Raymond Gindi

ASG Equities

Gindi Equities

ASG Equities|Gindi Equities portfolio

(NYC’s “Market Value,” 50% or less of actual value)

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

235th largest portfolio by dollar value

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

317th largest by SF

27 properties – Brooklyn 70%, Manhattan 29%

130th largest

5 residential units – Manhattan 100%, Bronx 0%

793th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 0 for $0

Borrower signatory: 2 for $53 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Ashkenazy Acquisition (1), Morris Cabasso (1), Ezra Erani (1), Peapack-Gladstone Bank (1), Bank of America (1), Joseph John DeVito (1)

Top Ten Associated People:

Morris Cabasso (1), Ezra Erani (1), Jesse Solomon (1), Joseph John DeVito (1)

Recent activity as signatory:

• 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 $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.

• Morris Cabassoand Ezra Erani sold 464 86th Street, Bay Ridge, Brooklyn for $6.5 million to Gindi Equities on July 12, 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.