Brian Shatz
Managing Principal
Co-Founder
Madison Realty Capital
(Silverstone Property Group)
520 Madison Ave Suite 3501New York, NY 10022
Madison Realty Capital NYC portfolio
$1.5 billion -elevator 59%, walkup 15%, development 8%; Manhattan 53%, Brooklyn 26%, Queens 20%*
143th largest portfolio by dollar value
2,642,128 sqft – elevator 68%, walkup 11%, condo 10%; Queens 42%, Manhattan 30%, Brooklyn 26%
179th largest by SF
62 properties – Manhattan 55%, Brooklyn 32%, Queens 12%
134th largest
2,841 residential units – Brooklyn 36%, Manhattan 31%, Queens 31%
103th largest by residential units
41 foreclosures, 4 bankruptcies, 7 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $12 million
Borrower signatory: 1 for $0
Top Ten Associated Companies:
JDS Development Group (1), Zhongyin Lyu (1), Jianfei Chen (1), Khaloyan Kapital (1), ENGE Financing (1), Cornell Realty Management bankrupt (1), Marina Koustis (1), Paradigm Management (1), ConnectOne Bank (1), Community Preservation Corporation (1)
Top Ten Associated People:
Michael Stern (1), Zhongyin Lyu (1), Edward J. Bullard Jr. (1), David Goldwasser (1), Marina Koustis (1), Robert Riggs (1), David Glanzman (1), Joseph Safdie (1), Gal Sela (1), Jason Behfarin (1)
Recent activity as signatory:
• ENGE Financing on July 31, 2025 bought a loan with an original principal of $17.8 million from Flagstar Bank, signed by Mitchel Baffa, secured by 609 4 Street, when owned by Madison Realty Capital.
• Madison Realty Capital and Dror Rosenfeld sold 19 Bleecker Street for $12 million to Khaloyan Kapital on July 01, 2025.
• Madison Realty Capital borrowed $8.5 million from Community Preservation Corporation for 3062 Brighton 1 Street on January 12, 2024.
• Madison Realty Capital borrowed $179.2 million from Elliott Investment Management for 8 Clay Street on December 19, 2023.
• Madison Realty Capital sold 364 Bay Street for $6.8 million to Paradigm Management on November 07, 2023.
• Five Points Development borrowed $109.8 million from Madison Realty Capital for 262 5 Avenue on October 31, 2023.
• Bruman Realty borrowed $57.5 million from Deutsche Bank for 75 Grand Street on September 27, 2023.
• Madison Realty Capital borrowed $40 million from Maxim Capital Group for 8 Clay Street on July 21, 2023.
• Madison Realty Capital sold 323 Court Street for $8.1 million to JSAF Capital on January 20, 2023.
• Madison Realty Capital sold 285 Graham Avenue for $5.5 million to Mendel Fleischman on December 29, 2022.
Latest Stories:
• Joseph Brunner signs $52M refi with PGIM for 55-unit rental in Williamsburg (November 12, 2025)
• Khaloyan Kapital pays $12M to Madison Realty, partner, for 11-unit walkup in NoHo (July 17, 2025)
• Cottonwood Group buys $89.8M note secured by Boris Kuzinez NoMad condo project (July 01, 2025)
• $76M pre-foreclosure filed at Madison Realty portfolio with rent-regulated units (March 03, 2025)