Black Spruce Management
(Black Spruce Properties, Black Spruce)
276 Fifth Avenue Suite 401 New York NY 10001
80 Fifth Avenue, Suite 1201 New York, NY 10011
Black Spruce Management NYC portfolio
$2.6 billion -elevator 64%, walkup 20%, condo 15%; Manhattan 92%, Queens 4%, Brooklyn 2%*
82th largest portfolio by dollar value
4,414,819 sqft – elevator 61%, walkup 27%, condo 10%; Manhattan 84%, Queens 11%, Bronx 1%
95th largest by SF
141 properties – Manhattan 86%, Brooklyn 9%, Queens 3%
38th largest
4,456 residential units – Manhattan 84%, Queens 10%, Bronx 2%
54th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Company Activity past 24 months:
Seller company: 21 for $121.9 million
Borrower company: 3 for $906.9 million
Top Ten Associated Companies:
Westover Companies (13), Signature Bank (9), Cedar Park Capital (8), Arbor Realty Trust (2), JPMorgan Chase (2), New York Community Bank (2), Apollo Global Management (2), Shulem Herman (1), Law Offices of Zev Brachfeld registered (1), Amerant Bank (1)
Top Ten Associated People:
Guntram J. Weissenberger Jr. (13), Marlon Lerer (8), Jeffrey Horowitz (2), Shulem Herman (1), Kenneth Dowling (1), Aaron Greene (1), Zev Brachfeld (1), Jessica Wong (1), Samantha Stewart (1), Valerie Rubin (1)
Recent activity as company:
• Black Spruce Management and Orbach Affordable Housing Solutions borrowed $525.1 million from Arbor Realty Trust for American copper building on July 31, 2025.
• Black Spruce Management sold 661 Meeker Avenue for $2.9 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 669 Meeker Avenue for $4 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 3 Sutton Street for $3.4 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 5 Sutton Street for $3.3 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 164 Kingsland Avenue for $3.2 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 170 Kingsland Avenue for $3.2 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 665 Meeker Avenue for $3 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management sold 657 Meeker Avenue for $4.3 million to Cedar Park Capital on April 15, 2025.
• Black Spruce Management and Orbach Affordable Housing Solutions borrowed $290.6 million from Apollo Global Management and RXR Realty for 685 First Avenue, 685 First Avenue, and 685 First Avenue, Murray Hill, Manhattan on January 27, 2025.
Latest Stories:
• Cedar Park pays $27.4M to Black Spruce for 8-building Greenpoint porfolio (April 29, 2025)
• Widow of Black Spruce Management co-founder battles company’s top executive (January 01, 2024)
• Black Spruce sells 81-unit UWS rental for $54.5M (June 27, 2023)
• Black Spruce, Orbach pay $402.6M to Solow Realty for 332-unit rental in Lenox Hill (May 02, 2023)
• Black Spruce, Orbach pay $193.7M to Solow, part of $1.8B deal (December 09, 2022)
Court Records:
Properties: