David Marx
(David E. Marx)
Owner / Chief Executive Officer
Marx Development Group
Developer, Owner
Atria Builders
Marx Development Group NYC portfolio
$322.7 million -elevator 35%, development 34%, specialty 21%; Queens 60%, Manhattan 20%, Brooklyn 19%*
674th largest portfolio by dollar value
1,234,485 sqft – elevator 46%, hotel 24%, specialty 22%; Queens 50%, Manhattan 39%, Brooklyn 9%
412th largest by SF
13 properties – Queens 98%, Manhattan 1%
800th largest
479 residential units – Queens 100%
603th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Other Links:
Person Activity past 24 months:
Seller signatory: 1 for $75 million
Borrower signatory: 4 for $196.7 million
Developer (new building or major alteration): 3 for 152,223 square feet
Top Ten Associated Companies:
Tel Aviv Stock Exchange bondholders (5), Madison Realty Capital (2), Capital Funding Group (2), Wells Fargo (1), Joel Leifer (1), Mack Real Estate Group (1), Bankwell Bank (1), Fundamental Advisors (1), Benjamin Landa (1), Rialto Capital (1)
Top Ten Associated People:
Hillel Lazarus (3), Jennifer Loucks (2), Marissa Sprick (1), Joel Leifer (1), Konstantin Grinberg (1), Urian Yap (1), Benjamin Landa (1), Sorana Georgescu (1), Jonathan L. Winer (1)
Recent activity as signatory:
• 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.
• 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 $88.8 million from Madison Realty Capital for 450 11 Avenue on February 23, 2024.
• Marx Development Group borrowed $44.2 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.
• Marx Development Group borrowed $32 million from Bankwell Bank for 33-29 Union Street on October 19, 2022.
• Marx Development Group sold 660 Louisiana Avenue for $40.4 million to Benjamin Landa on June 30, 2022.
• Marx Development Group borrowed $195 million from Rialto Capital for 436 10 Avenue on April 28, 2022.
• David Marx filed plans for new building for 103,782 sqft in Little Neck, Queens, on January 24, 2022.
• Marx Development Group borrowed $42.8 million from Fundamental Advisors for 112-12 Astoria Boulevard on October 05, 2021.
• Marx Development Group sold 1713 East 9 Street for $53.8 million to Seavest Investment Group on May 26, 2021.
• Marx Development Group borrowed $46.4 million from Capital Funding Group for 636 Louisiana Avenue on March 11, 2021.
• Marx Development Group borrowed $51.5 million from Capital Funding Group for 71-61 159 Street on March 11, 2021.
• Marx Development Group borrowed $9.2 million from Mack Real Estate Group for 450 11 Avenue on February 25, 2020.
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)