Marx Development Group
People:
Marx Development Group NYC portfolio
$575.4 million -hotel 46%, elevator 19%, development 19%; Manhattan 55%, Queens 33%, Brooklyn 10%*
378th largest portfolio by dollar value
1,234,485 sqft – elevator 46%, hotel 24%, specialty 22%; Queens 50%, Manhattan 39%, Brooklyn 9%
396th largest by SF
13 properties – Queens 98%, Manhattan 1%
757th largest
479 residential units – Queens 100%
586th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Seller company: 1 for $75 million
Borrower company: 4 for $210.5 million
Developer (new building or major alteration): 1 for 152,223 square feet
Top Ten Associated Companies:
Tel Aviv Stock Exchange bondholders (5), Mack Real Estate Group (4), Capital Funding Group (2), Madison Realty Capital (2), Rialto Capital (1), Seavest Investment Group (1), Wells Fargo (1), Joel Leifer (1), Bankwell Bank (1), Boulevard Alp Associates, Llc (1)
Top Ten Associated People:
Hillel Lazarus (3), Jennifer Loucks (2), Sorana Georgescu (1), Jonathan L. Winer (1), Marissa Sprick (1), Joel Leifer (1), Konstantin Grinberg (1), Urian Yap (1), Benjamin Landa (1)
Recent activity as company:
• Marx Development Group borrowed $9.3 million from Tel Aviv Stock Exchange bondholders for 71-61 159 Street on March 17, 2026.
• Marx Development Group for David Marx filed plans for major alteration for 152,223 sqft in Flushing, Queens, on March 13, 2026.
• Marx Development Group sold 33-29 Union Street for $75 million to Joel Leifer on February 27, 2026.
• Marx Development Group borrowed $105.6 million from Tel Aviv Stock Exchange bondholders for 71-12 Park Avenue on January 07, 2026.
• Marx Development Group borrowed $76.8 million from Tel Aviv Stock Exchange bondholders for 71-61 159 Street on March 21, 2025.
• Marx Development Group borrowed $18.8 million from Wells Fargo for 132-54 Pople Avenue on July 26, 2024.
• Marx Development Group borrowed $28.6 million from Tel Aviv Stock Exchange bondholders for 61 avenue on April 11, 2024.
• Marx Development Group borrowed $44.2 million from Madison Realty Capital for 450 11 Avenue on February 23, 2024.
• Marx Development Group borrowed $88.8 million from Madison Realty Capital for 450 11 Avenue on February 23, 2024.
• Marx Development Group borrowed $18.6 million from Tel Aviv Stock Exchange bondholders for 61 avenue on November 06, 2023.
Latest Stories:
• Joel Leifer pays $75M to Marx Development Group for nursing home in Flushing (March 06, 2026)
• Marx Development signs $105.6M refi at TASE for dev site in Flushing (January 30, 2026)
• Marx Development signs $76.8M refi through TASE in Flushing, East New York (April 04, 2025)
• Marx Development signs non-binding MOU to sell Flushing nursing home for $75M (January 10, 2025)
Court Records:
Properties: