Madison Capital

People:

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Madison Capital portfolio

$238.6 million* – retail 36%, industrial 35%; Manhattan 64%, Brooklyn 35%

259th largest portfolio by dollar value

1,325,217 sqft – industrial 88%, office 7%;

254th largest by SF

6 properties – Manhattan 50%, Brooklyn 50%

1281th largest

4 foreclosures, 0 bankruptcies, 0 other court cases.

Top Ten Associated Companies:

Invesco Real Estate (1), JPMorgan Chase (1), Signature Bank (1), Blackstone Mortgage Trust (1), Societe Generale (1), Jack Guttman (1)

Top Ten Associated People:

Jack Guttman (1)

Recent activity as company:

Madison Capital borrowed $24.8 million from Signature Bank for 688 Court Street and 702 Court Street, Red Hook, Brooklyn on June 08, 2021.

Jack Guttman sold 688 Court Street and 702 Court Street, Red Hook, Brooklyn for $45 million to Madison Capital on June 08, 2021.

Madison Capital borrowed $168 million from JPMorgan Chase for 130 Prince Street, Soho, Manhattan on March 24, 2020.

Madison Capital borrowed $117.6 million from Blackstone Mortgage Trust for 850 3rd Avenue, Sunset Park, Brooklyn on January 28, 2020.

Madison Capital borrowed $75 million from Societe Generale for 19 East Houston Street, Soho, Manhattan on September 13, 2019.

• Invesco Real Estate sold 130 Prince Street, Soho, Manhattan for $206.3 million to Madison Capital on July 30, 2019.

Latest Stories:

• Courts roundup: Mack sues Chetrits again, now for $223M; $14M Chelsea retail pre-foreclosure (January 08, 2025)

• Madison Capital clearing Red Hook dev site acquired for $45M last year (September 26, 2022)

• Madison Capital pays $45M to Jack Guttman for two industrial buildings in Red Hook (June 09, 2021)

• Madison Capital files plans for $8.1M multi-floor rehab of office building in Soho (August 03, 2020)

• Madison Capital and other investors borrow $168M from JPMorgan Chase for office property in Soho (March 25, 2020)

• Madison Capital, Salmar Properties borrow $45M from Blackstone for commercial property in Sunset Park (February 10, 2020)

• Madison Capital borrows $118M from Blackstone Mortgage Trust for commercial property in Sunset Park (January 29, 2020)

• Madison Capital borrows $75M from Société Générale for newly completed property in Soho (September 16, 2019)

• Madison Capital paid $206M to Invesco (July 31, 2019)

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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