David I. Berley
David I. Berley
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
real estate career working at Berley & Company
, where he
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.
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.
has always pushed the real estate envelope in the area of residential conversions.
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.
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
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.