Michael Levy

Silverstein Properties

Silverstein Properties portfolio

$4.9 billion* – office 86.0%, condo 7.0%; Manhattan 99.0%, Bronx 0.0%

11th largest portfolio by dollar value

15,244,388 sqft – office 79.0%, condo 12.0%;

17th largest by SF

161 properties – Brooklyn 81%, Manhattan 16%

43th largest

1,815 residential units – Manhattan 80.0%, Queens 19.0%

121th 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: 3 for $399.2 million

Developer (new building or major alteration): 2.0 for 0 square feet

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 company:

Silverstein Properties borrowed $14.2 million from Bank of America for 533 11th Avenue, Hell’s Kitchen, Manhattan on January 28, 2025.

Steven Levy, Michael Levy, Alan Collin and Ina Lane sold 134 Ingraham Street, East Williamsburg, Brooklyn for $2.7 million to Kai Nam Ng on September 06, 2023.

Silverstein Properties and 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 Properties and Metro Loft Management on August 04, 2023.

Silverstein Properties sold 529 5th Avenue, Grand Central, Manhattan for $107.6 million to Namdar Realty Group and 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 Levy, Michael Levy, Ina Lane and 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.

Latest Stories:

• Silverstein Properties signs $14.2M refi with Bank of America for rental in Hell’s Kitchen (January 29, 2025)

• 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)

• Silverstein, Metro Loft pay $172.5M to Rudin for tower in FiDi, get $220M construction loan (August 10, 2023)

• Namdar, Empire Capital pay $107.6M to Silverstein for office in Grand Central (June 27, 2023)

• Silverstein Properties signs $165M new construction loan with Banco Inbursa for 354-unit project in Astoria (February 23, 2023)

• Artist pays $8.1M to Ingraham Realty for industrial in Greenpoint, part of users-as-buyers trend (November 23, 2022)

• Logistics company A. Duie Pyle pays $4.4M to expand holdings on block in Maspeth (August 11, 2022)

• Wildflower, Meadow Partners sign $260M first mortgage construction loan with Silverstein for Astoria studio (February 25, 2022)

• Silverstein Properties pays $39.8M to Major World owner for Astoria dev parcels (December 03, 2021)

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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