Joel Gluck

Spencer Equity Group

Owner

522 Lefferts Ave # C Brooklyn, NY 11225

Joel Gluck

Spencer Equity Group|Joel Gluck NYC portfolio

$744.8 million -development 35%, elevator 23%, specialty 19%; Brooklyn 53%, Manhattan 43%, Bronx 3%*

312th largest portfolio by dollar value

788,577 sqft – elevator 65%, walkup 20%, mixed-use 11%; Brooklyn 71%, Bronx 18%, Manhattan 10%

583th largest by SF

27 properties – Brooklyn 77%, Manhattan 17%, Bronx 5%

373th largest

898 residential units – Brooklyn 74%, Bronx 19%, Manhattan 6%

363th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Notes

Joel Gluck leads Spencer Equity Group.

Person Activity past 24 months:

Seller signatory: 1 for $112.8 million

Borrower signatory: 5 for $401.9 million

Top Ten Associated Companies:

Signature Bank (4), Berkadia Commercial Mortgage (3), Gilbane Development (2), Tel Aviv Stock Exchange bondholders (2), Santander Bank (2), New York Community Bank (2), Canvas Investment Partners (1), Tokyu Land US (1), Webster Bank (1), Richard J. Ivani (1)

Top Ten Associated People:

Fazeela Siddiqui (2), Hillel Lazarus (2), Matthew P. Lawrence (1), Robert Morgenstern (1), Amy Jesperger (1), Megan Mather (1), Ari Klein (1), Richard J. Ivani (1), John Feijoo (1)

Recent activity as signatory:

• Spencer Equity Group borrowed $50 million from Webster Bank for 165 North 6 Street on November 03, 2025.

• Spencer Equity Group borrowed $36.4 million from Berkadia Commercial Mortgage for 1125 Anderson Avenue on July 25, 2025.

• Spencer Equity Group and NYC Housing Partnership borrowed $48.4 million from Berkadia Commercial Mortgage for 3528 Mermaid Avenue on February 28, 2025.

• 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 14, 2024.

• Spencer Equity Group and Rabsky Group borrowed $108.7 million from Tel Aviv Stock Exchange bondholders for 6 Union Avenue on November 07, 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 07, 2024.

• Richard J. Ivani sold 1171 58 Street for $1.9 million to Joel Gluck on February 14, 2023.

• Spencer Equity Group sold 310 East 161 Street for $27.1 million to Gilbane Development on December 08, 2022.

• Spencer Equity Group sold 2363 Southern Boulevard for $8.2 million to Gilbane Development on December 08, 2022.

• Park Management borrowed $34 million from Santander Bank for 1176 Bergen Street on September 14, 2021.