Tom Vellis
Chief Investment / Financial Officer
Marx Development Group
Marx Development Group NYC portfolio
$322.7 million -elevator 35%, development 34%, specialty 21%; Queens 60%, Manhattan 20%, Brooklyn 19%*
740th largest portfolio by dollar value
1,234,485 sqft – elevator 46%, hotel 24%, specialty 22%; Queens 50%, Manhattan 39%, Brooklyn 9%
437th largest by SF
13 properties – Queens 98%, Manhattan 1%
850th largest
479 residential units – Queens 100%
667th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
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