Slate Property Group
Slate Property Group is a full-service real estate development and investment firm. Founded in 2014 by Martin Nussbaum and David Schwartz, Slate is focused on acquiring and developing new residential, mixed-use and retail projects in the New York metropolitan area. (Nussbaum had co-founded Silverstone Property Group five years earlier, before breaking away from the larger firm)
The firm hit the ground running, splitting its business into ground-up development primarily in Brooklyn and multifamily condos in downtown Manhattan. Slate helped to develop a $100 million mixed-use residential and retail property in Park Slope early that year and a 20-unit apartment building down the street. In 2015, Slate made it to the big leagues with its $390 million purchase of the RiverTower apartment building in Midtown East.
But 2016 brought controversy with Slate's purchase of Rivington House, a Lower East Side nursing home that closed in 2015. A politically connected nursing home company acquired the property after the closure and convinced the city to lift a restriction on the property’s deed that required it to be operated as a nursing home, then flipped it to Slate to develop into condos in a deal arranged before the restriction was lifted. Outrage over the deal prompted the city to boot Slate from the city-backed Bedford Armory redevelopment in Crown Heights. Slate and its partners end up abandoning their condo plans, and in 2019 sold the property at 45 Rivington Street for a $43 million profit.
In its first five years, Slate amassed a portfolio in excess of $4 billion in real estate assets totaling over 4,000 units across approximately 50 investments.
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- Event Sales
- Address 1 Flatbush Avenue
- Neighborhood Fort Greene
- Borough Brooklyn
- Price $ 100,000,000
- Publication Date 06/19/2020
- Event Date 06/16/2020
- Party 1 Meadow Partners, Slate Property Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Adam Spies, Adam Doneger, Dan O'Brien, Avery Silverstein
- Party 2 Goldman Sachs
- Event Financing
- Address 236 West 10th Street
- Neighborhood West Village
- Borough Manhattan
- Price $ 16,000,000
- Publication Date 12/27/2019
- Event Date 12/16/2019
- Party 1 Slate Property Group
- Party 2 M&T Bank
- Event Financing
- Address 420 East 54th Street
- Neighborhood Midtown East
- Borough Manhattan
- Price $ 285,000,000
- Publication Date 12/06/2019
- Event Date 12/03/2019
- Party 1 Slate Property Group, BentallGreenOak
- Party 2 Mack Real Estate Credit Strategies
- Event Financing
- Address 420 East 54th Street
- Neighborhood Midtown East
- Borough Manhattan
- Price $ 390,000,000
- Publication Date 11/08/2019
- Event Date 11/05/2019
- Party 1 Slate Property Group, BentallGreenOak
- Party 1 Brokerage Meridian Capital Group
- Party 1 Broker Ronnie Levine, Thomas Wayda
- Party 2 Mack Real Estate Credit Strategies
- Event Sales
- Address 60 East 12th Street
- Neighborhood East Village
- Borough Manhattan
- Price $ 106,500,000
- Publication Date 08/16/2019
- Event Date 08/15/2019
- Party 1 Heller Realty
- Party 2 Slate Property Group, Alcion Ventures
- Event Sales
- Address 60 East 12th Street
- Neighborhood East Village
- Borough Manhattan
- Price $ 106,500,000
- Publication Date 08/16/2019
- Event Date 08/15/2019
- Party 1 Heller Realty
- Party 2 Slate Property Group, Alcion Ventures
- Event Sales
- Address 60 East 12th Street
- Neighborhood East Village
- Borough Manhattan
- Price $ 106,500,000
- Publication Date 08/16/2019
- Event Date 08/15/2019
- Party 1 Heller Realty
- Party 2 Slate Property Group, Alcion Ventures
- Event Sales
- Address 271 West 47th Street
- Neighborhood Midtown
- Borough Manhattan
- Square feet 463,143
- Price $ 280,000,000
- Publication Date 12/23/2018
- Event Date 12/17/2018
- Party 1 Jack Parker Corporation
- Party 2 GreenOak Real Estate Advisors, Slate Property Group
- Event Financing
- Address 271 West 47th Street
- Neighborhood Midtown
- Borough Manhattan
- Square feet 463,143
- Price $ 225,000,000
- Publication Date 12/23/2018
- Event Date 12/17/2018
- Party 1 GreenOak Real Estate Advisors, Slate Property Group
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Dustin Stolly, Jordan Roeschlaub
- Party 2 Mesa West Capital
- Event Sales
- Address 632 East 11th Street
- Neighborhood East Village
- Borough Manhattan
- Square feet 19,980
- Price $ 17,250,000
- Price per foot $ 863.36
- Publication Date 12/10/2018
- Event Date 12/06/2018
- Party 1 S632 E 11th Street Corp.
- Party 1 Brokerage Marcus & Millichap
- Party 1 Broker Matt Fotis, Robert Aaron
- Party 2 Slate Property Group
- Party 2 Brokerage Marcus & Millichap
- Party 2 Broker Matt Fotis, Robert Aaron
- Event Sales
- Address 271 West 47th Street
- Neighborhood Midtown
- Borough Manhattan
- Square feet 463,134
- Price $ 280,000,000
- Publication Date 12/03/2018
- Event Date 11/28/2018
- Party 1 Jack Parker Corporation
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker James Kuhn, David Colen, Michael Byrne
- Party 2 GreenOak Real Estate, Slate Property Group
- Party 1 Entity Newmark Knight Frank
- Party 2 Broker James Kuhn, David Colen, Michael Byrne
- Event Financing
- Address 150 West 82nd Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 50,000
- Price $ 50,000,000
- Publication Date 11/03/2018
- Event Date 11/01/2018
- Party 1 GreenOak Real Estate, Slate Property Group
- Party 1 Brokerage JLL
- Party 1 Broker Aaron Appel, Keith Kurland, Adam Schwartz, Jonathan Schwartz, Michael Diaz, Patrick Heitmann
- Party 2 Apollo Global Management
- Event Financing
- Address 120 Union Avenue
- Neighborhood East Williamsburg
- Borough Brooklyn
- Square feet 70,176
- Price $ 71,000,000
- Publication Date 09/04/2018
- Event Date 08/27/2018
- Party 1 Adam America Real Estate, Slate Property Group
- Party 1 Brokerage Maverick Commercial Properties
- Party 2 Deutsche Bank
- Event Financing
- Address 325 Lafayette Avenue
- Neighborhood Clinton Hill
- Borough Brooklyn
- Square feet 16,943
- Price $ 60,000,000
- Publication Date 08/20/2018
- Event Date 08/13/2018
- Party 1 Slate Property Group
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Dustin Stolly, Jordan Roeschlaub, Daniel Fromm
- Party 2 Bank OZK
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker Dustin Stolly, Jordan Roeschlaub, Daniel Fromm
- Event Financing
- Address 1 Flatbush Avenue
- Neighborhood Fort Greene
- Borough Brooklyn
- Square feet 170,000
- Price $ 125,000,000
- Publication Date 08/13/2018
- Event Date 08/07/2018
- Party 1 Meadow Partners, Slate Property Group
- Party 2 Mack Real Estate Credit Strategies
- Event Financing
- Address 37-14 34th Street
- Neighborhood Long Island City
- Borough Queens
- Square feet 115,000
- Price $ 45,000,000
- Publication Date 06/04/2018
- Event Date 06/04/2018
- Party 1 New Empire Real Estate Development
- Party 2 Slate Property Group
- Event Financing
- Address 222 Johnson Avenue
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 36,000,000
- Publication Date 06/04/2018
- Event Date 05/21/2018
- Party 1 Slate Property Group
- Party 2 Bank Leumi
- Event Sales
- Address 237 11th Street
- Neighborhood Park Slope
- Borough Brooklyn
- Square feet 92,722
- Price $ 81,000,000
- Publication Date 06/04/2018
- Event Date 05/25/2018
- Party 1 Adam America Real Estate, Slate Property Group, Naveh Schuster
- Party 2 Trinity Place Holdings
- Event Financing
- Address 144 East 24th Street
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 38,267
- Price $ 23,500,000
- Publication Date 02/06/2018
- Event Date 01/11/2018
- Party 1 Slate Property Group
- Party 2 Signature Bank
- Event Financing
- Address 10 Nevins Street
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 179,000
- Price $ 104,000,000
- Publication Date 01/09/2018
- Event Date 01/08/2018
- Party 1 Adam America Real Estate, China Vanke, Slate Property Group
- Party 2 Bank of the Ozarks, iStar Financial
- Event Sales
- Address 153 Ludlow Street
- Neighborhood Lower East Side
- Borough Manhattan
- Square feet 11,000
- Price $ 10,000,000
- Publication Date 08/01/2017
- Event Date 06/20/2017
- Party 1 Arwen Equities
- Party 2 Slate Property Group
- Event Sales
- Address 222-224 West 21st Street
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 22,437
- Price $ 29,500,000
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Slate Property Group
- Party 1 Brokerage Cushman & Wakefield, Meridian Capital Group
- Party 1 Broker Brock Emmetsberger, James Nelson; David Schechtman, Lipa Lieberman, Abie Kassin
- Party 2 Chinese firm
- Party 2 Brokerage Sagewood Equity
- Party 2 Broker Jingying Wu
- Event Financing
- Address 541 Fourth Avenue
- Neighborhood Park Slope
- Borough Brooklyn
- Price $ 40,900,000
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 Slate Property Group
- Party 2 Santander Bank
- Event Financing
- Address 535 4th Avenue
- Neighborhood Park Slope
- Borough Brooklyn
- Price $ 42,000,000
- Publication Date 05/01/2016
- Event Date 03/17/2016
- Party 1 Slate Property Group
- Party 2 Santander Bank
- Event Sales
- Address 1873 Starr Street
- Neighborhood Ridgewood
- Borough Queens
- Square feet 40,000
- Price $ 18,500,000
- Price per foot $ 462.50
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Slate Property Group
- Party 2 Valyrian Capital, MGM Property Group
Slate Property Group, THOR-GO 120-125 RIVERSIDE LLC
SLATE PROPERTY GROUP, SPG BOERUM LLC

Slate Property Group, POWERS 21 LLC

Slate Property Group, PARK AVE ENTERPRISES, LLC
457 15TH STREET INVESTORS LLC
807 MANHATTAN AVENUE LLC
RIVINGTON STREET INVESTORS LLC
33RD STREET INVESTORS IV LLC
245 EAST 30TH STREET INVESTORS LLC
33RD STREET INVESTORS V LLC
33RD STREET INVESTORS I LLC
33RD STREET INVESTORS III LLC
570 FULTON STREET PROPERTY LLC
SLATE PROPERTY GROUP
PARTNERS IV 541-545 FOURTH OWN
ADAM AMERICA REAL ESTATE, 1535 BEDFORD INVESTORS, LLC
Slate Property Group, 66 AINSLIE LLC
Slate Property Group, 176 WOODWARD AVE LESSEE LLC
Slate Property Group, LB I ASSOCIATES LLC
SLATE PROPERTY GROUP, RIVER TOWER OWNER, LLC
SLATE PROPERTY GROUP, 123 HOPE STREET OWNER LLC|123 HOPE STREET TIC 4 LLC|SHUSTER HOPE LLC
SLATE PROPERTY GROUP, 1 FLATBUSH AVENUE PROPERTY OWNER
SLATE PROPERTY GROUP, NYU LANGONE MEDICAL CENTER, A DIVISION OF NEW YORK UNIVERSITY
SLATE PROPERTY GROUP, 325 LAFAYETTE ASSOCIATES LLC
201 WATER STREET LLC
Slate Property Group, THOR-GO 120-125 RIVERSIDE LLC
SLATE PROPERTY GROUP, SPG BOERUM LLC

Slate Property Group, POWERS 21 LLC
PARTNERS IV 541-545 FOURTH OWN
ADAM AMERICA REAL ESTATE, 1535 BEDFORD INVESTORS, LLC
Slate Property Group, 176 WOODWARD AVE LESSEE LLC
Slate Property Group, 66 AINSLIE LLC
Slate Property Group, LB I ASSOCIATES LLC
SLATE PROPERTY GROUP, 123 HOPE STREET OWNER LLC|123 HOPE STREET TIC 4 LLC|SHUSTER HOPE LLC
SLATE PROPERTY GROUP, 1 FLATBUSH AVENUE PROPERTY OWNER
SLATE PROPERTY GROUP, NYU LANGONE MEDICAL CENTER, A DIVISION OF NEW YORK UNIVERSITY
SLATE PROPERTY GROUP, 325 LAFAYETTE ASSOCIATES LLC