David Marx

Marx Development Group

Developer, Owner

Atria Builders

Marx Development Group NYC portfolio

$808.4 million* – hotel 39%, specialty 25%, development 17%; Queens 53%, Manhattan 39%, Brooklyn 7%

204th largest portfolio by dollar value

1,380,527 sqft – elevator 41%, specialty 31%, hotel 22%;

244th largest by SF

14 properties – Queens 98%, Manhattan 1%

602th largest

479 residential units – Queens 100%

463th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Borrower signatory: 6 for $275.8 million

Developer (new building or major alteration): 6 for 0 square feet

Top Ten Associated Companies:

Tel Aviv Stock Exchange bondholders (3), Madison Realty Capital (2), Capital Funding Group (2), Seavest Investment Group (1), Wells Fargo (1), Mack Real Estate Group (1), Benjamin Landa (1), Rialto Capital (1)

Top Ten Associated People:

Hillel Lazarus (2), Jennifer Loucks (2), Jonathan L. Winer (1), Marissa Sprick (1), Urian Yap (1), Benjamin Landa (1), Sorana Georgescu (1)

Recent activity as signatory:

• Marx Development Group borrowed $76.8 million from Tel Aviv Stock Exchange bondholders for 71-61 159th Street and 636 Louisiana Avenue, Flushing, Queens on April 03, 2025.

• Marx Development Group borrowed $18.8 million from Wells Fargo for 132-54 Pople Avenue, 42-34 Saull Street, 158-13 72nd Avenue, 158-13 72nd Avenue, 158-13 72nd Avenue, and others, Flushing, Queens on July 30, 2024.

• Marx Development Group borrowed $28.6 million from Tel Aviv Stock Exchange bondholders for N/A 61st Avenue, Little Neck, Queens on April 16, 2024.

• Marx Development Group borrowed $44.2 million from Madison Realty Capital for 450 11th Avenue, Hudson Yards, Manhattan on March 06, 2024.

• Marx Development Group borrowed $88.8 million from Madison Realty Capital for 450 11th Avenue, Hudson Yards, Manhattan on February 27, 2024.

• Marx Development Group borrowed $18.6 million from Tel Aviv Stock Exchange bondholders for N/A 61st Avenue, Little Neck, Queens on November 21, 2023.

• Marx Development Group sold 660 Louisiana Avenue, East New York, Brooklyn for $40.4 million to Benjamin Landa on July 25, 2022.

• Marx Development Group borrowed $195 million from Rialto Capital for 461-469 West 34th Street, Hudson Yards, Manhattan on May 12, 2022.

• David Marx filed plans for new building for 103,782 sqft in Little Neck, Queens, on January 24, 2022.

• Marx Development Group sold 902 Quentin Road and 902 Quentin Road, Homecrest, Brooklyn for $53.8 million to Seavest Investment Group on June 08, 2021.