Brian Shatz
Madison Realty Capital
520 Madison Ave Suite 3501New York, NY 10022
Madison Realty Capital|S3 Capital|Madison Realty Capital|Apollo Global Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$448.9 million – elevator 52.0%, walkup 21.0%; Manhattan 50.0%, Brooklyn 26.0%
139th largest portfolio by dollar value
3,118,678 sqft – elevator 65.0%, walkup 11.0%;
99th largest by SF
73 properties – Manhattan 54%, Brooklyn 32%
85th largest
3,207 residential units – Brooklyn 39.0%, Manhattan 32.0%
52th largest by residential units
7 foreclosures, 4 bankruptcies, 6 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 2 for $14.8 million
Borrower signatory: 3 for $227.7 million
Lender signatory: 1 for $109.8 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Forkosh Development Group (1), Optimum Asset Management (1), JDS Development Group (1), Zhongyin Lyu (1), Jianfei Chen (1), Mendel Fleischman (1), G4 Capital Partners (1), JSAF Capital (1), Cornell Realty Management bankrupt (1), Maxim Capital Group (1)
Top Ten Associated People:
Alexander Forkosh (1), Matthew Barry (1), Michael Stern (1), Zhongyin Lyu (1), Mendel Fleischman (1), Jason Behfarin (1), Joseph Safdie (1), David Goldwasser (1), Eric Chan (1), Robert Riggs (1)
Recent activity as signatory:
• Madison Realty Capital borrowed $8.5 million from Community Preservation Corporation for 3052 Brighton 1st Street, Brighton Beach, Brooklyn on February 09, 2024.
• Madison Realty Capital borrowed $179.2 million from Elliott Investment Management for 65 Dupont Street and 75 Dupont Street, Greenpoint, Brooklyn on January 04, 2024.
• Madison Realty Capital sold 364 Bay Street, Tompkinsville, Staten Island for $6.8 million to Paradigm Management on December 22, 2023.
• Five Points Development borrowed $109.8 million from Madison Realty Capital for 262 5th Avenue, NoMad, Manhattan on November 13, 2023.
• Bruman Realty borrowed $57.5 million from Deutsche Bank for 296 Wythe, Williamsburg, Brooklyn on October 10, 2023.
• Madison Realty Capital borrowed $40 million from Maxim Capital Group for 65 Dupont Street and 75 Dupont Street, Greenpoint, Brooklyn on July 31, 2023.
• Madison Realty Capital sold 323 Court Street and 321 Court Street, Carroll Gardens, Brooklyn for $8.1 million to JSAF Capital on February 06, 2023.
• Madison Realty Capital borrowed $105 million from G4 Capital Partners for 14 5th Avenue, Greenwich Village, Manhattan on January 09, 2023.
• Madison Realty Capital sold 285 Graham Avenue, Williamsburg, Brooklyn for $5.5 million to Mendel Fleischman on January 05, 2023.
• Cornell Realty Management bankrupt sold 159 Broadway and N/A Broadway, Williamsburg, Brooklyn for $32 million to Madison Realty Capital on November 23, 2022.