Granit Gjonbalaj
Ceo
Spaxel
Developer, Owner
228 Park Avenue South, #30194 New York, New York 10003
Spaxel NYC portfolio
$197.6 million -D7 31%, development 30%, D1 17%; Bronx 100%*
966th largest portfolio by dollar value
78,883 sqft – elevator 63%, D1 11%, D3 10%; Bronx 100%
2711th largest by SF
18 properties – Bronx 100%
557th largest
1,139 residential units – Bronx 100%
294th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Borrower signatory: 4 for $72.3 million
Top Ten Associated Companies:
Metropolitan Commercial Bank (4), First-Citizens Bank & Trust Company (4), CBRE Investment Management (4), Spaxel (4), Atalaya Capital Management (3), JLL (1), 3254 Parkside Realty LLC (1), Unity Bank (1), Yitzchok Weinberg (1), Atalaya Capital (1)
Top Ten Associated People:
Granit Gjonbalaj (4), Jay Shah (2), Ross Dahmen (1), Craig Oram (1), Robert J. Teitelbaum (1), Karen Klotz (1), Yitzchok Weinberg (1), Joseph Wenk (1)
Recent activity as signatory:
• Spaxel borrowed $16.1 million from Metropolitan Commercial Bank for 1745 West Farms Road on March 18, 2026.
• Spaxel borrowed $32.6 million from JLL for 1824 Anthony Avenue on December 11, 2025.
• Spaxel borrowed $6.2 million from Unity Bank for 929 Dawson Street on September 16, 2024.
• Spaxel borrowed $17.4 million from Metropolitan Commercial Bank for 1731 West Farms Road on September 09, 2024.
• Spaxel borrowed $28.9 million from Metropolitan Commercial Bank for None on October 23, 2023.
• CBRE Investment Management, Spaxel and Atalaya Capital borrowed $13.5 million from First-Citizens Bank & Trust Company for None on May 10, 2023.
• Spaxel and Atalaya Capital Management sold None for $1.9 million to CBRE Investment Management, Spaxel and Atalaya Capital on May 10, 2023.
• CBRE Investment Management, Spaxel and Atalaya Capital Management borrowed $17.3 million from First-Citizens Bank & Trust Company for None on April 28, 2023.
• CBRE Investment Management, Spaxel and Atalaya Capital Management borrowed $13.8 million from First-Citizens Bank & Trust Company for 1751 Monroe Avenue on April 28, 2023.
• CBRE Investment Management, Spaxel and Atalaya Capital Management borrowed $19.8 million from First-Citizens Bank & Trust Company for None on April 28, 2023.
Latest Stories:
• Spaxel signs $32.6M refi with JLL for 128-unit rental in Mt Hope (December 19, 2025)
• Spaxel signs $28.9M construction loan for 128-unit project in Mt Hope (November 01, 2023)
• Joel Wieder pays $5.7M to Spaxel for dev site in Fordham Heights (August 03, 2023)
• $5.7M dev site contract in Bronx falls through (June 29, 2023)
• CBRE, Spaxel, Atalaya sign $13.5M construction loan for 46-unit project in Bronx (May 23, 2023)
• Spaxel sells Norwood rental for $16.1M (November 24, 2021)
Court Records: