Silverstein Properties

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Silverstein Properties portfolio

$4.9 billion* – office 86.0%, condo 7.0%; Manhattan 99.0%, Bronx 0.0%

11th largest portfolio by dollar value

15,244,388 sqft – office 79.0%, condo 12.0%;

17th largest by SF

161 properties – Brooklyn 81%, Manhattan 16%

43th largest

1,815 residential units – Manhattan 80.0%, Queens 19.0%

121th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $844.5 million

Seller company: 1 for $107.6 million

Borrower company: 6 for $840.1 million

Top Ten Associated Companies:

Wells Fargo (4), Banco Inbursa (2), City Parking (1), Metro Loft Management (1), AIG (1), Bank of New York Mellon as trustee (1), Extell Development (1), Related Companies (1), Namdar Realty Group (1), Empire Capital Holdings (1)

Top Ten Associated People:

Rafael Llopiz (1), Nathan Berman (1), Jacob Baron (1), Glenn Kunak (1), Marc Kwestel (1), Jennifer D. Britt (1), George L. Olsen (1), Matthew K. Scheriff (1), Abraham Khalili (1), Andrew Migdon (1)

Recent activity as company:

• Silverstein Properties borrowed $14.2 million from Bank of America for 533 11th Avenue, Hell’s Kitchen, Manhattan on January 28, 2025.

• Silverstein Properties borrowed $245 million from Goldman Sachs for 1 River Place, Hell’s Kitchen, Manhattan on August 15, 2024.

• JDS Development Group sold 9 Dekalb Avenue, 9 Dekalb Avenue, 9 Dekalb Avenue, 9 Dekalb Avenue, 9 Dekalb Avenue, and others, Downtown Brooklyn, Brooklyn for $672 million to Silverstein Properties on July 01, 2024.

• Silverstein Properties borrowed $130 million from Apollo Global Management for 116 John Street, Financial District, Manhattan on January 08, 2024.

• Silverstein Properties and Metro Loft Management borrowed $220 million from Banco Inbursa for 55 Broad Street, Financial District, Manhattan on August 04, 2023.

• Rudin Management sold 55 Broad Street, Financial District, Manhattan for $172.5 million to Silverstein Properties and Metro Loft Management on August 04, 2023.

• Silverstein Properties sold 529 5th Avenue, Grand Central, Manhattan for $107.6 million to Namdar Realty Group and Empire Capital Holdings on June 26, 2023.

• Silverstein Properties borrowed $65.8 million from Wells Fargo for 120 Broadway and 120 Broadway, Financial District, Manhattan on April 13, 2023.

• Silverstein Properties borrowed $165 million from Banco Inbursa for 44-01 Northern Boulevard, Astoria, Queens on February 22, 2023.

• Silverstein Properties sold 47 West 66th Street, 7 West 66th Street, 77 West 66th Street, 30 West 67th Street, 147 Columbus Avenue, and others, Lincoln Square, Manhattan for $931 million to Extell Development on March 29, 2022.