisimov, could convert the building to residential use. Elad paid $142 million to Citigroup for the property in June 2006.
  • Event Sales
  • Building Name Plaza Hotel
  • Address 768 Fifth Avenue
  • Neighborhood Central Park South
  • Borough Manhattan
  • Price $ 500,000,000
  • Publication Date 11/01/2005
  • Event Date 09/22/2005
  • Party 1 Elad Group
  • Party 2 Prince Alaweed bin Talal
notes
The sale of the non-condo part of the Plaza, worth $500 million, is subject to the approval of the state attorney general's office, which could come as soon as the end of October. Prince Alaweed sold the Plaza for $675 million in August 2004.
  • Event Sales
  • Address 21 Astor Place
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 10,000
  • Price $ 13,000,000
  • Price per foot $ 1,300.00
Manhattan, 10019
Elad Group
...
Manhattan, 10010
LADIES MILE, INC.
The sponsor(s) filed plans on 04/05/04 for a condo project at 655 Sixth...
Manhattan, 10003
Elad Group
...
Manhattan, 10019
Elad Group, EL-AD 52, LLC
The sponsor(s) filed plans on 01/21/05 for a condo project at 310 West...
Manhattan, 10019
Elad Group, 22 CPS OWNER LLC
The sponsor(s) filed plans on 05/29/13 for a condo project at 22 Central...
Manhattan, 10036
ELAD GROUP, 1818 NADLAN, LLC.
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10013
BROADWAY 371, LLC
...
Manhattan, 10013
ELAD GROUP, EL-AD 250 WEST LLC
The sponsor(s) filed plans on 01/27/11 for a condo project at 250 West...
Manhattan, 10013
FRANKLIN PLACE, LLC
The sponsor(s) filed plans on 01/23/13 for a condo project at 5 Franklin...
Manhattan, 10010
ELAD GROUP, 225 5TH, LLC
The sponsor(s) filed plans on 10/22/04 for a condo project at 225 Fifth...
Manhattan, 10013
Elad Group|Peebles Corp, CIVIC CENTER COMMUNITY GROUP BROADWAY LLC
The sponsor(s) filed plans on 11/14/16 for a condo project at 346 Broadway...
Manhattan, 10036
Elad Group, TEN STAR CORP
...
Manhattan, 10019
ELAD GROUP, CPS 1 REALTY LP
The sponsor(s) filed plans on 02/07/06 for a condo project at 768 Fifth...

...Real Estate Group, the Chetrit Group, and the Elad Group. Still, any oversupply of inventory or a dip in the market could force developers...

07/21/15
...units as the second-largest project, Silverstein Properties and Elad Group’s 246-unit 1 West Avenue in Lincoln Square, according to state AG filings made between...
Manhattan, 10019
Elad Group, 22 CPS OWNER LLC
The sponsor(s) filed plans on 05/29/13 for a condo project at 22 Central...
Manhattan, 10036
ELAD GROUP, 1818 NADLAN, LLC.
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10036
Elad Group, TEN STAR CORP
...
Manhattan, 10013
Elad Group|Peebles Corp, CIVIC CENTER COMMUNITY GROUP BROADWAY LLC
The sponsor(s) filed plans on 11/14/16 for a condo project at 346 Broadway...
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