Spruce Capital

Spruce Capital portfolio

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

3638th largest portfolio by dollar value

13,690 sqft – walkup 100%;

4754th largest by SF

2 properties – Manhattan 50%, Brooklyn 50%

155th largest

17 residential units – Manhattan 52%, Brooklyn 47%

781th largest by residential units

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)

Latest Stories:

• Carlyle, Greenbrook sign $29M loan with Invesco for 13 rentals, part of $120M total expected (August 28, 2024)

• J&C International Group signs $14M refi with East West Bank for 30-unit condo building in Flushing (September 14, 2023)

• David Kramer pays $12.2M to Joel Schwartz for 21-unit development in Williamsburg (January 09, 2023)

• Spruce Capital signs $12M rehab loan for residential walkup in Lenox Hill (October 12, 2022)

• Boomerang Development files 15-unit, $59M condo plan in Yorkville (September 02, 2022)

• Ekstein Development signs $48.8M construction loan with Santander for development in Bushwick (April 13, 2022)

• Jacob Schwimmer signs $50.3M ground lease with Haven Capital at 215-unit elevator building in Mott Haven (March 28, 2022)

• Sam Chang of McSam Hotel Group in contract to sell 974-key hotel development (March 24, 2022)

• Jacob Schwimmer signs 3rd ground lease as Haven Capital pays $50M for ground leased fee in Mott Haven (March 15, 2022)

• 9-unit rental in Lenox Hill sells for $8.5M (January 04, 2022)

Properties:

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