Spencer Equity Group

Spencer Equity Group portfolio

$56.9 million* – elevator 89.0%, walkup 9.0%; Brooklyn 93.0%, Manhattan 6.0%

870th largest portfolio by dollar value

484,333 sqft – elevator 90.0%, walkup 9.0%;

627th largest by SF

22 properties – Brooklyn 86%, Manhattan 13%

426th largest

724 residential units – Brooklyn 92.0%, Manhattan 7.0%

318th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 2 for $120.4 million

Borrower company: 2 for $267.1 million

Top Ten Associated Companies:

Gilbane Development (5), Signature Bank (4), Santander Bank (2), Tel Aviv Stock Exchange bondholders (2), Berkadia Commercial Mortgage (1), Sterling National Bank (1), Customers Bank (1), New York Community Bank (1), Bank of Princeton (1), Madison Realty Capital (1)

Top Ten Associated People:

Fazeela Siddiqui (2), Hillel Lazarus (2), Matthew P. Lawrence (1), Robert Morgenstern (1), Shimon Deutsch (1)

Recent activity as company:

• Rabsky Group and Spencer Equity Group sold 352 Wallabout Street, Williamsburg, Brooklyn for $7.6 million to Joel Landau on December 17, 2024.

• Spencer Equity Group and Rabsky Group borrowed $158.4 million from Tel Aviv Stock Exchange bondholders for 352 Wallabout Street, 342 Wallabout Street, 330 Wallabout Street, and 322 Wallabout Street, Williamsburg, Brooklyn on November 29, 2024.

• Spencer Equity Group and Rabsky Group borrowed $108.7 million from Tel Aviv Stock Exchange bondholders for N/A Union Avenue, 352 Wallabout Street, 352 Wallabout Street, 342 Wallabout Street, 342 Wallabout Street, and others, Williamsburg, Brooklyn on November 29, 2024.

• Spencer Equity Group sold 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn for $112.8 million to Canvas Investment Partners and Tokyu Land US on November 25, 2024.

• Spencer Equity Group sold N/A Concourse Village Ea, Concourse Village, Bronx for $27.1 million to Gilbane Development on December 27, 2022.

• Spencer Equity Group sold 280 East 161st Street, Concourse Village, Bronx for $40.8 million to Gilbane Development on December 27, 2022.

• Spencer Equity Group sold 101 East 165th Street, 103 East 165th Street, and 1140 Woodycrest Avenue, Highbridge, Bronx for $21.5 million to Gilbane Development on December 23, 2022.

• Spencer Equity Group sold 1105 Jerome Avenue, Highbridge, Bronx for $9.9 million to Gilbane Development on December 23, 2022.

• Spencer Equity Group sold 2363 Southern Boulevard, Belmont/Little Italy, Bronx for $8.2 million to Gilbane Development on December 23, 2022.

• Spencer Equity Group borrowed $275 million from Madison Realty Capital for 625 Fulton Street, 80 Dekalb Avenue, and 635 Fulton Street, Fort Greene, Brooklyn on September 23, 2021.