Madison Realty Capital

520 Madison Ave Suite 3501New York, NY 10022

People:

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Madison Realty Capital portfolio

$448.9 million* – elevator 52.0%, walkup 21.0%; Manhattan 50.0%, Brooklyn 26.0%

145th largest portfolio by dollar value

3,118,678 sqft – elevator 65.0%, walkup 11.0%;

105th largest by SF

73 properties – Manhattan 54%, Brooklyn 32%

128th largest

3,207 residential units – Brooklyn 39.0%, Manhattan 32.0%

57th largest by residential units

11 foreclosures, 4 bankruptcies, 6 other court cases.

Company Activity past 24 months:

Buyer company: 4 for $134.6 million

Seller company: 11 for $227.2 million

Borrower company: 11 for $610.1 million

Lender company: 12 for $984.1 million

Top Ten Associated Companies:

Raphael Toledano bankrupt entities (15), ConnectOne Bank (4), Signature Bank (4), Sela Group (3), Fortis Property Group (3), RFR Holding (2), Maxim Capital Group (2), MAG Partners (2), G4 Capital Partners (2), RWN Management (2)

Top Ten Associated People:

David Goldwasser (16), Gal Sela (3), Joel Kestenbaum (3), Scott Shnay (2), MaryAnne Gilmartin (2), Jason Behfarin (2), Jeffrey Horowitz (2), Adam Peldman (2), Simon Dushinsky (2), David Marx (2)

Recent activity as company:

Madison Realty Capital sold 4202/12 Fort Hamilton Pkwy, Borough Park, Brooklyn for $10 million to Jacob Fulop on January 14, 2025.

Madison Realty Capital, Siguler Guff & Company and Amherst Capital Management sold 1 Hanson Place, Fort Greene, Brooklyn for $10.3 million to BSE Global on November 15, 2024.

• Ian Schrager borrowed $173.2 million from Madison Realty Capital for 215 Chrystie Street, Lower East Side, Manhattan on November 15, 2024.

RFR Holding borrowed $82.4 million from Madison Realty Capital for 201 3rd Street, 225 3rd Street, and 169 3rd Street, Gowanus, Brooklyn on November 06, 2024.

Icon Realty Management borrowed $29.3 million from Starwood Property Trust for 300 West 22nd Street, Chelsea, Manhattan on November 06, 2024.

Madison Realty Capital sold 753 9th Avenue, Hell’s Kitchen, Manhattan for $5 million to Breuer Herskowitz registered on October 31, 2024.

RB Realty Capital borrowed $104.8 million from Varde Partners for 97-12 65th Road, 97-12 65th Road, 97-12 65th Road, 97-12 65th Road, 97-12 65th Road, and others, Rego Park, Queens on October 07, 2024.

Madison Realty Capital borrowed $0 from Peter Stern for 3052 Brighton 1st Street, Brighton Beach, Brooklyn on September 24, 2024.

Raba Haim Abramov sold 550 West 29th Street, Chelsea, Manhattan for $4.1 million to Madison Realty Capital on September 20, 2024.

Madison Realty Capital sold 421 West 21st Street, Chelsea, Manhattan for $18.5 million to Sky Management on September 19, 2024.

Latest Stories:

• Mendel Fleischman signs $12.3M refi for two properties in Williamsburg (January 31, 2025)

• Jacob Fulop pays $10M to Madison Realty Capital for dev site in Borough Park (January 15, 2025)

• Courts roundup: $71M in 3 pre-foreclosures at Namdar, Madison Realty Capital, Yoel Goldman assets (January 13, 2025)

• William Rothner signs $66M refi for new 150-unit rental in Greenwood Heights (November 26, 2024)

• Ian Schrager signs $173.2M refi with Madison Realty Capital for Public Hotel in Lower East Side (November 18, 2024)

• BSE Global pays $10.3M for One Hanson retail in Fort Greene, debt was $22M in 2018 (November 18, 2024)

• Ian Schrager solidifies stake valued at $173.8M at Public Hotel in Lower East Side (November 08, 2024)

• Lender Greystone takes back 55-unit Hello Living rental with $44.9M judgment (November 08, 2024)

• Icon Realty Management signs $29.3M refi for The Moore hotel in Chelsea (November 07, 2024)

• RFR signs $82.4M refi with Madison Realty Capital for Gowanus dev site (November 07, 2024)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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