John Grassi
Spear Street Capital
Owner
Spear Street Capital portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$146 million – office 67%, retail 32%; Manhattan 100%, Bronx 0%
390th largest portfolio by dollar value
283,570 sqft – office 72%, retail 27%;
912th largest by SF
4 properties – Manhattan 100%, Bronx 0%
153th largest
Person Activity past 24 months:
Buyer signatory: 1 for $52 million
Seller signatory: 0 for $0
Borrower signatory: 2 for $54.8 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Voya Investment Management (1), KPG Funds (1), Ladder Capital (1)
Top Ten Associated People:
Gregory Kraut (1), Mark Ableman (1)
Recent activity as signatory:
• Spear Street Capital borrowed $33 million from Ladder Capital for 446 Broadway, Little Italy, Manhattan on September 25, 2024.
• KPG Funds sold 446 Broadway, Little Italy, Manhattan for $52 million to Spear Street Capital on September 25, 2024.
• Spear Street Capital borrowed $21.8 million from Voya Investment Management for 2 Crosby Street, Little Italy, Manhattan on April 16, 2024.