Slate Property Group | The Real Deal New York

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Slate Property Group

850 Third Avenue #16B
New York, NY 10022
(646) 439-4000
Website
info@slatepg.com

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.


Rikers Island
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...

12/22/16
...for the sale of the nursing home to Slate Property Group and several partners.  — Kathryn Brenzel...

12/21/16
...lot of pressure." China Vanke has partnered with Slate Property Group and Adam America Real Estate on three development deals, including the controversial Rivington House...

12/20/16
...paving the way for a luxury condo developer, Slate Property Group, to buy the property. In October 2015, the city tapped BRP to build 166 affordable housing...

12/14/16
...nursing home on the Lower East Side to Slate Property Group and partners, obtained a $20 million loan from Sabr when Allure bought the Brooklyn nursing...

12/09/16
...Partners' Ofer Yardeni, Heritage Equity Partners’ Toby Moskovits, Slate Property Group’s David Schwartz, Morgenstern Capital’s Robert Morgenstern, Heller Realty's Ben Heller and Newcastle...

12/05/16
...the property to a group of developers, including Slate Property Group, for a $72 million profit. The city has accused Slate of deliberating misleading it over...

11/29/16
...China Vanke teamed up with New York developers Slate Property Group and Adam America Real Estate to build luxury condos at the former nonprofit nursing...

11/28/16
...From left: Slate Property Group’s Martin Nussbaum and David Schwartz and Rivington House at 45 Rivington Street on the...

11/22/16
...-square-foot mixed-use project with 24 condominiums and 330 rental units. Slate Property Group recently dropped out of the project, though after community groups criticized the developer for...

11/16/16
...-224 West 21st Street UPDATED, Nov. 18, 6:01 p.m.: Slate Property Group sued its former attorneys for allegedly giving them bad advice on how to evict...
  • Event Sales
  • Address 222-224 West 21st Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 22,437
  • Price $ 29,500,000
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
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
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
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
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
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
  • Event Sales
  • Address 120 Union Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 15,500,000
  • Event Sales
  • Address 310 12th Street
  • Neighborhood South Slope
  • Borough Brooklyn
  • Price $ 6,000,000
Brooklyn, 11211
Slate Property Group, 66 AINSLIE LLC
...
Queens, 11385
Slate Property Group, CANARSIE ASSOCIATES, L.P.
...
Manhattan, 10003
47 THIRD RESIDENTIAL
...
Manhattan, 10011
...
Manhattan, 10009
...
Brooklyn, 11206
Slate Property Group, SPG JOHNSON LLC
Construct New Seven (7) Story Mixed Use Building...
Manhattan, 10031
Slate Property Group, HAMILTON GRANGE LLC
...
Manhattan, 10022
Slate Property Group, GO RIVER TOWER, LLC
...
Brooklyn, 11211
Slate Property Group, 123 HOPE STREET OWNER LLC
...
Brooklyn, 11217
Slate Property Group, 1 FLATBUSH AVENUE PROPERTY OWNER
...
Queens, 11101
Slate Property Group, 44TH DRIVE LIC VENTURE LLC
...
Brooklyn, 11238
Slate Property Group, 325 LAFAYETTE ASSOCIATES LLC
...
Brooklyn, 11206
Adam America Real Estate, ADAM AMERICA REAL ESTATE
...
Brooklyn, 11215
Adam America Real Estate, 470 4TH AVENUE INVESTORS, LLC
...
Brooklyn, 11215
Adam America Real Estate, PARTNERS VII, 535 4TH OWNER, LLC
...
Brooklyn, 11215
Slate Property Group, 275 FOURTH OWNER LLC
...
Brooklyn, 11201
Adam America Real Estate|Slate Property Group, 201 WATER STREET LLC
51 Jay Street is a condominium building in the DUMBO section of Brooklyn....

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...
Queens, 11385
Slate Property Group, CANARSIE ASSOCIATES, L.P.
...
Brooklyn, 11211
Slate Property Group, 66 AINSLIE LLC
...
Brooklyn, 11206
Slate Property Group, SPG JOHNSON LLC
Construct New Seven (7) Story Mixed Use Building...
Manhattan, 10031
Slate Property Group, HAMILTON GRANGE LLC
...
Manhattan, 10022
Slate Property Group, GO RIVER TOWER, LLC
...
Brooklyn, 11211
Slate Property Group, 123 HOPE STREET OWNER LLC
...
Brooklyn, 11217
Slate Property Group, 1 FLATBUSH AVENUE PROPERTY OWNER
...
Queens, 11101
Slate Property Group, 44TH DRIVE LIC VENTURE LLC
...
Brooklyn, 11238
Slate Property Group, 325 LAFAYETTE ASSOCIATES LLC
...
Brooklyn, 11206
Adam America Real Estate, ADAM AMERICA REAL ESTATE
...
Brooklyn, 11215
Slate Property Group, 275 FOURTH OWNER LLC
...
Brooklyn, 11215
Adam America Real Estate, PARTNERS VII, 535 4TH OWNER, LLC
...
Brooklyn, 11215
Adam America Real Estate, 470 4TH AVENUE INVESTORS, LLC
...
Brooklyn, 11201
Adam America Real Estate|Slate Property Group, 201 WATER STREET LLC
51 Jay Street is a condominium building in the DUMBO section of Brooklyn....
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