Slate Property Group
440 Park Avenue South 3rd Floor New York, NY 10016
People:
Slate Property Group NYC portfolio
$3 billion* – elevator 49.0%, hotel 13.0%; Manhattan 58.0%, Brooklyn 20.0%
52th largest portfolio by dollar value
3,566,411 sqft – elevator 68.0%, hotel 11.0%;
78th largest by SF
77 properties – Manhattan 46%, Brooklyn 31%
118th largest
3,561 residential units – Manhattan 50.0%, Brooklyn 27.0%
44th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Company Activity past 24 months:
Buyer company: 6 for $366 million
Seller company: 4 for $53.9 million
Borrower company: 12 for $1 billion
Lender company: 9 for $783.4 million
Developer (new building or major alteration): 2 for 101,143 square feet
Top Ten Associated Companies:
Signature Bank (7), Dime Community Bank (4), NYC Housing Development Corporation (3), Beitel Group (3), Zev Feldstein (3), Apollo Global Management (2), McSam Hotel Group (2), HUBB NYC (2), KD Sagamore Capital (2), Loketch Group (2)
Top Ten Associated People:
Ben Beitel (3), David Ornstein (3), Jeffrey Horowitz (2), Lauren Connors (2), Kenneth A. Stagnari (2), Pinchos Loketch (2), Debra Mistretta (2), Anthony Crooks (2), Sophia Zhang (2), Richard Nightingale (2)
Recent activity as company:
• Moshe Braver borrowed $155 million from Arbor Realty Group for 147-35 95th Avenue, Jamaica, Queens on March 13, 2025.
• Slate Property Group sold 224 3rd Avenue, Gowanus, Brooklyn for $16.5 million to Hershy Silberstein on February 28, 2025.
• Rabsky Group borrowed $108 million from Madison Realty Capital for 240 Willoughby Street, Fort Greene, Brooklyn on February 26, 2025.
• Slate Property Group sold 2134 Coyle Street, Sheepshead Bay, Brooklyn for $22.4 million to Westhab on January 06, 2025.
• Slate Property Group borrowed $69.5 million from Citibank for 52 William Street, Financial District, Manhattan on December 23, 2024.
• McSam Hotel Group and Andrew Rufail sold 52 William Street, Financial District, Manhattan for $94.5 million to Slate Property Group on December 23, 2024.
• Slate Property Group sold 2114 Coyle Street, Sheepshead Bay, Brooklyn for $3 million to Raymond Zeitouny on December 16, 2024.
• Watermark Capital Group borrowed $70 million from Slate Property Group for 41-02 Crescent Street, Long Island City, Queens on December 04, 2024.
• Beitel Group borrowed $112.9 million from Slate Property Group for 315 Grand Concourse, 270 Walton Avenue, and 261 Grand Concourse, Mott Haven, Bronx on October 02, 2024.
• Slate Property Group borrowed $209.8 million from JPMorgan Chase for 141 West 144th Street, 427 West 52nd Street, 399 3rd Avenue, 360 East 193rd Street, 2342 Washington Avenue, and others, Harlem, Manhattan on August 14, 2024.
Latest Stories:
• Hershy Silberstein pays $16.5M to Slate for dev site in Gowanus (March 03, 2025)
• Slate pays $94.5M for FiDi hotel Sam Chang bought in 2017 for $93.5M (December 24, 2024)
• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 2024)
• Joyland, Loketch sign $150M refi with TPG for 270-unit project in Williamsburg (August 01, 2024)
• Slate Property Group pays $24.4M for properties in Sheepshead Bay (June 05, 2024)
• Co-living firm Common Living files for liquidation bankruptcy (June 03, 2024)
Court Records:
Properties: