Slate Property Group builds, owns, invests in, and operates multifamily housing across the New York metropolitan area and East Coast, serving market-rate renters, affordable-housing households, condominium buyers, nonprofit operators, and institutional capital partners through development, adaptive reuse, lending, and operations.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Baisley Pond Park ResidencesSouth Jamaica, Queens, New York318 units | 8.4/ 10 | —/ 10 | 7.5/ 10 |
Google Reviews/Maps is the only located building-specific aggregate and reports 5/5 from 6 reviews, which converts to 10/10 under the stated curve. Because the aggregate has fewer than 10 reviews, the scoring rule limits the result to within one point of 6.5; the predominantly favorable written comments support 7.5, while no recurring complaint or structural review evidence supports a further deduction. | |||
no notes returned no links returned | The available building reviews are predominantly positive: one resident described the staff as “very welcoming and helpful,” praised the amenities, and said the move-in was smooth. The only lifestyle concern visible in the reviews was prospective noise from being “Under the airport and in front a highway”; this is a concern raised in a five-star post, not a confirmed noise complaint. | ||
| 222 Johnson AvenueEast Williamsburg, Brooklyn, New York116 units | 7.9/ 10 | —/ 10 | 7.9/ 10 |
Openigloo’s 4.3/5 from 14 resident reviews is the largest published review aggregate located and converts to 7.9/10 under the supplied curve. Repeated management-response complaints pull the result down modestly, while repeated praise for cleanliness, staff and upkeep offsets part of that movement; the lower Google-linked aggregate is reported as dissent rather than used to replace the larger resident anchor. | |||
Published resident material includes pest concerns, including a review alleging “tons of small roaches” coming up from drains. A city-record summary reports open repairs involving pests, plumbing, and leaks/damp/mould, but these records are not resident ratings and do not establish that every issue remained unresolved on the research date. | Residents praised the “great” front-desk staff, secure package room, regular cleaning and a superintendent who was “very quick to respond” through the building app. Other reviews report that “Management only responds when they want,” difficult communication after move-out, strict roof rules and limited gym facilities; these complaints are materially at odds with the stronger Openigloo aggregate. | ||
| The WelzEast Williamsburg, Brooklyn162 units | 6.7/ 10 | 6.5/ 10 | 6.6/ 10 |
Openigloo’s 3.9/5 building rating is the only qualifying review-based aggregate located, but it rests on just one resident review, so the result is kept close to the stipulated 6.5 low-evidence level. The one resident review is positive overall but notes thin walls; other published comments provide limited structural praise and minor facade/window criticisms without a serious failure. | |||
New York YIMBY reported that construction was complete by March 17, 2025, with the facade finished and construction equipment removed. The available resident comment said “walls are a bit thin”; a separate design comment criticized facade flashing coordination, while another said the bay windows were “impossible to clean.” | The only resident review located called the building “very clean” and said it had “good amenities,” although it also noted that “walls are a bit thin.” Published building materials describe a rooftop terrace, fitness center, doorman-attended lobby, parking and bike storage; these are amenity descriptions rather than resident satisfaction ratings. | ||
| 1080 Lorimer StreetGreenpoint, New York29 units | 6.5/ 10 | —/ 10 | —/ 10 |
The only qualifying building-specific review aggregate located is Exa Places’ 3.5/5 from 2 reviews, which converts to 5.5/10 on the stated curve. Because the anchor has fewer than 10 reviews, the score is kept within one point of 6.5; with no readable review themes or other qualifying platform to move it, the resulting overall score is 6.5/10. | |||
no notes returned no links returned | The available building-specific review evidence is limited to the aggregate published score: “3.5 out of 5 from 2 reviews.” No readable operational comments about management, staff, security, amenities or common-area upkeep were available, so no operational theme is asserted. | ||
| Dutch HouseDutch Kills, New York186 units | 4.4/ 10 | —/ 10 | 3.7/ 10 |
The resident Google aggregate of 3.1/5 from 56 reviews sets the level; using the prescribed market conversion gives an anchor of 4.3/10. The reported complaints materially outweigh the positive themes, producing a conservative adjusted overall/living score of 3.7/10; no separate structure score is assigned because no published structural rating was found. | |||
Residents describe the apartments as “spacious, clean, and well finished,” and one reviewer reported no issues with drafts or noise in their unit. Countervailing infrastructure-related feedback includes smoke entering through shared vents—“Entire apt/bathroom fills with smoke smell in minutes”—and an elevator that “keeps breaking every few weeks”; these are resident reports, not an engineering inspection. | Daily-life feedback praises Luis, his wife and front-desk staff as “super friendly,” with one resident saying nearly all work orders were handled within an hour; residents also mention clean amenities, a gym, rooftop access and a pet-friendly environment. The negative reviews describe management as unresponsive—one tenant says they sent “10+ emails” without a response—and report persistent smoke, barking from the ground-floor dog daycare, and delayed deposits. | ||
| The YellowstoneForest Hills, New York166 units | 4.2/ 10 | 3.5/ 10 | 4.1/ 10 |
LocalityBiz provides the largest review base and sets the level at 2.9/5, converted to 3.7/10. The 3.3/5 LocalGuideWorld result supplies a modest upward counterweight, but repeated reports of leaks, weak access control, unresponsive management, noise and high electricity costs keep the final resident score low. Structure is scored below living because the physical complaints are more consistently adverse, while some staff and convenience praise supports the living component. | |||
Residents reported ceiling and bathroom leaks, including sewage water, and one reviewer said rainwater entered through an improperly installed terrace door. Other reviews describe “paper thin” walls, drafts around windows, unfinished roof and gym areas, and unusually high electric bills; these are resident reports rather than an independent engineering assessment. | Daily-life feedback is sharply mixed but mostly negative: residents describe “astronomical” ConEd bills, smoke and noise, difficult access control and management silence, while others call the concierge “polite and professional” and praise the manager and staff. The strongest positive themes are convenience—“Trader Joe's is right downstairs”—and attractive, clean apartments; the strongest negative themes concern security, responsiveness and unfinished amenities. |
with an office in Wilmington
Partnered with Slate to develop the Fort Greene Family Center, a 105-unit transitional housing residence.
Partnered with Slate to convert the former JFK Hilton hotel into 318 permanently affordable homes.
Partnered with Slate on the 213-unit affordable-housing development at 570 Eldert Lane.
Partnered with Slate and Thorobird on 570 Eldert Lane.
Partnered on 570 Eldert Lane.
Developing 1578 Lexington Avenue with Slate Property Group.
Selected with Slate and Volunteers of America to develop The Orion, a 980-unit Queens housing development.
Selected with Slate and The Hudson Cos. as the nonprofit developer for The Orion.
Partnered with Slate on Dutch House and other residential projects.
Co-closed a $210 million refinancing backing Slate’s transitional and affordable-housing portfolio.
Originated the refinancing package for Slate’s transitional and affordable-housing portfolio.
Securitized that refinancing package as part of its Multifamily Q series.
Partnered with Westhab to develop the Fort Greene Family Center, a 105-unit transitional housing residence for families in Fort Greene, Brooklyn.
Partnered with RiseBoro Community Partnership to convert the former JFK Hilton hotel into 318 permanently affordable homes
JPMorgan Chase originated the refinancing package
which was securitized by Freddie Mac as part of its Multifamily Q series.
Slate Property Group and Thorobird Companies, in partnership with BACDYS and Goldman Sachs, have broken ground on 570 Eldert Lane
Partnering with Thorobird Companies and Bangladeshi American Community Development and Youth Services (BACDYS) on a mixed-use, 213-unit, affordable housing development
Slate Property Group and Thorobird Companies, in partnership with BACDYS and Goldman Sachs, have broken ground on 570 Eldert Lane
developed by Slate Property Group and Evenhar Development Corporation.
The city selected Slate Property Group, The Hudson Cos. and nonprofit developer Volunteers of America to develop The Orion, a 980-unit housing development
The city selected Slate Property Group, The Hudson Cos. and nonprofit developer Volunteers of America to develop The Orion
Slate Property Group and Avenue Realty Capital have teamed up to acquire a residential building
Slate Property Group and Fundamental Advisors have closed on a $210 million refinancing backing their Transitional and Affordable Housing Portfolio.
| COMPANY NUMBER | 4483432 New York Department of State · US · Active |
| United States | active 10 projects tracked |
| Residential, for rent | 8 of 10 |
| Mixed use | 3 of 10 |
| Retail | 2 of 10 |
| Other | 1 of 10 |
| Residential, for sale | 1 of 10 |
He earned his degree from the State University of New York at Albany.
# Martin Nussbaum
Martin serves on the Advisory Board of NYU’s Schack Institute of Real Estate, the Board of the University of Wisconsin–Madison, and the Board of Belev Echad, an international nonprofit supporting wounded members of the Israel Defense Forces.
Before co-founding Slate, Martin was Managing Partner and Co-Founder of Silverstone Property Group, a vertically integrated real estate owner and operator. Earlier in his career, he worked for Atlantic Realty Development Corporation and at Wells Hill Partners.
We founded Slate Property Group in 2013, and we’ve since grown to own, build, lease, finance, and manage every kind of multifamily housing.
He leads the firm’s strategic direction, oversees all business lines and investment activities, manages capital market relationships, and drives organizational growth.
He brings nearly three decades of experience in real estate investment, development, and operations nationwide.
Co-Founder, Principal
I think it’s revolutionary. I think we’ll look back on this as one of the smartest things that we’ve done in housing.Commercial Observer April 16, 2025https://commercialobserver.com/2025/04/slate-property-group-david-schwartz/
David received his B.S. in finance from Syracuse University.
# David Schwartz
Prior to Crescent Heights of America, David worked at Lux Capital and J.P. Morgan.
I think it’s revolutionary. I think we’ll look back on this as one of the smartest things that we’ve done in housing.
We founded Slate Property Group in 2013, and we’ve since grown to own, build, lease, finance, and manage every kind of multifamily housing.
He currently runs all development and construction projects for Slate Property Group and shares responsibility for all acquisitions and investment decisions.
He has over twenty years of experience buying, developing, and operating real estate across the United States.
Co-Founder, Principal
This is an intriguing and opportune time to join the incredible team at Slate Property Group.citybiz June 28, 2023https://www.citybiz.co/article/434983/slate-property-group-appoints-jay-stark-as-president/
Jay graduated from the University of Pennsylvania, with a Bachelor of Arts in Economics and English
and received his JD from University of Chicago.
# Jay Stark
Jay is the founder of Deal Lake Capital... Prior to that, he was the Chief Operating Officer of Winter Properties... Before Winter, he was a founding principal of Latus Partners... before that, a law partner at Solomon Weinberg LLP (now Greenberg Traurig)
“This is an intriguing and opportune time to join the incredible team at Slate Property Group,” said Stark.
Jay joined Slate in 2023 and serves as President.
He oversees the firm’s investment processes, operations and provides strategic guidance and planning across all of the divisions of the integrated platform.
He has over 30 years of experience structuring, acquiring, developing, and financing various real estate strategies.
President
Steve received a Bachelor of Business Administration degree from the University of Michigan Business School (Ross), a Juris Doctor from the Benjamin N. Cardozo School of Law
# Steve Krasman
Prior to Slate, Steve was at Skadden, Arps, Slate, Meagher & Flom LLP... Earlier in his career, Steve worked at DDG Partners and Brack Capital Real Estate... Prior to Brack, Steve worked at Related Capital Company
Steve joined Slate in 2013 and is a Partner and serves as the Chief Operating Officer.
He works in a multifaceted role, providing management and legal support to the company and its affiliates for their ongoing operations, strategic plans, and acquisitions.
With his strong legal background, Steve adds immense value to Slate’s operations and plays a critical role in all of the firm’s projects.
Steve joined Slate in 2013 and is a Partner and serves as the Chief Operating Officer.
John ... earned a Bachelor of Science in Accounting degree from St. John’s University.
# John Bono
Before joining Slate, John was the Tax Partner-In-Charge at Marcum LLP, formerly Friedman LLP... Prior to Marcum, John was the Vice President of Taxation for Rockrose Development Corp.
John joined Slate in 2023 and serves as Chief Financial Officer.
John oversees the finance, accounting and tax functions for the entire portfolio which include reporting, cash management, forecasting, investor relations and risk management.
John is a licensed CPA in the State of New York
Chief Financial Officer
Brian graduated from Duke University, where he was named a Benjamin N. Duke Scholar, with a Bachelor of Science degree in both Economics and Political Science.
# Brian Vetter
Prior to joining Slate, Brian was a Managing Director of Forum Absolute Capital Partners (“FACP”)... Before FACP, Brian was a Vice President in the Carlyle Group’s U.S. Real Estate Funds and an investment banking analyst at Bank of America.
Brian joined Slate in 2020 and serves as Slate Property Group’s Chief Investment Officer.
Brian oversees all aspects of the firm’s investment process, including management of the acquisition and asset management teams.
Prior to joining Slate, Brian was a Managing Director of Forum Absolute Capital Partners (“FACP”), a $300 million real estate private equity fund focused on development in New York City, where he served as the firm’s chief executive and managed all aspects of its projects. Before FACP, Brian was a Vice President in the Carlyle Group’s U.S. Real Estate Funds and an investment banking analyst at Bank of America.
Chief Investment Officer
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baisley Pond Park Residences | New York, United States South Jamaica, Queens | residential for rent | 3181 | 12 | — | USD 167m other | — | 2023 | December 18, 2023 | — | Dec 2025 | — | not scorable | completed |
| Fort Greene Family Center | Brooklyn, United States Fort Greene | other | 1051 | 11 | 1,405 sq ft | USD 73m other | — | 2025 | September 18, 2025 | Dec 2024 | Sep 2025 | +9.0 mo (+9.0 to +9.0) | sourced | completed |
| 326 Rockaway Avenue | New York, United States Brownsville | mixed use, residential for rent | 2161 | 14 | 182,106 sq ft | USD 146m other | — | 2023 | May 31, 2023 | Jan 2025 – Dec 2025 | Aug 2025 | +1.5 mo (−4.0 to +7.0) | sourced | completed |
| The Welz | Brooklyn, United States East Williamsburg | residential for rent | 1621 | 19 | 116,000 sq ft | — | — | 2023 | 2023 | Jun 2025 – Aug 2025 | Feb 2025 | −5.0 mo (−6.0 to −4.0) | estimated | completed |
| The Lionheart | Queens, United States Rego Park | residential for rent | 881 | 8 | 57,407 sq ft | — | — | 2024 | October 8, 2024 | — | Oct 2024 | — | not scorable | completed |
| The Yellowstone | New York, United States Forest Hills | mixed use, residential for rent, retail | 1661 | 11 | 182,000 sq ft | USD 90m construction loan | — | 2021 | May 2021 | Sep 2023 | Jan 2023 – Dec 2023 | −2.5 mo (−8.0 to +3.0) | sourced | completed |
| 1080 Lorimer Street | New York, United States Greenpoint | residential for sale | 291 | — | 56,000 sq ft | — | — | 2021 | June 14, 2021 | Jul 2020 | Jan 2022 – Dec 2022 | +23.5 mo (+18.0 to +29.0) | sourced | completed |
| Dutch House | New York, United States Dutch Kills | mixed use, residential for rent, retail | 1861 | 8 | 186,000 sq ft | USD 85m construction loan | — | — | — | — | Jan 2022 – Apr 2022 | — | not scorable | completed |
| 541 Fourth Avenue | New York, United States Park Slope | residential for rent | 1341 | 11 | — | — | — | 2016 | June 30, 2016 | — | Jan 2021 – Dec 2021 | — | not scorable | completed |
| 222 Johnson Avenue | New York, United States East Williamsburg, Brooklyn | residential for rent | 1161 | 7 | — | — | — | 2018 | 2018 | — | Jan 2020 – Dec 2020 | — | not scorable | completed |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 15, 2026 this month |
| Profile last researched | October 15, 2026 |
| Claim |