Michael Levy
Executive Vice President
Silverstein Properties
Silverstein Properties NYC portfolio
$4.4 billion* – office 76.0%, elevator 12.0%; Manhattan 94.0%, Queens 5.0%
37th largest portfolio by dollar value
15,244,388 sqft – office 79.0%, condo 12.0%;
16th largest by SF
161 properties – Brooklyn 81%, Manhattan 16%
41th largest
1,815 residential units – Manhattan 80.0%, Queens 19.0%
114th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $172.5 million
Seller signatory: 2 for $110.3 million
Borrower signatory: 2 for $234.2 million
Developer (new building or major alteration): 3 for 0 square feet
Top Ten Associated Companies:
Banco Inbursa (2), Kai Nam Ng (1), Namdar Realty Group (1), Empire Capital Holdings (1), A. Duie Pyle (1), Avery Singer (1), JPMorgan Chase (1), Bruce Bendell (1), Xi Ping Xia (1), Bank of America (1)
Top Ten Associated People:
Bruce Bendell (2), Kai Nam Ng (1), Matthew K. Scheriff (1), Abraham Khalili (1), Jennifer D. Britt (1), Peter A. Latta (1), Avery Singer (1), Enrique Morelos-Zaragoza Borbolla (1), Xi Ping Xia (1), Jessica Fritts (1)
Recent activity as signatory:
• Silverstein Properties borrowed $14.2 million from Bank of America for 533 11th Avenue, Hell’s Kitchen, Manhattan on January 28, 2025.
• Steven Levy, Michael Levy, Alan Collin and Ina Lane sold 134 Ingraham Street, East Williamsburg, Brooklyn for $2.7 million to Kai Nam Ng on September 06, 2023.
• Silverstein Properties and Metro Loft Management borrowed $220 million from Banco Inbursa for 55 Broad Street, Financial District, Manhattan on August 04, 2023.
• Rudin Management sold 55 Broad Street, Financial District, Manhattan for $172.5 million to Silverstein Properties and Metro Loft Management on August 04, 2023.
• Silverstein Properties sold 529 5th Avenue, Grand Central, Manhattan for $107.6 million to Namdar Realty Group and Empire Capital Holdings on June 26, 2023.
• Silverstein Properties borrowed $165 million from Banco Inbursa for 44-01 Northern Boulevard, Astoria, Queens on February 22, 2023.
• Ingraham Realty Properties sold 233 Banker Street, Greenpoint, Brooklyn for $8.1 million to Avery Singer on November 22, 2022.
• Steven Levy, Michael Levy, Ina Lane and Alan Collin sold 58-17 49th Place, Maspeth, Queens for $4.4 million to A. Duie Pyle on August 10, 2022.
• Wildflower Ltd. and Meadow Partners borrowed $260 million from Silverstein Capital Partners for 35-15 19th Avenue, Ditmars Steinway, Queens on February 24, 2022.
• Silverstein Properties sold 30 Park Place, Financial District, Manhattan for $2 million to City Parking on January 13, 2022.
Latest Stories:
• Namdar, partners sign $111.2M loan for Fifth Avenue office properties (September 28, 2023)
• Kai Nam Ng pays $2.7M for industrial in East Williamsburg (September 07, 2023)
• Namdar, Empire Capital pay $107.6M to Silverstein for office in Grand Central (June 27, 2023)
• Logistics company A. Duie Pyle pays $4.4M to expand holdings on block in Maspeth (August 11, 2022)