Madison Realty Capital
Named as the sponsor's construction lender in 6 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.
Madison Realty Capital's 6 buildings in these plans are spread across Brooklyn (3), Manhattan (3), all new construction, typically 7–40 units, offered at an average $2.3M per unit. Check size: $18.5M typical (the median of 4 loans whose size the plan states or ACRIS records), from $1.8M to $53.4M.
- Buildings
- 6
- Residential units
- 195
- Typical check
- $18.5M
- Years
- 2008–2020
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Recent Growth
Madison Realty Capital's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
No buildings accepted since 2021. 0% of all 6 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 0 | — |
Latest: Cascade E Condominium, accepted Feb 7, 2020.
Strongest Relationships
The firms named most often on the same buildings as Madison Realty Capital, at least 2 in common.
Architects
- Diego Aguilera, R.A2 shared buildings · 33% of Madison Realty Capital's · 2020
Sponsor's counsel
- The Law Office Of Jay Lichtman, P.C.2 shared buildings · 33% of Madison Realty Capital's · 2020
Property managers
- Artex Property Management2 shared buildings · 33% of Madison Realty Capital's · 2020
Tax consultants
- Metropolitan Realty Exemptions3 shared buildings · 50% of Madison Realty Capital's · 2016–2020
From the same offering plans as the table below. A firm's own affiliates aren't counted.
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| Condominium | Accepted | Units | Loan |
|---|---|---|---|
| Cascade E Condominium569 Marcy Avenue · Brooklyn · new constructionSponsor: Cascade 553 LLC · Named on p. 13 ↗ | 2020 | 40 | — |
| Cascade D Condominium92 Stockton Street · Brooklyn · new constructionSponsor: Cascade 553 LLC · Named on p. 13 ↗ | 2020 | 39 | $1.8M* |
| 1399 Park Avenue Condominium1399 Park Avenue · Manhattan · new constructionSponsor: Terrace On The Park LLC · Named on p. 21 ↗ | 2016 | 72 | $53.4M |
| 949 Park Avenue Condominium949 Park Avenue · Manhattan · new constructionRecorded as Madison Realty Capital, L.p. · Sponsor: 949 Park Development LLC · Recorded in ACRIS ↗ | 2010 | 6 | $28.7M* |
| Deuce Condominium534 West 42nd Street · Manhattan · new constructionRecorded as Madison Realty Capital. L.p. · Sponsor: 534 West 42nd Street LLC · Recorded in ACRIS ↗ | 2008 | 7 | $8.2M* |
| One Powers Street CondominiumOne Powers Street · Brooklyn · new constructionNamed as Madison Realty Capital, L.P. · Sponsor: Essex Market Development, LLC · Named on p. 28 ↗ | 2008 | 31 | — |
Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.