David Speiser
Senior Managing Director
General Counsel
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:
Buyer signatory: 1 for $70 million
Seller signatory: 5 for $134.8 million
Borrower signatory: 3 for $309.4 million
Lender signatory: 4 for $1.2 billion
Top Ten Associated Companies:
Charney Companies (2), NYC School Construction Authority (1), Quadrum Global (1), Sela Group (1), Metro Loft Management (1), David Werner Real Estate Investments (1), Tavros Capital (1), Incoco Capital (1), Phi 1.618, Inc. (1), Extended Management (1)
Top Ten Associated People:
Tina Isselbacher (1), Nina Kubota (1), Anoop Rustgi (1), Amir Setayesh (1), Gal Sela (1), Nathan Berman (1), Nicholas Silvers (1), Efrem J. Kamen (1), Jason Kimmel (1), Dmitriy Ishimbayev (1)
Recent activity as signatory:
• Madison Realty Capital sold 350 Hicks Street for $33.2 million to Sunlight Development on February 18, 2026.
• Joyland Management borrowed $30 million from Levon Capital for 155 Broadway on January 21, 2026.
• Madison Realty Capital sold 155 Broadway for $30 million to Joyland Management on January 21, 2026.
• RJ Capital Holdings borrowed $90 million from Madison Realty Capital for 113-16 70 Road on December 19, 2025.
• Madison Realty Capital borrowed $179.2 million from TPG Angelo Gordon for 24 Clay Street on November 25, 2025.
• Madison Realty Capital sold 41-80 Main Street for $64.2 million to United Construction & Development Group on November 18, 2025.
• Hawkins Way Capital and Varde Partners borrowed $166.5 million from Goldman Sachs and Wells Fargo for 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, 525 Lexington Avenue, and others, Midtown East, Manhattan on November 14, 2025.
• Madison Realty Capital sold 392 Clinton Avenue for $4.7 million to Arthur Gabriel on October 10, 2025.
• Hello Living sold 2902 Albemarle Road for $70 million to Madison Realty Capital on October 06, 2025.
• Madison Realty Capital borrowed $25.2 million from Northeast Bank for 2902 Albemarle Road on October 06, 2025.