ASG Equities

26 Cortlandt Street, 5th Fl, New York, NY 10007

asgequities.com

People:

To see the 3 people from this company you need a Professional level subscription

Subscribe ($125/month)

ASG Equities portfolio

$248.4 million* – office 47%, retail 34%; Manhattan 64%, Brooklyn 35%

248th largest portfolio by dollar value

1,065,141 sqft – office 60%, retail 17%;

331th largest by SF

27 properties – Brooklyn 70%, Manhattan 29%

362th largest

5 residential units – Manhattan 100%, Bronx 0%

5346th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Notes

ASG Equities is the Gindi family’s family office. The same principals own Gindi Equities. The Gindi family also owns the discount retailer Century 21 NYC. Website: “Gindi Equities was founded in 2020 by Raymond and Al Gindi as an opportunistic investment platform to acquire multifamily assets.”

Company Activity past 24 months:

Borrower company: 4 for $113.9 million

Top Ten Associated Companies:

Bank of America (2), Ashkenazy Acquisition (1), Peapack-Gladstone Bank (1), Oceanview Life and Annuity Company (1), Julian and Sharon Smith Family LP (1), Joseph John DeVito (1)

Top Ten Associated People:

Jesse Solomon (1), Marnie Adams (1), Sharon Smith (1), Joseph John DeVito (1)

Recent activity as company:

• ASG Equities borrowed $33 million from Bank of America for 173 Broadway, 10-12 Cortlandt Street, 177 Broadway, and 175 Broadway, Financial District, Manhattan on August 19, 2024.

• ASG Equities borrowed $29 million from Oceanview Life and Annuity Company for 8613 5th Avenue, Bay Ridge, Brooklyn on April 24, 2024.

• ASG Equities borrowed $20 million from Peapack-Gladstone Bank for 441 87th Street, 449 87th Street, 458 86th Street, 474 86th Street, 468 86th Street, and others, Bay Ridge, Brooklyn on November 14, 2023.

• ASG Equities borrowed $31.9 million from Bank of America for 19-25 Church Street, Financial District, Manhattan on May 16, 2023.

• Julian and Sharon Smith Family LP sold 472 86th Street, Bay Ridge, Brooklyn for $14.8 million to ASG Equities on April 25, 2022.

• ASG Equities sold 1991 Broadway, 1991 Broadway, 1991 Broadway, and 1991 Broadway, Lincoln Square, Manhattan for $6.2 million to Ashkenazy Acquisition on January 19, 2022.

• Joseph John DeVito sold 456 86th Street, Bay Ridge, Brooklyn for $3 million to ASG Equities on October 14, 2021.