Laurence Ginsberg
(Laurence T. Ginsberg)
Algin Management
Owner
183 Madison Avenue, Suite 1602 New York, NY 10016
Algin Management portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$335.9 million – elevator 71%, mixed-use 19%; Manhattan 80%, Brooklyn 19%
179th largest portfolio by dollar value
1,295,940 sqft – elevator 72%, mixed-use 20%;
257th largest by SF
16 properties – Manhattan 93%, Brooklyn 6%
141th largest
1,098 residential units – Manhattan 100%, Bronx 0%
204th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 3 for $46.5 million
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Benedict Realty Group (3), New York Life Insurance Company (1)
Top Ten Associated People:
Daniel Benedict (3)
Recent activity as signatory:
• Algin Management sold 34-44 77th Street, Jackson Heights, Queens for $13.5 million to Benedict Realty Group on November 13, 2024.
• Algin Management sold 40-40 79th Street, Elmhurst, Queens for $18 million to Benedict Realty Group on November 01, 2024.
• Algin Management sold 56-11 94th Street, Elmhurst, Queens for $15 million to Benedict Realty Group on November 01, 2024.
• Algin Management borrowed $145.6 million from New York Life Insurance Company for 242 West 53rd Street, Theater District/Times Square, Manhattan on December 23, 2021.
• Laurence Ginsberg filed plans for new building for 452,896 sqft in Midtown West, Manhattan, on June 09, 2014.