Michael Levy
Silverstein Properties
Silverstein Properties|Ingraham Realty Properties|Silverstein Properties|Metro Loft Management|Steven Levy|Michael Levy|Ina Lane|Alan Collin|Steven Levy|Michael Levy|Alan Collin|Ina Lane|Silverstein Capital Partners|44-01 Northern Owner, LLC portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$4.9 billion – office 86.0%, condo 7.0%; Manhattan 99.0%, Bronx 0.0%
10th largest portfolio by dollar value
15,244,388 sqft – office 79.0%, condo 12.0%;
16th largest by SF
161 properties – Brooklyn 81%, Manhattan 16%
35th largest
1,815 residential units – Manhattan 80.0%, Queens 19.0%
113th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $172.5 million
Seller signatory: 2 for $110.3 million
Borrower signatory: 2 for $385 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Banco Inbursa (2), City Parking (1), A. Duie Pyle (1), Avery Singer (1), Namdar Realty Group (1), Empire Capital Holdings (1), Rudin Management (1), Kai Nam Ng (1), JPMorgan Chase (1), Xi Ping Xia (1)
Top Ten Associated People:
Bruce Bendell (2), Rafael Llopiz (1), Jennifer D. Britt (1), Peter A. Latta (1), Avery Singer (1), Matthew K. Scheriff (1), Abraham Khalili (1), Andrew Migdon (1), Enrique Morelos-Zaragoza Borbolla (1), Kai Nam Ng (1)
Recent activity as signatory:
• Steven Levyand Michael Levyand Alan Collinand Ina Lane sold 134 Ingraham Street, East Williamsburg, Brooklyn for $2.7 million to Kai Nam Ng on September 06, 2023.
• Silverstein Propertiesand Metro Loft Management borrowed $220 million from Banco Inbursa for 55 Broad Street, Financial District, Manhattan on August 04, 2023.
• Rudin Management sold 55 Broad Street, Financial District, Manhattan for $172.5 million to Silverstein Propertiesand Metro Loft Management on August 04, 2023.
• Silverstein Properties sold 529 5th Avenue, Grand Central, Manhattan for $107.6 million to Namdar Realty Groupand Empire Capital Holdings on June 26, 2023.
• Silverstein Properties borrowed $165 million from Banco Inbursa for 44-01 Northern Boulevard, Astoria, Queens on February 22, 2023.
• Ingraham Realty Properties sold 233 Banker Street, Greenpoint, Brooklyn for $8.1 million to Avery Singer on November 22, 2022.
• Steven Levyand Michael Levyand Ina Laneand Alan Collin sold 58-17 49th Place, Maspeth, Queens for $4.4 million to A. Duie Pyle on August 10, 2022.
• Wildflower Ltd.and Meadow Partners borrowed $260 million from Silverstein Capital Partners for 35-15 19th Avenue, Ditmars Steinway, Queens on February 24, 2022.
• Silverstein Properties sold 30 Park Place, Financial District, Manhattan for $2 million to City Parking on January 13, 2022.
• Bendell Family sold 44-01 Northern Boulevard, 34-20 45th Street, and 44-33 Northern Boulevard, Astoria, Queens for $39.8 million to Silverstein Properties on December 02, 2021.
Latest Stories:
• Namdar, partners sign $111.2M loan for Fifth Avenue office properties September 28, 2023
• Kai Nam Ng pays $2.7M for industrial in East Williamsburg September 07, 2023
• Namdar, Empire Capital pay $107.6M to Silverstein for office in Grand Central June 27, 2023
• Logistics company A. Duie Pyle pays $4.4M to expand holdings on block in Maspeth August 11, 2022
• Silverstein Properties pays $39.8M to Major World owner for Astoria dev parcels December 03, 2021