SILVERMAN

What SILVERMAN does

SILVERMAN is a privately held real estate development and property management company headquartered in Jersey City, New Jersey, founded in 1981 by brothers Eric and Paul Silverman. The company owns and operates a concentrated portfolio of 10 named properties in downtown Jersey City's Hamilton Park, Grove Street, and Paulus Hook neighborhoods, comprising over 2,000 residences and more than 500,000 square feet of commercial and light industrial space. Its portfolio spans historic adaptive-reuse assets (the 1907 Majestic Theatre, the former St. Francis Hospital redeveloped as Hamilton Square, and the turn-of-century brass foundry converted into Park Foundry) and modern high-rise product (the 41-story Hendrix tower completed in 2022, and the nine-story mixed-use Swift & Co. completed in 2023). Property-level offerings include studios through three-bedroom apartments, climate-controlled parking with EV charging at $360–$495/month, ground-floor retail leases, and the wholly-owned Andco Coworking subsidiary with memberships starting at $350/month.

The business model is subscription-recurring rental income: monthly residential rents from $2,950 to $8,150, monthly parking, monthly coworking memberships, and commercial tenant leases, with revenue streams diversified across unit sizes and ancillary services. Go-to-market is direct-to-consumer via the WordPress-based silvermanbuilding.com website (with virtual tours, schedule-a-tour functionality, and online inquiry forms), supplemented by on-site leasing at the 201 Montgomery Street headquarters, organic social on Instagram, Facebook, and LinkedIn, and Google Business Profile review management. No proprietary technology platform exists; operations rely on standard property management software and an in-house maintenance and concierge team. Customer acquisition is essentially zero-cost organic, anchored by 45+ years of local reputation — the company brands itself "The Most Trusted Landlord in Jersey City" and sustains five-star Google reviews citing responsiveness, snow removal, and concierge service.

Customer concentration is structurally low — the tenant base comprises thousands of individual residential leases across the portfolio with no material single-tenant exposure. Revenue concentration risk is geographic (single submarket) rather than tenant-driven. The firm has no external investors, no parent company, and no M&A history; growth is internally financed and paced by construction cycles of approximately one significant new development every one to three years.

Name

SILVERMAN

Legal name

Silverman

Website

https://silvermanbuilding.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

SILVERMAN is a privately held Jersey City real estate developer and landlord founded in 1981, operating 10 buildings with 2,000+ residences and 500,000+ square feet of commercial space, serving residential tenants, parking customers, and coworking members through direct monthly subscriptions.

Ownership category

akta.pro rank

Headquarters

HQ city

Jersey City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Rentals: Monthly rental income from apartments and condominiums across 10+ buildings in Jersey City. Units range from studios to 3-bedroom apartments with rents from $2,950 to $8,150/month. The company also offers fully furnished options at additional cost.
2. Parking Services: Monthly parking fees at various buildings ranging from $360/month (Schroeder Lofts, Majestic Theatre) to $495/month (Park Francis valet with EV charging). Revenue from climate-controlled indoor parking spots across multiple properties.
3. Commercial and Coworking Space: Revenue from Andco coworking memberships (starting at $350/month for open level) and retail/commercial tenant leases in ground-floor spaces of SILVERMAN buildings. Retail tenants include restaurants, boutiques, fitness centers, and service businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SILVERMAN develops, owns, and manages residential apartments, parking facilities, coworking space, and commercial/retail properties in Jersey City, NJ. Across a portfolio of 10 buildings, the company rents studio through 3-bedroom apartments (rents $2,950–$8,150/month), offers monthly parking memberships ($360–$495/month) including EV charging, and operates Andco coworking memberships starting at $350/month. The company also leases ground-floor retail and commercial space to restaurants, boutiques, fitness centers, and service businesses.

Product overview

SILVERMAN is a property management and real estate development company operating a portfolio of residential buildings, commercial spaces, and parking facilities in Jersey City, NJ. The company manages ten distinct properties including The Hendrix (41-story high-rise), Swift & Co. (9-story mixed-use with coworking), Park Francis, Charles & Co. (company headquarters), Hamilton Square, Majestic Theatre Condominiums, Park Foundry, Schroeder Lofts, Two Ten, and Majestic Corner. SILVERMAN also operates Andco Coworking spaces and provides parking services with climate-controlled indoor facilities including EV charging. The portfolio includes over 2,000 residences and 500,000+ square feet of commercial space, offering rental apartments ranging from studios to 3-bedroom units across various price points ($2,950-$8,150/month).

Differentiator

Problem solved

Functional benefit

Products and services

• The Hendrix A 41-story residential tower at 180 Morgan Street offering studio, 1, 2, and 3 bedroom apartments with terraces and panoramic views. Targets renters seeking high-rise living with premium appliances, rooftop amenities, and ground-floor retail access.
• Swift & Co. A nine-story mixed-use building at 220 Ninth Street featuring studio, 1, 2, and 3 bedroom apartments with cove lighting, in-unit washer/dryer, and walk-in closets. Includes Andco coworking space on the second floor, rooftop lounge with Manhattan skyline views, semi-automated parking, and health club with indoor lap pool.
• Park Francis A residential building at 235 Pavonia Avenue offering spacious apartments near historic Hamilton Park. Features include rooftop deck, resident lounge with courtyard, on-site valet parking, smoke-free and pet-friendly environment, and proximity to local shops and restaurants.
• Charles & Co. A residential building at 201 Montgomery Street in the Grove Street neighborhood featuring a roof deck with indoor/outdoor lounges, Andco coworking space, fitness center, and on-site parking. The headquarters of SILVERMAN, located steps from Grove Street PATH station.
• Majestic Corner Renovated residences at 273-279 Grove Street featuring old world charm with original historic details including wood floors, brick accents, and claw foot tubs. Located across from City Hall with quick access to Grove Street PATH.
• Hamilton Square An 11-story, 125-unit restoration at 232 Pavonia Avenue in the Hamilton Park neighborhood. Features 24-hour doorman, 6,000 sq ft landscaped rooftop terrace, modern industrial aesthetics, and high ceilings with open floor plans. Converted from the former St. Francis Hospital.
• Majestic Theatre Condominiums A landmark six-story building at 222 Montgomery Street converted into 45 condominiums featuring arched windows, plaster ornamentation, gabled marquee, and mosaic tile entrance. Originally opened as a theater in 1907. Targets buyers seeking historic character with ownership opportunity.
• Park Foundry A former brass foundry at 242 10th Street converted into charming loft-style residences one block from Hamilton Park. Features include original brick accents, loft-height ceilings, arched windows, and rooftop terrace with Manhattan skyline views.
• Schroeder Lofts Urban loft conversions at 234 10th Street adjacent to Hamilton Park. Features include floor-to-ceiling windows with Manhattan views, modern kitchens and baths, central air with exposed ductwork, roof terrace, and on-site parking.
• Two Ten A boutique residence at 210 9th Street with six apartments per floor, located one block from Hamilton Park. Features include rooftop deck with grills and NYC views, and proximity to Newport PATH station.
• Parking Services Climate-controlled indoor parking across multiple SILVERMAN locations including Swift & Co., Park Francis, Schroeder Lofts, Charles & Co., and Majestic Theatre Condos. Features include valet service, EV charging stations, and reserved spots. Monthly rates range from $360 (standard) to $495 (premium valet with EV charging).
• Andco Coworking Downtown Jersey City's collaborative workspace brand at 220 Ninth Street (Swift & Co.) and 201 Montgomery Street (Charles & Co.). Offers open level memberships starting at $350/month with 255 sq ft workspace, providing community and networking for professionals and small businesses.

Quantifiable outcome

• All SILVERMAN-managed residential buildings reported 100% leased status
• +1 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• Kismet of KingsminorOthers · 1 January 2024Nonprofit mentorship and after-school program for Black and brown male students ages 11-18 from low-income neighborhoods. SILVERMAN hosts annual charity golf tournament benefiting the organization. The 9th Annual Charity Golf Tournament raised funds for Kismet of Kings programs.
• New Jersey City University (NJCU)minorOthers · 1 January 2022Paul Silverman was honored as the 2022 NJCU Leadership Awards Arts Honoree at the university's annual gala recognizing community leaders for contributions to Jersey City.
• Hamilton Park ConservancyminorOthersNonprofit organization working to maintain the Hamilton Park neighborhood. SILVERMAN properties surround and support the five-acre Victorian park, and the company actively promotes park activities in tenant communications.
• NJPAC (New Jersey Performing Arts Center)minorOthersSILVERMAN partnered with NJPAC to host family movie nights at Andco coworking space, featuring treats from local vendor The Cupcake Carriage.
• Youth Foundation of Jersey CityminorOthersPaul Silverman is associated with the Youth Foundation of Jersey City, supporting programs for neighborhood students and youth development initiatives.
• Andco CoworkingcoreOthersSILVERMAN developed Andco coworking as an integrated amenity within their residential buildings, with locations at 220 Ninth Street (Swift & Co.) and 201 Montgomery Street (Charles & Co.). Andco operates as a separate but related brand offering flexible workspace memberships starting at $350/month.
• Elevator Jersey CityminorOthersArtist studio space and gallery operated by Art House Productions within the Powerhouse Arts area. SILVERMAN supports Open Studios events and artist community activities.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Kushner Companies: Major NJ- and NYC-focused real estate developer and landlord with significant multifamily rental portfolios in similar urban transit-accessible submarkets. Directly comparable as a family-influenced operator developing, owning, and managing large residential and mixed-use properties in the same region.
• Ironstate Development: New Jersey-headquartered multifamily developer and operator with a large footprint of urban apartment buildings, hotels, and mixed-use projects along the Hudson waterfront. Highly comparable as a developer/operator in the same NJ waterfront submarkets SILVERMAN serves.
• The Hampshire Companies: New Jersey-based real estate investment and development firm with multifamily, mixed-use, and retail assets across the Northeast. Comparable as a similarly sized private developer/operator focused on NJ submarkets with vertically integrated property management.
• Hartz Group: Long-standing NYC/NJ residential real estate developer with a large multifamily rental portfolio and mixed-use assets. Comparable as a family-influenced owner-operator focused on urban Northeast residential product.
• Veris Residential: Public multifamily REIT (formerly Mack-Cali) with a concentration of class-A apartment communities along the NJ Hudson waterfront, including Jersey City. Directly comparable as a major owner-operator of upscale urban rental housing in the same submarkets SILVERMAN serves.
• Bozzuto Group: Privately-held multifamily real estate developer and property manager with a portfolio of class-A urban apartment communities across the Northeast. Comparable as a vertically integrated developer-operator focused on amenity-rich urban rental housing.

Broad incumbents

• LeFrak: One of the largest privately-held residential real estate developers in the NYC/NJ region with tens of thousands of rental units. Comparable as a major owner-operator of multifamily housing in the same Hudson County / NYC metro geography, though at significantly larger scale.
• AvalonBay Communities: Large publicly-traded multifamily REIT with a meaningful presence in NJ waterfront submarkets including Jersey City. Comparable as a class-A urban apartment owner/operator, though at vastly greater scale and with national diversification.

Regional players

• Elmwood Property Management: Jersey City-based residential property management firm operating rental portfolios in the same Hudson County submarkets. Comparable as a locally focused residential property manager serving similar downtown JC tenant demographics.

Others

• CraigsCity Living: Jersey City-based rental listings and tenant placement platform that aggregates Downtown JC apartment inventory. Adjacent rather than directly competing — useful comparable for understanding the local rental market dynamics and tenant acquisition channels SILVERMAN operates within.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SILVERMANBUILDING
• LinkedInlinkedin.com/company/silvermanbuilding
• Instagraminstagram.com/silvermanbuilding/?hl=en
• Xx.com/silvermanjc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SILVERMAN