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This profile was last updated on 8/25/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. David I. Berley

Wrong David I. Berley?

Chairman

Walter & Samuels Inc
419 Park Avenue South
New York, New York 10016
United States

Company Description: Founded in 1933, Walter & Samuels, Inc. is one of New York City's most long-standing full-service real estate firms. A leader in leasing as well as property and...   more
Background

Employment History

48 Total References
Web References
Walter & Samuels, Inc.
www.walter-samuels.com, 23 Oct 2013 [cached]
David I. Berley
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David I. Berley
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David I. Berley, Chairman
A leading New York City real estate investor with five decades of experience acquiring, managing, converting, and developing commercial and residential real estate in Manhattan, Walter & Samuels, Inc. chairman David I. Berley has earned a storied reputation for his inventive deal-making and ability to create value.
Born in Brooklyn, where he attended Midwood High School, Berley started his real estate career working at Berley & Company, where he syndicated his first deal at the age of 23. In 1968 Berley joined Walter & Samuels; he then bought the company from its senior partners in 1973. As the owner and leader of Walter & Samuels for the last four decades, Berley has done hundreds of deals. Whether buying a building himself or working with institutional partners such as General Electric Capital Corporation or a Deutsche Bank REEF, Berley brings vast experience, sound judgment, and stunning creativity.
Berley has been a pioneer in transforming commercial neighborhoods and converting pre-war residential buildings as well as commercial buildings. When he moved Walter & Samuels from 342 Madison Avenue to 419 Park Avenue South in the 1970s, Berley led the way in making Midtown South a choice destination for quality office space. Berley has always pushed the real estate envelope in the area of residential conversions. His first conversion was a co-op, 1155 Park in 1978. But in the early 1980s Berley saw the advantage of doing condominium conversions when everyone else was doing co-ops. Berley has done 30 condo conversions over the last 30 years, most recently 15 Madison Square North, a conversion of 20-story pre-war office building into 12 floors of luxury residential apartments above an elegant commercial building.
With a legendary feel for buildings and a mind for numbers, Berley has gained wide respect across the New York real estate community throughout his career. Former Chairman of the Young Men's/Women's Real Estate Association of New York, and former Chairman of the Board of Governors of its New York Chapter, Berley is the only person to receive both the Young Man of the Year Award (1977) and the Young Real Estate Senior Man of the Year Award (1990). During the last three years, Berley has done $1 billion in deals.
"With the overall development and ...
www.easternconsolidated.com, 6 May 2014 [cached]
"With the overall development and expansion of Lower Manhattan, we believe Fulton Street will become one of Downtown's most dynamic corridors," said David Berley, Chairman of Walters & Samuels.
An investment group headed by Walter ...
www.walter-samuels.com, 1 July 2013 [cached]
An investment group headed by Walter & Samuels Chairman David I. Berley purchased a boutique office building located at 30 East 20th Street in the Flatiron District. The seven-story building, which is located between Broadway and Park Avenue South next to the Theodore Roosevelt Birthplace National Historic Site, was purchased in an off market transaction for $10M. It features light and airy loft-like offices on floors two through seven, as well as two ground-level retail spaces. "We expect this building to do well with technology and new media companies who want to be in a quality Flatiron building located on a vibrant and beautiful street with destination restaurants," said Mr. Berley.
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In one of the largest transactions of the year, a partnership headed by Walter & Samuels Chairman David I. Berley sold 304 Park Avenue South to SL Green. The prolific commercial property owner acquired the Midtown South building for $135M in an off-market transaction funded with a combination of cash and operating partnership units. "We're not sellers, but there's a time and a price for everything," said Mr. Berley, who reinvested in the building as a partner of SL Green. "The deal provided a tax beneficial way of selling," added Berley.
The firm has picked up 304 ...
www.raindeals.com, 1 June 2012 [cached]
The firm has picked up 304 Park Ave. S., a 215,000-square-foot mixed-use office and retail building, from a partnership headed by David Berley, chairman of Walter & Samuels Inc. The property was purchased for $135 million, or $628 per square foot, and was closed by 50 percent cash and the remaining 50 percent in operating-partnership units.
Walter & Samuels, Inc.
www.walter-samuels.com [cached]
An investment group headed by Walter & Samuels Chairman David I. Berley purchased a boutique office building located at 30 East 20th Street in the Flatiron District. The seven-story building, which is located between Broadway and Park Avenue South next to the Theodore Roosevelt Birthplace National Historic Site, was purchased in an off market transaction for $10M. It features light and airy loft-like offices on floors two through seven, as well as two ground-level retail spaces. "We expect this building to do well with technology and new media companies who want to be in a quality Flatiron building located on a vibrant and beautiful street with destination restaurants," said Mr. Berley.
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In one of the largest transactions of the year, a partnership headed by Walter & Samuels Chairman David I. Berley sold 304 Park Avenue South to SL Green. The prolific commercial property owner acquired the Midtown South building for $135M in an off-market transaction funded with a combination of cash and operating partnership units. "We're not sellers, but there's a time and a price for everything," said Mr. Berley, who reinvested in the building as a partner of SL Green. "The deal provided a tax beneficial way of selling," added Berley.
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"I think Madison Square Park will be great for Vera Wang and Vera Wang will be great for Madison Square Park," said David I. Berley, Chairman of Walter & Samuels.
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Angelo, Gordon, Belvedere Capital, Metropolitan Realty Associates and an investment group led by Walter & Samuels' David I. Berley recently purchased the office building.
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Angelo, Gordon, Belvedere Capital, Metropolitan Realty Associates and an investment group led by Walter & Samuels' David I. Berley recently purchased the 150,000-square-foot office building for $33 million in a deal that was brokered through Douglas Harmon of Eastdil Secured.
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"We think this is an exciting office building in an exciting neighborhood," said Berley.
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Chairman David I. Berley, partnered with Deutsche Bank Real Estate Global Opportunity Group in 2004 to purchase the neo-gothic building for $109 million.
Walter & Samuels, which managed the building and handled the conversion, tapped Corcoran Group Marketing to market residences at the building. According to Corcoran, the building achieved an average sales price of $3.59 million-one of the highest averages for a development in the Madison Square Park neighborhood to-date. The highest single price achieved was $12.16 million and one residence closed at $2 million above the asking price.
"Our fifth conversion from commercial to residential, this was the most challenging because it was a conversion from office rather than loft space," said David Berley, "and the luxury residential was at the highest end."
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