Urian Yap
Chief Financial Officer
Madison Realty Capital
(Silverstone Property Group)
Owner, Lender
Private Equity
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 $26.5 million
Seller signatory: 5 for $111.6 million
Borrower signatory: 3 for $152.9 million
Lender signatory: 4 for $793.7 million
Top Ten Associated Companies:
Rabsky Group (3), Madison Realty Capital (2), ConnectOne Bank (2), Witnick Real Estate Partners (1), Jacob Fulop (1), Emigrant Bank (1), Apollo Global Management (1), Solomon Feder (1), RFR Holding (1), Sam Sprei (1)
Top Ten Associated People:
Simon Dushinsky (2), Shimon Dushinsky (1), Isaac Abraham (1), Alice M. Layne (1), Jacob Fulop (1), Samit Mody (1), Urian Yap (1), Jeffrey Horowitz (1), Solomon Feder (1), Richard Froom (1)
Recent activity as signatory:
• Charney Companies and Tavros Capital borrowed $110 million from Silver Point Capital for 168 2 Street on April 30, 2025.
• Rabsky Group borrowed $430 million from Madison Realty Capital for 631 Fulton Street on April 11, 2025.
• Rabsky Group borrowed $108 million from Madison Realty Capital for 240 Willoughby Street on February 21, 2025.
• Columbia Pacific Advisors and Empire Management borrowed $90 million from FS Investments for 250 Fifth Avenue, 250 Fifth Avenue, and 250 Fifth Avenue, NoMad, Manhattan on February 05, 2025.
• Broadfield Realty Capital on January 23, 2025 bought a loan with an original principal of $23.5 million from Madison Realty Capital, signed by Urian Yap, secured by 251-77 Jericho Turnpike, when owned by AB Capstone.
• Madison Realty Capital sold 1074 42 Street for $10 million to Jacob Fulop on January 08, 2025.
• RFR Holding borrowed $82.4 million from Madison Realty Capital for None on October 30, 2024.
• Ian Schrager borrowed $173.2 million from Madison Realty Capital for 215 Chrystie Street, Lower East Side, Manhattan on October 29, 2024.
• Icon Realty Management borrowed $29.3 million from Starwood Property Trust for 235 8 Avenue on October 28, 2024.
• Madison Realty Capital sold 753 9 Avenue for $5 million to Breuer Herskowitz registered on October 15, 2024.
Latest Stories:
• Charney, Tavros, pay $164M to RFR for dev site in Gowanus (May 14, 2025)
• Rabsky Group signs $555M refi with Madison for 1,102 units in Fort Greene (May 02, 2025)
• Broadfield Realty buys $23.5M note secured by AB Capstone building in Bellerose (March 11, 2025)
• Jacob Fulop pays $10M to Madison Realty Capital for dev site in Borough Park (January 15, 2025)
