Martin Nussbaum
Founding Partner
Slate Property Group
440 Park Avenue South 3rd Floor New York, NY 10016
Slate Property Group portfolio
$864.7 million* – elevator 67.0%, hotel 11.0%; Manhattan 70.0%, Brooklyn 14.0%
69th largest portfolio by dollar value
3,523,573 sqft – elevator 68.0%, hotel 12.0%;
81th largest by SF
77 properties – Manhattan 45%, Brooklyn 32%
122th largest
3,496 residential units – Manhattan 49.0%, Brooklyn 28.0%
50th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Borrower signatory: 2 for $135.8 million
Lender signatory: 2 for $124.7 million
Developer (new building or major alteration): 52.0 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 company:
• 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.
• Slate Property Group borrowed $38.8 million from Cerco Funding for 118 West 13th Street, Greenwich Village, Manhattan on April 26, 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.
• SB Development Group borrowed $61.7 million from Northwind Group for 41-05 29th Street, Long Island City, Queens on December 13, 2022.
• Slate Property Group borrowed $9.1 million from Valley National Bank for 224 3rd Avenue, Gowanus, Brooklyn on November 10, 2022.
• Anthony J. Dimaso sold 224 3rd Avenue, Gowanus, Brooklyn for $12 million to Slate Property Group on November 10, 2022.
• Slate Property Group borrowed $51.6 million from Slate Asset Management for 301 West 22nd Street, 300 West 21st Street, and 229 West 20th Street, Chelsea, Manhattan on August 18, 2022.
• Slate Property Group sold 92-54 Queens Boulevard, Rego Park, Queens for $13.2 million to Westhab on August 12, 2022.
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)