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 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.


01/10/18
...Ahe, Joe Koicim, David Lloyd and Corey Isdaner Silverstone Property Group, which became the property management arm of Madison Realty in 2009 when co-founder Martin Nussbaum...

12/11/17
...and the first-floor units directly from the sponsor, Silverstone Property Group, and bought the fifth-floor unit from a Florida-based entity, Violet Properties LLC. Douglas Elliman...

10/23/17
...revenue, marketing materials claim. According to property records, Silverstone Property Group bought the buildings in 2013. Slate's founding principal Martin Nussbaum founded Silverstone with Madison principals...

05/19/17
...Madison said that since its property management arm Silverstone Property Group took over at the buildings in mid-April, it has addressed a total of 85 city...

04/17/17
...directing all forthcoming rents and managing rights to Silverstone Property Group, the property management arm of Madison, effective immediately. An affiliate of Brookhill had filed...

11/28/16
...business so well.” Nussbaum was the co-founder of Silverstone Property Group, along with Madison Realty Capital’s Josh Zegen and Brian Shatz. Silverstone started off...

...form a wholly owned subsidiary of Madison called Silverstone Property Group. The company focused on acquiring distressed assets amid the downturn. Four years later, Nussbaum...

08/22/16
...residential conversion, and then sold the building to Silverstone Property Group for $45.5 million. Silverstone’s Martin Nussbaum and David Schwartz, who later formed Slate Property...

...looking to buy properties in 2005 and in 2009 co-founded Silverstone Property Group with other partners. Silverstone, which specialized in buying distressed assets, had acquired at least...

...spa, NBA-size basketball court and bike valet. At Silverstone Property Group’s 207 Madison Street, a 20-unit rental on the Lower East Side, the building’s...

10/26/15
...Dvir Cohen Hoshen and Omri Sachs, along with Silverstone Property Group, a firm started by Martin Nussbaum before he co-founded Slate, bought a former McDonald's...

10/16/15
...building, which will also have a retail component. Silverstone Property Group, the company that Slate principal Martin Nussbaum co-founded prior to forming Slate in 2013, acquired...

10/05/15
...for a Kips Bay portfolio in partnership with Silverstone Property Group...

...residential conversion, and then sold the building to Silverstone Property Group for $45.5 million. Martin Nussbaum and David Schwartz, who left Silverstone to form Slate Property...

02/12/15
...In 2009, Zegen partnered with Martin Nussbaum and formed Silverstone Property Group, with the goal of buying up distressed assets at the bottom of the market...

01/22/15
...Tribeca and Chelsea buyers," Halstead's Robin Schneiderman said. Silverstone Property Group, formerly led by Slate co-founder Martin Nussbaum, bought the three-story manufacturing building on the...

11/18/14
...after the design is finalized, the rep said. Silverstone Property Group – then run by Nussbaum – and RWN sold a Kip’s Bay rental building called...

05/15/14
...firm, which used to make equity investments through Silverstone Property Group and debt deals through Madison, will now be doing all its deals under the...

04/28/14
...principals Schwartz and Martin Nussbaum, then still at Silverstone Property Group, teamed up with Adam America to buy a development site at 275 Fourth Avenue for...

04/16/14
...the Grayson rental building in Kips Bay from Silverstone Property Group was the highlight. The deal lifted Manhattan dollar volume, though the number of transactions...

...fierce, with players such as Stone Street Properties, Silverstone Property Group and others competing for assets. Among them, Benchmark Real Estate Group made a number...

03/19/14
...Nussbaum formed in November as a spinoff from Silverstone Property Group, as The Real Deal reported. The firm merged last month with DJS Real Estate...

02/13/14
...left: Josh Zegen, the Grayson and Andrew Scandalios Silverstone Property Group has sold the Grayson, a rental building at 247 East 28th Street in Kip’s...

02/09/14
...striking designs. For instance, Chen is working with Silverstone Property Group and Adam America Real Estate to bring a ziggurat-style glass mixed-use structure to 275 Fourth...

02/06/14
...previously reported. Nussbaum, a founding principal at Manhattan-based Silverstone Property Group, launched Slate in November as a new real estate investment firm. He previously partnered...
  • 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
  • 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
  • Event Sales
  • Address 65-69 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 28,750,000
  • 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
  • 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
  • Address 1 and 3 Bleecker Street and 324 Bowery
  • Neighborhood NoHo
  • Borough Manhattan
  • Price $ 13,400,000
  • 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
  • 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
  • Event Sales
  • Address 65-69 North 6th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 4,300,000
  • 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.
Manhattan, 10016
33RD STREET INVESTORS II LLC
203 East 33rd Street is a 10,125 square foot property built in 1910...
Brooklyn, 11232
MADISON REALTY CAPITAL, 341-353 39 STREET LLC
This property is a new development. The developer(s) filed plans in August of...
Brooklyn, 11205
SILVERSTONE PROPERTY GROUP, 504 MYRTLE RESIDENTIAL OWNER LLC
504 Myrtle Avenue is a 113,898 square foot building in the Clinton Hill...
Brooklyn, 11205
SILVERSTONE PROPERTY GROUP, 490 MYRTLE RESIDENTIAL OWNER LLC
490 Myrtle Avenue is a 90,156 square foot building in the Clinton Hill...
Manhattan, 10012
CDN REALTY LLC
...
Brooklyn, 11211
Adam America Real Estate|Silverstone Property Group, HORIZON NORTH 7 LLC
...
Brooklyn, 11205
Silverstone Property Group
...
Brooklyn, 11215
ADAM AMERICA REAL ESTATE, 275 FOURTH OWNER LLC
The sponsor(s) filed plans on 10/15/15 for a condo project at 275 4th...
Brooklyn, 11232
MADISON REALTY CAPITAL, 341-353 39 STREET LLC
This property is a new development. The developer(s) filed plans in August of...
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