Madison International Realty
300 Park Avenue 3rd Floor New York, NY 10022
People:
Madison International Realty portfolio
$319.7 million* – condo 37%, mixed-use 34%; Brooklyn 79%, Manhattan 10%
198th largest portfolio by dollar value
1,827,445 sqft – mixed-use 42%, elevator 27%;
179th largest by SF
17 properties – Manhattan 35%, Brooklyn 35%
523th largest
892 residential units – Manhattan 36%, Brooklyn 32%
262th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Seller company: 2 for $35 million
Borrower company: 2 for $162 million
Top Ten Associated Companies:
Urban American Management (10), Simone Development Companies (1), RSS UBSBB2013-C6-NY MCS LLC (1), Voya Investment Management (1), Richard Cohen (1), Infinity Real Estate (1), Citibank (1), Goldman Sachs (1)
Top Ten Associated People:
Joseph Simone (1), Adam Singer (1), Jason Tessler (1), Tracey Spiritus (1), Timothy Richards (1)
Recent activity as company:
• Madison International Realty borrowed $93 million from Citibank and Goldman Sachs for 139 Flatbush Avenue, Fort Greene, Brooklyn on October 28, 2024.
• Madison International Realty borrowed $69 million from Voya Investment Management for 625 Atlantic Avenue and N/A Fort Greene Place, Fort Greene, Brooklyn on March 25, 2024.
• Madison International Realty sold 94 Court Street, Brooklyn Heights, Brooklyn for $23 million to RSS UBSBB2013-C6-NY MCS LLC on October 30, 2023.
• Madison International Realty sold 1730 Eastchester Road, 1742 Eastchester Road, 1724 Eastchester Road, 1710 Eastchester Road, N/A Eastchester Road, and others, Pelham Bay, Bronx for $12 million to Simone Development Companies on October 12, 2023.
• Madison International Realty for Sal Ariganello filed plans for new building for 119,428 sqft in Elmhurst, Queens, on November 04, 2022.
• Madison International Realty sold Shops at Richmond Avenue at 2505 Richmond Avenue, Staten Island, Staten Island for $31.5 million to Infinity Real Estate on September 09, 2020.
• Richard Cohen borrowed $122.7 million from Madison International Realty for Trinity Centre at 111-115 Broadway, Financial District, Manhattan on March 10, 2020.
• Urban American Management sold 122-20 Ocean Promenade, Belle Harbor, Queens for $14.5 million to Madison International Realty on January 13, 2020.
• Urban American Management sold 29-07 31st Avenue, 30-95 29th Street, Astoria, Queens for $18.9 million to Madison International Realty on January 10, 2020.
• Urban American Management sold 31-49 29th Street, Astoria, Queens for $13.6 million to Madison International Realty on January 09, 2020.
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