Spruce Capital

Spruce Capital portfolio

$5.4 million* – walkup 100%; Manhattan 95%, Brooklyn 4%

3677th largest portfolio by dollar value

13,690 sqft – walkup 100%;

4796th largest by SF

2 properties – Manhattan 50%, Brooklyn 50%

3467th largest

17 residential units – Manhattan 52%, Brooklyn 47%

3411th largest by residential units

Top Ten Associated Companies:

Jacob Schwimmer (2), Shimshon Grunstein (2), Kamaljit Singh (2), Leonid Bogomolniy (2), Joel Schwartz (2), Boomerang Development Group (2), Anne B. Snee (1), John J. Xu (1), Meral Property Group (1), First Republic Bank (1)

Top Ten Associated People:

Shimshon Grunstein (2), Kamaljit Singh (2), Joel Schwartz (2), Marco Auteri (2), Anne B. Snee (1), Linzhong Zhuo (1), Yaniv Cohen (1), Erik Ekstein (1), Sam Chang (1), Jacob Schwimmer (1)

Recent activity as company:

• Spruce Capital borrowed $12 million from First Republic Bank for 38 East 75th Street, Lenox Hill, Manhattan on October 11, 2022.

• Anne B. Snee sold 38 East 75th Street, Lenox Hill, Manhattan for $8.5 million to Spruce Capital on January 03, 2022.

• BQBP borrowed $6.3 million from Starwood Capital Group for 385 Classon Avenue and 638 Wilson Avenue, Bedford-Stuyvesant, Brooklyn on September 27, 2021.

• Spruce Capital sold 290 Nassau Avenue, Greenpoint, Brooklyn for $2.2 million to Greenbrook Partners on September 24, 2021.

• Ashok Patel borrowed $5 million from Spruce Capital for 84-11 37th Avenue, Jackson Heights, Queens on September 20, 2021.

• Hector Florimon borrowed $6 million from Spruce Capital for 175-31 Jamaica Avenue, Jamaica, Queens on September 02, 2021.

• Kamaljit Singh borrowed $6 million from Spruce Capital for 109-57 109th Street, 111-02 110th Street, 109-19 Rockaway Boulevard, 109-17 Rockaway Boulevard, 109-09 Rockaway Boulevard, and others, Ozone Park, Queens on August 27, 2021.

• Shimshon Grunstein borrowed $9.6 million from Spruce Capital for 550 Trinity Avenue, Morrisania, Bronx on August 26, 2021.

• Michael Weitzman borrowed $6 million from Spruce Capital for 135 Kent Avenue, Williamsburg, Brooklyn on August 19, 2021.

• Leonid Bogomolniy borrowed $10.7 million from Spruce Capital for 29 West End Avenue, 27 West End Avenue, 17 West End Avenue, 15 West End Avenue, and 11 West End Avenue, Brighton Beach, Brooklyn on August 04, 2021.