Spencer Equity Group

Spencer Equity Group NYC portfolio

$320.5 million* – elevator 49%, specialty 45%, walkup 5%; Brooklyn 95%, Manhattan 4%

536th largest portfolio by dollar value

484,333 sqft – elevator 90%, walkup 9%;

643th largest by SF

14 properties – Brooklyn 86%, Manhattan 13%

542th largest

724 residential units – Brooklyn 92%, Manhattan 7%

341th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 3 for $127.5 million

Borrower company: 3 for $315.5 million

Top Ten Associated Companies:

Gilbane Development (5), Signature Bank (4), Tel Aviv Stock Exchange bondholders (2), Berkadia Commercial Mortgage (2), Santander Bank (2), Canvas Investment Partners (1), Tokyu Land US (1), Shloma Stuhl (1), Herman Stuhl (1), Bank of Princeton (1)

Top Ten Associated People:

Hillel Lazarus (2), Fazeela Siddiqui (2), Robert Morgenstern (1), Amy Jesperger (1), Shloma Stuhl (1), Matthew P. Lawrence (1), Shimon Deutsch (1)

Recent activity as company:

• Rabsky Group and Spencer Equity Group sold 352 Wallabout Street, Williamsburg, Brooklyn for $7 million to Shloma Stuhl and Herman Stuhl on April 15, 2025.

• Spencer Equity Group and NYC Housing Partnership borrowed $48.4 million from Berkadia Commercial Mortgage for 3528 Mermaid Avenue, Coney Island, Brooklyn on March 24, 2025.

• Rabsky Group and Spencer Equity Group sold 352 Wallabout Street, Williamsburg, Brooklyn for $7.6 million to Joel Landau on December 17, 2024.

• Spencer Equity Group and Rabsky Group borrowed $158.4 million from Tel Aviv Stock Exchange bondholders for 352 Wallabout Street, 342 Wallabout Street, 330 Wallabout Street, and 322 Wallabout Street, Williamsburg, Brooklyn on November 29, 2024.

• Spencer Equity Group and Rabsky Group borrowed $108.7 million from Tel Aviv Stock Exchange bondholders for N/A Union Avenue, 352 Wallabout Street, 352 Wallabout Street, 342 Wallabout Street, 342 Wallabout Street, and others, Williamsburg, Brooklyn on November 29, 2024.

• Spencer Equity Group sold 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn for $112.8 million to Canvas Investment Partners and Tokyu Land US on November 25, 2024.

• Spencer Equity Group sold N/A Concourse Village Ea, Concourse Village, Bronx for $27.1 million to Gilbane Development on December 27, 2022.

• Spencer Equity Group sold 280 East 161st Street, Concourse Village, Bronx for $40.8 million to Gilbane Development on December 27, 2022.

• Spencer Equity Group sold 101 East 165th Street, 103 East 165th Street, and 1140 Woodycrest Avenue, Highbridge, Bronx for $21.5 million to Gilbane Development on December 23, 2022.

• Spencer Equity Group sold 1105 Jerome Avenue, Highbridge, Bronx for $9.9 million to Gilbane Development on December 23, 2022.