Silverstone Property Group | TRD Research
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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.

  • 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
  • Address 143-145 West 4th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 19,200,000
  • Event Sales
  • Building Name 143-145 West 4th Street
  • Address 145 West 4th Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Price $ 19,200,000
  • Publication Date 01/01/2014
  • Event Date 11/22/2013
  • Party 1 Silverstone Property Group
  • Party 1 Brokerage Marcus & Millichap
  • Party 1 Broker Peter Von Der Ahe, Joseph Koicim
notes
The properties sold for $19.2 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
  • 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 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 1 and 3 Bleecker Street and 324 Bowery
  • Neighborhood NoHo
  • Borough Manhattan
  • Price $ 13,400,000
  • 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 450 and 452 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 12,500,000
  • 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
  • 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
  • Address 17-19 Bleecker Street
  • Neighborhood Bushwick
  • Borough Queens
  • Price $ 5,500,000
  • 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 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.
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