advanced search Elad Group
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 O'Neill 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. In 2012, Sahara India Pariwar agreed to buy a 75 percent controlling stake for $570 million.
In 2020, Elad Group agreed to sell Elad Canada to Toronto-based Plaza Partners and U.S.-based Argent Ventures for an estimated total value of $608 million.
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- Event Financing
- Address 1 West End Avenue
- Neighborhood Lincoln Square
- Borough Manhattan
- Price $ 308,600,000
- Publication Date 02/06/2018
- Event Date 01/17/2018
- Party 1 Silverstein Properties, Elad Group
- Party 2 Deutsche Bank
notes
The owners secured a $308.6 million loan for the Lincoln Square property.
- Event Sales
- Address 625 West 59th Street
- Neighborhood Lincoln Square
- Borough Manhattan
- Square feet 67,000
- Price $ 70,000,000
- Publication Date 02/06/2018
- Event Date 01/09/2018
- Party 1 Silverstein Properties, Elad Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Mark Weiss
- Party 2 Touro College
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Richard Bernstein
notes
The college acquired the condo unit in the Lincoln Square tower for $70 million.
- Event Sales
- Address 625 West 59th Street
- Neighborhood Lincoln Square
- Borough Manhattan
- Square feet 67,000
- Price $ 70,000,000
- Publication Date 01/09/2018
- Event Date 01/09/2018
- Party 1 Silverstein Properties, Elad Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Mark Weiss
- Party 2 Touro College
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Richard Bernstein
notes
The college acquired the condo unit in the Lincoln Square tower for $70 million.
- 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 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 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
- Publication Date 04/01/2014
- Event Date 02/20/2014
- Party 1 Elad Group
- Party 2 Harlem Academy
- Party 2 Brokerage Denham Wolf Real Estate Services
- Party 2 Broker Stephen Powers
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
- Publication Date 01/01/2008
- Event Date 11/22/2007
- Party 1 Elad Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Richard Baxter, Ron Cohen, Scott Latham, Jon Caplan
- Party 2 Coalco
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
- Publication Date 07/01/2004
- Event Date 05/22/2004
- Party 1 Elad Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Yoav Oelsner, Charles Kingsley, Jon Epstein
- Party 2 Eli Gindi-led group
Manhattan, 10023
ELAD GROUP, RIVERSIDE CENTER SITE 5 OWNER LLC
ELAD GROUP, RIVERSIDE CENTER SITE 5 OWNER LLC
1 West End Avenue, or Riverside Center Building 5, is a currently under...
Manhattan, 10019
Elad Group, EL-AD 52, LLC
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
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.
ELAD GROUP, 1818 NADLAN, LLC.
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10013
ELAD GROUP, PINKUSIEWICZ, TOMER|ZERUNEITH, JULIE
ELAD GROUP, PINKUSIEWICZ, TOMER|ZERUNEITH, JULIE
The sponsor(s) filed plans on 01/27/11 for a condo project at 250 West...
Manhattan, 10010
ELAD GROUP, 225 5TH, LLC
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
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, 10019
ELAD GROUP, CPS 1 REALTY LP
ELAD GROUP, CPS 1 REALTY LP
The sponsor(s) filed plans on 02/07/06 for a condo project at 768 Fifth...
12/28/2017
Despite a sagging luxury market, Barnett and a handful of other developers are shooting for ambitious sellouts. Appearing on this list are Bizzi & 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 the historic Belnord on the Upper West Side...
08/01/2017
Buyers who shelled out for units in 2007 at the iconic property â'Â which the Elad Group bought in 2004 and partially converted into condos and hotel-condos â'Â paid an average of $3,554 per square foot, almost unheard of for Manhattan at that point...
09/01/2016
Other active Manhattan developers include Ben Shaoulâs Magnum Real Estate Group, the Chetrit Group, and the Elad Group...
07/21/2015
Extell Developmen's 815-unit tower has more than three times as many residential units as the second-largest project, Silverstein Properties and Elad Groupâs 246-unit 1 West Avenue in Lincoln Square, according to state AG filings made between July 2014 and June 2015...
Manhattan, 10023
ELAD GROUP, RIVERSIDE CENTER SITE 5 OWNER LLC
ELAD GROUP, RIVERSIDE CENTER SITE 5 OWNER LLC
1 West End Avenue, or Riverside Center Building 5, is a currently under...
Manhattan, 10019
Elad Group, 22 CPS OWNER LLC
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.
ELAD GROUP, 1818 NADLAN, LLC.
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10013
Elad Group|Peebles Corp, CIVIC CENTER COMMUNITY GROUP BROADWAY LLC
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...