Isaac Kassirer

Emerald Equity Group

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Emerald Equity Group NYC portfolio

$402.8 million* – walkup 62.0%, elevator 37.0%; Manhattan 62.0%, Bronx 37.0%

421th largest portfolio by dollar value

1,206,560 sqft – walkup 59%, elevator 40%;

276th largest by SF

49 properties – Manhattan 55%, Bronx 44%

190th largest

1,441 residential units – Manhattan 62%, Bronx 37%

159th largest by residential units

45 foreclosures, 0 bankruptcies, 7 other court cases.

Top Ten Associated Companies:

Sabal Capital Partners (4), Cedarbridge Management (3), Tweed Capital (1), Sabal Capital Group (1)

Top Ten Associated People:

Mark Irgang (1)

Recent activity as signatory:

Emerald Equity Group borrowed $0 from Cedarbridge Management for 312 West 114th Street, Harlem, Manhattan on December 23, 2022.

Emerald Equity Group borrowed $0 from Cedarbridge Management for 320 Manhattan Avenue, Harlem, Manhattan on December 23, 2022.

Emerald Equity Group borrowed $0 from Cedarbridge Management for 350 Manhattan Avenue, Harlem, Manhattan on December 23, 2022.

Emerald Equity Group borrowed $7 million from Tweed Capital for 47 West 71st Street, 41 West 89th Street, and 42 West 88th Street, Lincoln Square, Manhattan on January 22, 2021.

Emerald Equity Group borrowed $14.4 million from Sabal Capital Partners for 1071 Franklin Avenue, 1134 West Farms Road, 2224 Lyon Avenue, 810 Ritter Place, Morrisania, Bronx on November 04, 2019.

Emerald Equity Group borrowed $14.7 million from Sabal Capital Partners for 441 East 187th Street, 440 East 187th Street, 1202 Spofford Avenue, Tremont, Bronx on November 04, 2019.

Emerald Equity Group borrowed $14.8 million from Sabal Capital Partners for 214 East 168th Street, 773 Melrose Avenue, 1235 Morris Avenue, Longwood Melrose, Bronx on October 31, 2019.

Emerald Equity Group borrowed $11.9 million from Sabal Capital Partners for 801 Freeman Street, 741 Hunts Point Avenue, Morrisania, Bronx on October 31, 2019.

Emerald Equity Group borrowed $14.3 million from Sabal Capital Group for 3038 Holland Avenue, 2120 Crotona Avenue, 1473 Fulton Avenue, 2150 Crotona Parkway, 620 Manida Street, Bronxwood, Bronx on October 29, 2019.

Latest Stories:

• Black Spruce, Orbach sign $290.6M refi with Apollo, RXR for 408-unit rental in Murray Hill (February 06, 2025)

• $9.3M note sold secured by two former Emerald Equity rentals in Bushwick (August 27, 2024)

• Courts roundup: two pre-foreclosures totaling $13.5M (March 06, 2024)

• Lender files $98M pre-foreclosure at 25 one-time Emerald Equity rentals (December 14, 2023)

• $11.9M pre-foreclosure at one-time Emerald Equity rentals (December 13, 2023)

• $8M pre-foreclosure filed against one-time Emerald Equity rentals in Bronx (October 22, 2023)

• Emerald Equity loses 4 Harlem buildings through foreclosure to lender Ladder Capital (September 25, 2023)

• $45.75M notes sold on Harlem rentals Emerald Equity Group refinanced in 2017 (December 27, 2022)

• Black Spruce, Orbach Affordable pay $387.5M to Solow in Murray Hill, part of $1.8B deal (September 30, 2022)

• Black Spruce pays $6.9M to John Schreiber for 3 rentals in Manhattan (December 10, 2020)

Court Records:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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