Marx Development Group
People:
Marx Development Group portfolio
$299.7 million* – elevator 35%, specialty 28%; Manhattan 49%, Queens 45%
209th largest portfolio by dollar value
1,380,527 sqft – elevator 41%, specialty 31%;
242th largest by SF
157 properties – Queens 98%, Manhattan 1%
47th largest
479 residential units – Queens 100%, Manhattan 0%
441th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Borrower company: 5 for $199 million
Top Ten Associated Companies:
Mack Real Estate Group (4), Tel Aviv Stock Exchange bondholders (2), Madison Realty Capital (2), Capital Funding Group (2), Bankwell Bank (1), Rialto Capital (1), Benjamin Landa (1), Wells Fargo (1), Seavest Investment Group (1), Axos Bank (1)
Top Ten Associated People:
Jennifer Loucks (2), Konstantin Grinberg (1), Sorana Georgescu (1), Benjamin Landa (1), Hillel Lazarus (1), Marissa Sprick (1), Urian Yap (1), Jonathan L. Winer (1)
Recent activity as company:
• Marx Development Group borrowed $18.8 million from Wells Fargo for 132-54 Pople Avenue, 42-34 Saull Street, 158-13 72nd Avenue, 158-13 72nd Avenue, 158-13 72nd Avenue, and others, Flushing, Queens on July 30, 2024.
• Marx Development Group borrowed $28.6 million from Tel Aviv Stock Exchange bondholders for N/A 61st Avenue, Little Neck, Queens on April 16, 2024.
• Marx Development Group borrowed $44.2 million from Madison Realty Capital for 450 11th Avenue, Hudson Yards, Manhattan on March 06, 2024.
• Marx Development Group borrowed $88.8 million from Madison Realty Capital for 450 11th Avenue, Hudson Yards, Manhattan on February 27, 2024.
• Marx Development Group borrowed $18.6 million from Tel Aviv Stock Exchange bondholders for N/A 61st Avenue, Little Neck, Queens on November 21, 2023.
• Marx Development Group borrowed $32 million from Bankwell Bank for 33-23 Union Street, Flushing, Queens on October 31, 2022.
• Marx Development Group sold 660 Louisiana Avenue, East New York, Brooklyn for $40.4 million to Benjamin Landa on July 25, 2022.
• Marx Development Group borrowed $195 million from Rialto Capital for 461-469 West 34th Street, Hudson Yards, Manhattan on May 12, 2022.
• Marx Development Group for David Marx filed plans for new building for 103,782 sqft in Little Neck, Queens, on January 24, 2022.
• Marx Development Group borrowed $42.8 million from Fundamental Advisors for 112-24 Astoria Boulevard, North Corona, Queens on October 18, 2021.
Latest Stories:
• Marx Development signs non-binding MOU to sell Flushing nursing home for $75M (January 10, 2025)
• Seavest pays $53.8M to Marx Development for office building in Homecrest (June 09, 2021)
Court Records:
Properties: