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.


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...

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...

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...

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...

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...

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

12/13/13
...Avenue in Park Slope that was purchased by Silverstone Property Group and Adam America Real Estate. -- Julie Strickland...

11/20/13
...Street, Joseph Koicim and Peter Von Der Ahe Silverstone Property Group has sold a West Village multi-family building for $19.2 million, after buying it for $11.3 million...

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

11/11/13
...will find plenty of company in the neighborhood. Silverstone Property Group is constructing a 14-story, 89-unit rental building on 165th Street, several gyms have recently...

09/24/13
...photo credit: PropertyShark), Barak Jacobov and Yosef Katz Silverstone Property Group and RWN Real Estate Partners have ponied up $71.5 million for seven adjacent properties at...

07/31/13
...Cohen and the McDonald's site A partnership between Silverstone Property Group and Adam America Real Estate has acquired a Park Slope development site for $14.8 million...

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

07/03/13
...Myrtle Avenue in Clinton Hill Silverstone Property Group will bring two buildings with 240 rental apartments to Clinton Hill’s Myrtle Avenue, at...
  • 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.
Brooklyn, 11232
341-353 39TH STREET LLC
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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, HORIZON NORTH 7 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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