Martin Nussbaum

Founding Partner

Slate Property Group

440 Park Avenue South 3rd Floor New York, NY 10016

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Slate Property Group NYC portfolio

$3 billion* – elevator 49%, hotel 13%, N2 10%; Manhattan 58%, Brooklyn 20%, Queens 17%

51th largest portfolio by dollar value

3,554,404 sqft – elevator 69%, hotel 12%, walkup 8%;

78th largest by SF

69 properties – Manhattan 46%, Brooklyn 31%, Bronx 12%

116th largest

3,561 residential units – Manhattan 50%, Brooklyn 27%, Queens 18%

48th largest by residential units

0 foreclosures, 0 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Seller signatory: 1 for $16.5 million

Borrower signatory: 1 for $97 million

Lender signatory: 1 for $70 million

Developer (new building or major alteration): 36 for 205,446 square feet

Top Ten Associated Companies:

Dime Community Bank (4), Yitzchok Katz (3), Signature Bank (3), Zev Feldstein (3), AEW Capital Management (2), Hershy Silberstein (1), Apollo Global Management (1), Sharon Pearson (1), Anthony J. Dimaso (1), Watermark Capital Group (1)

Top Ten Associated People:

Yitzchok Katz (3), David Ornstein (3), Anthony Crooks (2), Hershy Silberstein (1), Jeffrey Horowitz (1), Sharon Pearson (1), Michael J. Rietbrock (1), Anthony J. Dimaso (1), Wolfe Landau (1), Joseph S. Caruso (1)

Recent activity as signatory:

• Slate Property Group sold 224 3rd Avenue, Gowanus, Brooklyn for $16.5 million to Hershy Silberstein on January 29, 2025.

• Watermark Capital Group borrowed $70 million from Slate Property Group for 41-02 Crescent Street, Long Island City, Queens on November 26, 2024.

• Slate Property Group borrowed $97 million from Apollo Global Management for 105-02 Queens Boulevard, Forest Hills, Queens on February 29, 2024.

• Slate Property Group borrowed $38.8 million from Cerco Funding for 118 West 13th Street, Greenwich Village, Manhattan on April 19, 2023.

• Yitzchok Katz borrowed $54.6 million from Slate Property Group for 570 Fulton Street, Fort Greene, Brooklyn on February 02, 2023.

• Slate Property Group borrowed $55.5 million from White Oak Financial for 159 Boerum Street, Williamsburg, Brooklyn on December 29, 2022.

• SB Development Group borrowed $61.7 million from Northwind Group for 41-05 29th Street, Long Island City, Queens on November 30, 2022.

• Slate Property Group borrowed $9.1 million from Valley National Bank for 224 3rd Avenue, Gowanus, Brooklyn on November 08, 2022.

• Anthony J. Dimaso sold 224 3rd Avenue, Gowanus, Brooklyn for $12 million to Slate Property Group on November 08, 2022.

• Slate Property Group borrowed $51.6 million from Slate Asset Management for 301 West 22nd Street, 300 West 21st Street, and 229 West 20th Street, Chelsea, Manhattan on July 11, 2022.