Solil Management

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Solil Management NYC portfolio

$5 billion* – elevator 26.0%, mixed-use 16.0%; Manhattan 81.0%, Queens 10.0%

27th largest portfolio by dollar value

8,866,618 sqft – elevator 36%, office 23%;

24th largest by SF

256 properties – Manhattan 70%, Queens 15%

13th largest

4,301 residential units – Manhattan 95%, Brooklyn 4%

38th largest by residential units

0 foreclosures, 0 bankruptcies, 10 other court cases.

Company Activity past 24 months:

Seller company: 2 for $283.1 million

Borrower company: 1 for $18 million

Top Ten Associated People:

Gary Barnett (1), Tyler Morse (1), Matthe D. Melick (1), Christiane M. Stoffer (1), Al Laboz (1)

Recent activity as company:

Solil Management sold 37 East 60th Street, 39 East 60th Street, and 35 East 60th Street, Lenox Hill, Manhattan for $103.3 million to Extell Development on March 11, 2025.

Solil Management sold 2 Lexington Avenue, Gramercy, Manhattan for $179.8 million to MCR Hotels on August 23, 2023.

Solil Management borrowed $18 million from State Farm Realty Mortgage for 598 Madison Avenue, Midtown East, Manhattan on June 06, 2023.

York Terrace, Inc. borrowed $30 million from CGA Capital for 1533 York Avenue and 1511 York Avenue, Yorkville, Manhattan on March 09, 2022.

Solil Management sold 455 Fulton Street, Brooklyn Heights, Brooklyn for $5.7 million to United American Land on September 10, 2020.

Solil Management for David Malanga filed plans for new building for 51,430 sqft in Chelsea, Manhattan, on April 15, 2020.

Solil Management sold 223 West 46th Street, Times Square, Manhattan for $25.2 million to McSam Hotel Group on October 17, 2019.

Solil Management for Jane Goldman filed plans for new building for 54,534 sqft in Financial District, Manhattan, on August 02, 2016.

Latest Stories:

• Extell pays $103.3M to Goldmans for buildings adjacent to Lenox Hill development parcel (March 12, 2025)

• Namdar, Klosed acquire $10.4M Nightingale office ground lease in Grand Central, in lieu of foreclosure (November 08, 2024)

• Highly litigated Turtle Bay rental with $32M loan to be sold through bankruptcy (February 08, 2024)

• Namdar, Klosed file $30M pre-foreclosure at Nightingale Grand Central office building (November 20, 2023)

• Namdar, Klosed buy $30M note secured by Nightingale Properties office building in Grand Central (September 07, 2023)

• MCR Hotels signs $179.8M ground lease with Solil Management for former Gramercy Park Hotel (August 24, 2023)

• Solil Management signs $18M refi for office in Midtown East, debt down by $12M (June 07, 2023)

• McSam Hotel Group signs $35M refi with State Bank of Texas for new Marriott hotel in Times Square (February 20, 2023)

• McSam Hotel signs $15M construction loan with Silver Point for hotel in Times Square (June 18, 2021)

• $75M note on RFR’s Gramercy Park Hotel sold (January 25, 2021)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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