Laurence Ginsberg
(Laurence T. Ginsberg)
Algin Management
Owner
183 Madison Avenue, Suite 1602 New York, NY 10016
Algin Management NYC portfolio
$1.1 billion -elevator 82%, mixed-use 6%, walkup 5%; Manhattan 93%, Brooklyn 6%*
217th largest portfolio by dollar value
2,382,282 sqft – elevator 80%, mixed-use 10%, condo 4%; Manhattan 89%, Brooklyn 10%
198th largest by SF
20 properties – Manhattan 95%, Brooklyn 4%
501th largest
2,117 residential units – Manhattan 100%
153th largest by residential units
Person Activity past 24 months:
Seller signatory: 3 for $46.5 million
Borrower signatory: 1 for $325 million
Top Ten Associated Companies:
Benedict Realty Group (3), New York Life Insurance Company (2)
Top Ten Associated People:
Daniel Benedict (3), Delilah Iovino (1)
Recent activity as signatory:
• Algin Management borrowed $325 million from New York Life Insurance Company for 741 Broadway on June 10, 2025.
• Algin Management sold 40-40 79 Street for $18 million to Benedict Realty Group on October 23, 2024.
• Algin Management sold 34-44 77 Street for $13.5 million to Benedict Realty Group on October 23, 2024.
• Algin Management sold 94-02 56 Avenue for $15 million to Benedict Realty Group on October 23, 2024.
• Algin Management borrowed $145.6 million from New York Life Insurance Company for 241 West 52 Street on December 02, 2021.
• Laurence Ginsberg filed plans for new building for 452,896 sqft in Midtown West, Manhattan, on June 09, 2014.