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Slate Property Group
Slate Property Group is a full-service real estate development and investment firm. Founded in 2014 by Martin Nussbaum (who had founded Silverstone Property Group five years earlier, before breaking away from the larger firm), Slate is focused on acquiring and developing new residential, mixed-use and retail projects in the New York metropolitan area. 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 didn't seem to slow much. It closed for $23 million on a Downtown Brooklyn property, where it planned to erect condominiums, and nabbed a 40,000-square-foot rental building for $29 million in Murray Hill, where Slate has created an investment niche, focusing on the student population at nearby Baruch College.
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06/21/17
...East 53rd Street and has teamed up with Slate Property Group and Adam America on two Brooklyn projects, as well as the troubled Rivington House...
06/20/17
...mid-market New York City investment sales last week, Slate Property Group picked up a rental building on the Lower East Side, and City Skyline Realty...
05/17/17
...State Attorney General's office approved Adam America and Slate Property Group...
05/16/17
...Slate Property Group founders Martin Nussbaum and David Schwartz recently visited The Real Deal's offices, where they...
05/15/17
...or Bushwick,” said David Schwartz, a principal at Slate Property Group, which said it intends to steer clear of the Bronx for now. Williamsburg saw...
05/15/17
...Slate Property Group founders Martin Nussbaum and David Schwartz recently dropped by The Real Deal's Hudson Yards...
05/12/17
...Gary Barnetts and Harry Macklowes of the world, Slate Property Group principals Martin Nussbaum and David Schwartz aren't interested in developing the next jewel that...
04/24/17
...s Rivington House before selling the property to Slate Property Group, China Vanke and Adam America Real Estate for $116 million.
The Landau based out of...
04/19/17
...that buyers are comfortable with.”
David Schwartz of Slate Property Group, an active condo developer in Brooklyn, agreed. “Yesterday would have gotten $450 a foot. Now...
04/13/17
...on projects they mothballed when the program expired.
Slate Property Group’s David Schwartz said the firm has several developments that were put on hold...
03/19/17
...are endless,” David Schwartz, co-founder of development firm Slate Property Group, told the New York Daily News. “You really have never had a piece of...
03/06/17
...made $72 million when it sold the property to Slate Property Group. In April, New York state Attorney General Eric Schneiderman issued subpoenas after Allure filed...
03/06/17
...more flexibility,” argued David Schwartz, a principal at Slate Property Group. “The more financing options we have will make it easier to do more affordable...
03/03/17
...Use Review Procedure) process.
BFC initially partnered with Slate Property Group on the project. But after the scandal surrounding Rivington House – a former nursing home...
03/01/17
...project and start over.”
BFC initially partnered with Slate Property Group on the project, but Slate left amid City Hall pressure in the wake of...
02/27/17
...deed restriction.
Allure then sold the property to Slate Property Group, China Vanke and Adam America Real Estate for $116 million.
A report by city Comptroller...
02/21/17
...the restriction removed and sold the it to Slate Property Group, Adam America and China Vanke or $116 million.
Neither de Blasio nor his staff have...
02/07/17
...Nussbaum and David Schwartz
UPDATED: Tuesday, Feb. 7 at 4:30: Slate Property Group is in hot water with the city again — this time for allegedly exposing tenants...
02/03/17
...Bay Court for $620 million. Also in Midtown East, Slate Property Group and GreenOak Real Estate bought the 38-story RiverTower from Sam Zell’s Equity Residential...
01/30/17
...to fail, believe me."
BFC originally partnered with Slate Property Group to develop the site, but Slate agreed to sell its stake last year amid...
01/26/17
...correspondence between BFC Partners and the agency regarding Slate Property Group, which was previously a partner on the project.
“It is vital that the community...
12/30/16
...Allure made $72 million when it sold 45 Rivington to Slate Property Group, after convincing the city to lift a deed restriction on the site. The de...
12/28/16
...First Street
Developer: Adam America Real Estate and Slate Property Group
Projected Sellout: $85.9 million
Units: 44
Type: New construction
Adam America and Slate Property Group were...
12/27/16
...the city's residential market. It has partnered with Slate Property Group and Adam America Real Estate on three development deals, including the controversial Rivington House...
12/22/16
...the property to a group of developers, including Slate Property Group , for a $72 million profit. The city has accused Slate of misleading it about over...
- 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
notes
The multifamily asset sold for $29.5 million.
- 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
notes
The company secured a $40.9 million construction loan for the rental building.
- 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
notes
The company secured a $42 million loan consisting of a $34.6 million building loan and a $7.4 million project loan.
- Event Sales
- Address 45 Rivington Street
- Neighborhood Lower East Side
- Borough Manhattan
- Square feet 145,000
- Price $ 116,000,000
- Price per foot $ 800.00
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 New Rivington Properties
- Party 2 China Vanke, Adam America Real Estate, Slate Property Group
notes
The 6 story multifamily building sold for $116 million and will be turned into a luxury residential development.
- 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
notes
The development site sold for $18.5 million.
- Event Sales
- Address 420 East 54th Street
- Neighborhood Sutton Place
- Borough Manhattan
- Square feet 413,233
- Price $ 390,000,000
- Price per foot $ 943.78
- Publication Date 03/01/2016
- Event Date 01/01/2016
- Party 1 Equity Residential
- Party 1 Brokerage CBRE
- Party 1 Broker Darcy Stacom, William Shanahan
- Party 2 Slate Property Group, GreenOak Real Estate
notes
The 37-story multifamily residential building sold for $390 million.
- Event Financing
- Address 420 East 54th Street
- Neighborhood Sutton Place
- Borough Manhattan
- Price $ 285,000,000
- Publication Date 03/01/2016
- Event Date 01/01/2016
- Party 1 GreenOak Real Estate, Slate Property Group
- Party 2 Blackstone Mortgage Trust
notes
The company secured a $248.6 million acquisition loan and $36.4 million construction loan.
- Event Financing
- Address One Flatbush
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 170,000
- Price $ 110,000,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Slate Property Group, Meadow Partners
- Party 1 Brokerage JLL
- Party 1 Broker Aaron Appel, Jonathan Schwartz
- Party 2 Winter Properties, Wells Fargo
notes
A $110 million mezzanine loan senior mortgage was arranaged for the 157-unit mixed-use project.
- Event Sales
- Address 123 Hope Street
- Neighborhood Williamsburg
- Borough Brooklyn
- Square feet 110,000
- Price $ 31,500,000
- Price per foot $ 286.36
- Publication Date 12/01/2015
- Event Date 10/22/2015
- Party 1 Wechsler Equities
- Party 1 Brokerage Kalmon Dolgin Affiliates
- Party 1 Broker Neil Dolgin, Robert Klein
- Party 2 Slate Property Group
notes
The Quaker Sugar factory building sold for $31.5 million.
- Event Financing
- Address 570 Fulton Street
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 72,000
- Price $ 22,000,000
- Publication Date 12/01/2015
- Event Date 10/22/2015
- Party 1 Slate Property Group, Meadow Partners
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Adam Hakim, Sam Zabala
- Party 2 Bank of the Ozarks, RCG Longview
notes
A $22 million bridge financing was arranged to acquire the development site.
- Event financing
- Address 1 Flatbush Avenue
- Neighborhood Fort Greene
- Borough Brooklyn
- Square feet 172,000
- Price $ 65,000,000
- Publication Date 11/01/2015
- Event Date 09/22/2015
- Party 1 Slate Property Group
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Adam Hakim, Sam Zabala
notes
$65 million financing was secured for Slate's project.
- Event Sales
- Address 570 Fulton Street
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 20,800
- Price $ 22,900,000
- Price per foot $ 1,100.96
- Publication Date 11/01/2015
- Event Date 09/22/2015
- Party 1 SCO Family of Services
- Party 1 Brokerage TerraCRG
- Party 1 Broker Ofer Cohen
- Party 2 Slate Property Group
notes
The foster care and child clinic building building sold for $22.9 million.
- Event Sales
- Address 1 Flatbush
- Neighborhood Fort Greene
- Borough Brooklyn
- Square feet 120,000
- Price $ 59,000,000
- Price per foot $ 491.67
- Publication Date 04/08/2015
- Event Date 02/27/2015
- Party 1 Capstone Equities, Carlyle Group
- Party 1 Brokerage Savills Studley
- Party 1 Broker Woody Heller, Will Silverman, Eric Negrin
- Party 2 Slate Property Group, Meadow Partners
- Event Sales
- Address 101 East 10th Street
- Neighborhood East Village
- Borough Manhattan
- Price $ 25,900,000
- Publication Date 01/01/2015
- Event Date 11/17/2014
- Party 1 Brokerage Ariel Property Advisors
- Party 1 Broker Victor Sozio and Shimon Shkury
- Party 2 Slate Property Group and RWN Real Estate Partners
- Party 2 Brokerage Ariel Property Advisors
- Party 2 Broker Victor Sozio, Shimon Shkury
- Event Sales
- Address 120 Union Avenue
- Neighborhood Williamsburg
- Borough Brooklyn
- Price $ 15,500,000
- Publication Date 10/01/2014
- Event Date 08/17/2014
- Party 1 Broker Ofer Cohen, Melissa DiBella Warren, Dan Marks, Peter Matheos, Mike Hernandez, Joseph Terzi
- Party 2 Adam America Real Estate, Slate Property Group, Naveh Shuster Limited
- Event Sales
- Address 310 12th Street
- Neighborhood South Slope
- Borough Brooklyn
- Price $ 6,000,000
- Publication Date 07/01/2014
- Event Date 05/17/2014
- Party 1 Brokerage TerraCRG
- Party 1 Broker Adam Hess, Sam Shalumov, Chris Pechlivanides
- Party 2 Slate Property Group
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RIVINGTON STREET INVESTORS LLC
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570 FULTON STREET PROPERTY LLC
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SLATE PROPERTY GROUP
SLATE PROPERTY GROUP
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Brooklyn, 11206
Slate Property Group, SPG JOHNSON LLC
Slate Property Group, SPG JOHNSON LLC
Construct New Seven (7) Story Mixed Use Building...
Brooklyn, 11201
Adam America Real Estate|Slate Property Group, 201 WATER STREET LLC
Adam America Real Estate|Slate Property Group, 201 WATER STREET LLC
51 Jay Street is a condominium building in the DUMBO section of Brooklyn....
...of Macklowe Properties’ 1 Wall Street as well as Slate Property Group and GreenOak Real Estate’s 393-unit RiverTower on East 54th Street, which is undergoing...
12/28/16
...First Street
Developer: Adam America Real Estate and Slate Property Group
Projected Sellout: $85.9 million
Units: 44
Type: New construction
Adam America and Slate Property Group were...
...Street in Dumbo, Adam America Real Estate and Slate Property Group sold a $4.3 million penthouse for $2,065 per foot. Meanwhile, 1 John Street in Dumbo, 388 Bridge Street...
...site of the former Holy Tabernacle Church, and Slate Property Group is building a four-story, 20-unit development at 83 Bushwick Place.
“You also have a lot...
Brooklyn, 11206
Slate Property Group, SPG JOHNSON LLC
Slate Property Group, SPG JOHNSON LLC
Construct New Seven (7) Story Mixed Use Building...
Brooklyn, 11201
Adam America Real Estate|Slate Property Group, 201 WATER STREET LLC
Adam America Real Estate|Slate Property Group, 201 WATER STREET LLC
51 Jay Street is a condominium building in the DUMBO section of Brooklyn....
