Joel Gluck

Owner

Joel Gluck NYC portfolio

$1.9 million* – development 100%; Brooklyn 100%, Manhattan 0%

6312th largest portfolio by dollar value

Person Activity past 24 months:

Seller signatory: 1 for $112.8 million

Borrower signatory: 3 for $315.5 million

Top Ten Associated People:

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

Recent activity as signatory:

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.

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.

Richard J. Ivani sold N/A 58th Street, Borough Park, Brooklyn for $1.9 million to Joel Gluck on February 21, 2023.

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 2363 Southern Boulevard, Belmont/Little Italy, Bronx for $8.2 million to Gilbane Development on December 23, 2022.

Joel Gluck borrowed $11.2 million from New York Community Bank for 103 East 165th Street, 101 East 165th Street, and 1140 Woodycrest Avenue, Highbridge, Bronx on October 25, 2021.

Park Management borrowed $34 million from Santander Bank for 769 St Marks Avenue, Crown Heights, Brooklyn on October 08, 2021.

Spencer Equity Group borrowed $15 million from Customers Bank for 463 Watkins Street, Brooklyn, Brooklyn on June 01, 2021.

Latest Stories:

• Canvas, Tokyu sign $60M refi with MUFG Bank in Downtown Brooklyn (March 07, 2025)

• Spencer Equity, Rabsky sign $267M refi for five rentals in Williamsburg (December 02, 2024)

• Canvas, Tokyu Land pays $112.8M for 150-unit rental in Downtown Brooklyn, Tokyu lends $57M (November 26, 2024)

• Gilbane Development plans 266-unit shelter in Concourse Village (December 29, 2023)

• Gilbane Settlement Housing sign $74M loan with Systima Capital for rentals in Bronx (January 10, 2023)

• Gilbane Development buys Bronx affordable rentals from Spencer Equity valued at $39.6M, part of $107.5M portfolio (December 27, 2022)

• Rabsky Group signs $215M construction loan with Bank Leumi for projects in Williamsburg (March 22, 2022)

• Phoenix Realty pays Joel Gluck’s Spencer Equity $91M for eight rentals in Soundview (October 05, 2021)

• Joel Gluck signs $15M refi with Customers Bank for rental in Brownsville (June 02, 2021)

• Joel Gluck borrows $27.6M from Berkadia for property in Bronx (January 05, 2021)

Properties:

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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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