Martin Nussbaum
Founding Partner
Slate Property Group
440 Park Avenue South 3rd Floor New York, NY 10016
Slate Property Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$864.7 million – elevator 67.0%, hotel 11.0%; Manhattan 70.0%, Brooklyn 14.0%
66th largest portfolio by dollar value
3,523,573 sqft – elevator 68.0%, hotel 12.0%;
77th largest by SF
77 properties – Manhattan 45%, Brooklyn 32%
83th largest
3,496 residential units – Manhattan 49.0%, Brooklyn 28.0%
45th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $135.8 million
Lender signatory: 2 for $124.7 million
Developer (new building or major alteration): 5 for 213,946 square feet
Top Ten Associated Companies:
Dime Community Bank (4), Yitzchok Katz (3), Zev Feldstein (3), Signature Bank (3), AEW Capital Management (2), JLL (1), Levy Group (1), Westhab (1), White Oak Financial (1), Slate Asset Management (1)
Top Ten Associated People:
Yitzchok Katz (3), David Ornstein (3), Anthony Crooks (2), Lior Levy (1), Richard Nightingale (1), Eric Tanjeloff (1), Michael Quinn (1), Anthony J. Dimaso (1), Michael Bodnev (1), Jeffrey Horowitz (1)
Recent activity as signatory:
• Watermark Capital Group borrowed $70 million from Slate Property Group for 41-02 Crescent Street, Long Island City, Queens on December 04, 2024.
• Slate Property Group borrowed $97 million from Apollo Global Management for 105-02 Queens Boulevard, Forest Hills, Queens on March 01, 2024.
• Martin Nussbaum filed plans for major alteration for 91,165 sqft in Lenox Hill, Manhattan, on January 30, 2024.
• Martin Nussbaum filed plans for major alteration for 57,997 sqft in Turtle Bay, Manhattan, on January 30, 2024.
• Martin Nussbaum filed plans for major alteration for 20,746 sqft in Upper West Side, Manhattan, on November 16, 2023.
• Martin Nussbaum filed plans for major alteration for 35,538 sqft in Chelsea, Manhattan, on June 09, 2023.
• Slate Property Group borrowed $38.8 million from Cerco Funding for 118 West 13th Street, Greenwich Village, Manhattan on April 26, 2023.
• Martin Nussbaum filed plans for Full Demolition for 8,500 sqft in Gowanus, Brooklyn, on April 20, 2023.
• Yitzchok Katz borrowed $54.6 million from Slate Property Group for 570 Fulton Street, Fort Greene, Brooklyn on February 15, 2023.
• Slate Property Group borrowed $55.5 million from White Oak Financial for 159 Boerum Street, Williamsburg, Brooklyn on January 09, 2023.
Latest Stories:
• Slate signs $97M refi with Apollo for 137-unit rental in Forest Hills March 04, 2024
• Watermark Capital signs $15M ground lease for LIC dev site December 29, 2023
• Slate Property Group signs $85M refi with PCCP for 186-unit LIC rental June 20, 2023
• Yitzchok Katz ups units by 51 at Williamsburg development, for total of 185 March 22, 2023