Global Asset Properties

(Global Asset Management)

122 E. 42nd Street Suite 2405 New York, NY 10168

globalassetus.com

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Global Asset Properties NYC portfolio

$78.6 million -condo 65%, retail 27%, industrial 6%; Manhattan 72%, Bronx 27%*

1724th largest portfolio by dollar value

67,535 sqft – condo 65%, retail 34%; Manhattan 65%, Bronx 34%

2961th largest by SF

8 properties – Manhattan 84%, Bronx 15%

1334th largest

Notes

Website: Global Asset Properties is a family owned and operated real estate investment, development and management firm based in New York City. Since its inception in 1982, Global Asset Properties has strategically developed a diversified portfolio of assets in Manhattan, Brooklyn, Queens and the Bronx.

Company Activity past 24 months:

Buyer company: 5 for $53.3 million

Seller company: 4 for $40.3 million

Borrower company: 7 for $52 million

Top Ten Associated Companies:

Citibank (2), Shlomo Karpen (1), Norman Strulovitch (1), Anshel Fridman (1), Haussmann Development (1), Pacific National Bank (1), Jason Wang (1), Bardhok Kodra (1), China Institute in America (1), Columbia Capital (1)

Top Ten Associated People:

Tracey Spiritus (2), Shlomo Karpen (1), Jason Wang (1), Bardhok Kodra (1), Bing Luh (1), John Olsen (1)

Recent activity as company:

• Global Asset Properties sold 94 8 Avenue for $3.9 million to Jason Wang on March 26, 2026.

• Tessler Developments sold 172 Madison Avenue and 172 Madison Avenue, Park Avenue South, Manhattan for $10.1 million to Global Asset Properties on March 10, 2026.

• Global Asset Properties borrowed $7.6 million from ARC Pe for 172 Madison Avenue and 172 Madison Avenue, Park Avenue South, Manhattan on March 10, 2026.

• Global Asset Properties borrowed $3.9 million from ConnectOne Bank for None on January 28, 2026.

• Global Asset Properties borrowed $10.8 million from Citibank for 485 7th Avenue, 485 7th Avenue, 40 Rector St, and 40 Rector St, Garment District, Manhattan on January 16, 2026.

• Global Asset Properties borrowed $3.5 million from Pacific National Bank for 350 West 42nd Street and 350 West 42nd Street, Hell’s Kitchen, Manhattan on December 19, 2025.

• HUBB NYC sold 350 West 42nd Street and 350 West 42nd Street, Hell’s Kitchen, Manhattan for $5.8 million to Global Asset Properties on December 19, 2025.

• Lightstone Group sold 485 7th Avenue and 485 7th Avenue, Garment District, Manhattan for $7.7 million to Global Asset Properties on October 31, 2025.

• Global Asset Properties borrowed $5.4 million from Columbia Capital for 485 7th Avenue and 485 7th Avenue, Garment District, Manhattan on October 31, 2025.

• Acadia Realty Trust sold 1035 Third Avenue and 1035 Third Avenue, Lenox Hill, Manhattan for $22 million to Global Asset Properties on October 01, 2025.