Marx Development Group
People:
Marx Development Group NYC portfolio
$322.7 million -elevator 35%, development 34%, specialty 21%; Queens 60%, Manhattan 20%, Brooklyn 19%*
686th largest portfolio by dollar value
1,234,485 sqft – elevator 46%, hotel 24%, specialty 22%; Queens 50%, Manhattan 39%, Brooklyn 9%
410th largest by SF
13 properties – Queens 98%, Manhattan 1%
807th largest
479 residential units – Queens 100%
623th 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: 5 for $215.5 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), Madison Realty Capital (2), Capital Funding Group (2), Axos Bank (1), Sterling National Bank (1), Fundamental Advisors (1), Benjamin Landa (1), Rialto Capital (1), Joel Leifer (1)
Top Ten Associated People:
Hillel Lazarus (3), Jennifer Loucks (2), Benjamin Landa (1), Sorana Georgescu (1), Joel Leifer (1), Jonathan L. Winer (1), Marissa Sprick (1), Konstantin Grinberg (1), Urian Yap (1)
Recent activity as company:
• Marx Development Group borrowed $5 million from Rialto Capital Management for 436 10 Avenue on June 22, 2026.
• 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.
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: