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Black Spruce Management
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02/08/19
...Clayton Powell portfolio, which the company sold to Black Spruce Management for $76 million.
The development market saw similar trends. Transaction volume hit a seven-year low...
01/30/19
...largest deal was an 11-building, 343-unit portfolio that Black Spruce Management sold for about $75 million to Camber Property Group, Belveron Partners and the city’s...
01/08/19
...selling 21 residential and retail buildings in Harlem to Black Spruce Management and NYC Housing Partnership for $76.25 million, according to sources familiar with the deal. The...
01/02/19
...out of rent stabilization after Josh Gotlib’s Black Spruce Management bought the portfolio in 2015 for $51.5 million.
The new owners will spend $4 million to renovate...
08/14/18
...and Jonas Equities acquired a Flatbush apartment building.
1) Black Spruce Management bought three contiguous properties in Little Italy for $18.3 million. The buildings, at 185-189 Hester...
02/22/18
...faded from view. Stalwarts like Treetop Development and Black Spruce Management, for example, have quieted down their shopping sprees.
“The buyers with a three-to-five-year hold...
12/22/17
...portfolio of Bronx and Brooklyn properties together from Black Spruce Management. The eight buildings—five in the Bronx and three in Brooklyn—contain 324 apartments and...
11/03/17
...and Related purchased them from Josh Gotlib’s Black Spruce Management in 2015 for $19.5 million. Black Spruce had paid $12 million for them in 2014, records show.
The...
08/22/17
...West 29th Street in Chelsea
Josh Gotlib’s Black Spruce Management secured $75 million to refinance the firm’s portfolio of Chelsea multifamily properties, according to...
07/14/17
...Fordham Heights for $45.7 million, and Josh Gotlib’s Black Spruce Management purchased an 11-building package in Belmont, East Tremont and West Farms in 2015 for $51.5 million...
06/22/17
...building at 29 Featherbed Lane, and Josh Gotlib’s Black Spruce Management purchased a 99-unit residential building in the neighborhood at 1765 Townsend Avenue for $26 million in...
06/19/17
...recently sold for $26 million to Josh Gotlib’s Black Spruce Management.
(To view more new construction projects in the Bronx, click here...
05/09/17
...Estate Partners sold it for $24 million in 2015 to Black Spruce Management, which then flipped it to Brooklyn landlord Benzion Kohn in February 2016 for $34.7 million. It...
04/20/17
...at 1765 Townsend Avenue in Mount Hope sold to Black Spruce Management for $26 million.
The single Queens transaction consisted of a $3.3 million purchase of two walk-ups...
...in contrast to rivals like Treetop Development and Black Spruce Management, and has allowed it to clear about 7,800 violations to date, said sources close to...
03/27/17
...in an $80 million, 14-building sale in Chelsea to Black Spruce Management.
Silvershore, founded in 2008, has been doing more selling than buying as of late. In...
03/22/17
...it for $24 million in 2015 to Josh Gotlib’s Black Spruce Management as part of a seven-building trade.
Westwood Realty Associates’ Steven Vegh brokered the deal...
03/16/17
...Real Estate Holdings' five-building purchase for $89 million and Black Spruce Management...
02/27/17
...buildings in Manhattan, and in April, investment firm Black Spruce Management purchased an $80 million, 14-building Chelsea portfolio from the Brock family.
At least one local...
02/23/17
...million sale of eight of the properties to Black Spruce Management, sources told The Real Deal.
The distressed properties were notably at the center of...
02/22/17
...Townsend Avenue in the Bronx
Black Spruce Management, led by Josh Gotlib, snapped up a 99-unit multifamily building in the Bronx for...
02/10/17
...the priciest trade the borough had seen since 2013.
Black Spruce Management also inked a big deal in February when it bought 1511 Sheridan Avenue for $34.7 million...
10/25/16
...of small and mid-sized deals.
Josh Gotlib’s Black Spruce Management struck the largest multifamily deal of the third quarter. The investment firm acquired a...
09/12/16
...a cluster of low-rise apartment buildings for $15.5 million. Black Spruce Management sold the five buildings for a $4 million profit a little over a year after...
08/03/16
...million, sources told The Real Deal. The seller, Black Spruce Management, is pocketing about $17 million after just buying them for $43 million last year.
The five...
- Event Sales
- Address 204 West 113rd Street
- Neighborhood Central Harlem
- Borough Manhattan
- Price $ 76,250,000
- Publication Date 01/11/2019
- Event Date 01/09/2019
- Party 1 E&M Associates
- Party 1 Brokerage Westwood Realty Associates
- Party 1 Broker Steven Vegh
- Party 2 Black Spruce Management, NYC Housing Partnership
- Party 2 Brokerage Westwood Realty
- Party 2 Broker Steven Vegh
notes
The buyer bought the Central Harlem portfolio for $76.25 million.
- Event Sales
- Address 1892 Arthur Avenue
- Neighborhood Tremont
- Borough Bronx
- Price $ 75,000,000
- Publication Date 01/06/2019
- Event Date 01/02/2019
- Party 1 Black Spruce Management
- Party 2 Camber Property Group, Belveron Partners, Department of Housing Preservation and Development
notes
The buyer acquired the Tremont portfolio for $75 million.
- Event Financing
- Address 185 Hester Street
- Neighborhood Little Italy
- Borough Manhattan
- Square feet 34,900
- Price $ 12,100,000
- Publication Date 08/20/2018
- Event Date 08/14/2018
- Party 1 Black Spruce Management
- Party 2 Signature Bank
notes
The buyer secured an acquisition loan of $12.1 million for the Little Italy portfolio.
- Event Sales
- Address 185 Hester Street
- Neighborhood Little Italy
- Borough Manhattan
- Square feet 34,900
- Price $ 18,300,000
- Publication Date 08/20/2018
- Event Date 08/14/2018
- Party 1 Garofalo family
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Robert Burton, Keegan Mehlhorn, Bobby Carrozzo
- Party 2 Black Spruce Management
notes
The buyer purchased the Little Italy portfolio for $18.3 million.
- Event Financing
- Address 341 West 19th Street, 348 West 21st Street, 310, 431, 454, 456 West 22nd Street, 326, 416-418, 466 West 23rd Street, 307, 309, 313 West 29th Street
- Neighborhood Chelsea
- Borough Manhattan
- Price $ 75,000,000
- Publication Date 10/01/2017
- Event Date 08/23/2017
- Party 1 Black Spruce Management
- Party 2 Cantor Commercial Real Estate
notes
The real estate investment firm secured $75 million to refinance this portfolio.
- Event Sales
- Address 196-11 Jamaica Avenue
- Neighborhood Hollis
- Borough Queens
- Square feet 45,000
- Price $ 15,275,000
- Price per foot $ 339.44
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 HP Jamaica Apartments Housing, BSP Jamaica
- Party 1 Brokerage Rosewood Realty Group, Black Spruce Management
- Party 1 Broker Aaron Jungreis
- Party 2 KRCM 1 Realty Corporation
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The 8 buildings with 100 residential units and 37 parking spots combined sold for $15.275 million in Hollis, Queens
- Event Sales
- Address 2320 West 12th Street
- Neighborhood Gravesend
- Borough Brooklyn
- Price $ 17,000,000
- Publication Date 10/01/2016
- Event Date 08/15/2016
- Party 1 Black Spruce Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Orbach Group
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The Section 8 portfolio sold for $17 million in a deal that includes 2322-2336 West 12th Street and 2315-2321 West 13th Street.
- Event Financing
- Address 308 West 49th Street
- Neighborhood Hell's Kitchen
- Borough Manhattan
- Square feet 136,000
- Price $ 74,900,000
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Black Spruce Management
- Party 1 Brokerage Meridian Capital Group
- Party 1 Broker Avi Weinstock
- Party 2 BankUnited
notes
The company secured a $74.9 million acquisition loan which included 340 West 49th Street.
- Event Sales
- Address 180 East 93rd Street
- Neighborhood Brownsville
- Borough Brooklyn
- Square feet 300,000
- Price $ 60,000,000
- Price per foot $ 200.00
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Black Spruce Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 BFC Partners, K&R Preservation
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The portfolio sold for $60 million and includes 86-290 East 91st Street, 185 East 92nd Street, 972 Leggett Avenue and 60-68 West 162nd Street.
- Event Sales
- Address 308 West 49th Street
- Neighborhood Hell's Kitchen
- Borough Manhattan
- Square feet 136,000
- Price $ 110,000,000
- Price per foot $ 808.82
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Orbach Group
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Black Spruce Management
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The portfolio sold for $110 million which included 340 West 49th Street.
- Event Sales
- Address 1967-1971 Marmion Avenue
- Neighborhood West Farms
- Borough Bronx
- Square feet 265,400
- Price $ 44,500,000
- Price per foot $ 167.67
- Publication Date 06/01/2016
- Event Date 05/18/2016
- Party 1 Black Spruce Management
- Party 2 Isaac Kassirer
notes
The portfolio sold for $44.5 million which includes 265-269 East 194th Street, 2391-2401 Davidson Avenue, 709-715 Fairmount Place, 1967-1971 Marmion Avenue and 51 Buchanan Place.
- Event Sales
- Address 1151 Sheridan Avenue
- Neighborhood Concourse
- Borough Bronx
- Square feet 202,418
- Price $ 34,700,000
- Price per foot $ 171.43
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Black Spruce Management
- Party 2 Benzion Kohn
notes
The rent-regulated multi-family building sold for $34.7 million.
- Event Sales
- Address 213 West 238th Street
- Neighborhood Kingsbridge
- Borough Bronx
- Square feet 106,000
- Price $ 19,300,000
- Price per foot $ 182.08
- Publication Date 09/01/2015
- Event Date 07/23/2015
- Party 1 Black Spruce Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Related Companies
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The two five and six-story buildings sold for $19.3 million. Includes 3800 Bailey Avenue.
- Event Office Leasing
- Address 276 Fifth Avenue
- Neighborhood NoMad
- Borough Manhattan
- Square feet 3,254
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 3 West 35th Co.
- Party 1 Brokerage EVO Real Estate Group
- Party 1 Broker Elliot Klein
- Party 2 Black Spruce Management
- Party 2 Brokerage EVO Real Estate Group
- Event Sales
- Address 213-217 West 238th Street
- Neighborhood Kingsbridge
- Borough Bronx
- Price $ 19,300,000
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 Black Spruce Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Related Companies
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The properties sold for $19.3 million. Includes 3800-3806 Bailey Avenue. Additional information: two buildings, 122 total residential units
- Event Sales
- Address 1899 Belmont Avenue
- Neighborhood East Tremont
- Borough Bronx
- Price $ 51,500,000
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 Alpert & Sons
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Black Spruce Management
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The 11-building package sold for $51.5 million. Includes 1898-1910 Belmont Avenue, 1892-1894 Arthur Avenue, 2082 Crotona Parkway, 2083, 2088-2090 Mohegan Avenue, 2095 Honeywell Avenue and 876 East 180th Street. Additional information: 11 buildings, 345 residential units, two retail units
- Event Sales
- Address 520 East 21st Street
- Neighborhood Ditmas Park
- Borough Brooklyn
- Square feet 103,000
- Price $ 26,500,000
- Price per foot $ 257.28
- Publication Date 04/09/2015
- Event Date 02/28/2015
- Party 1 Black Spruce Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Parkway Realty Group
- Party 2 Brokerage Rosewood Realty Group
Manhattan, 10011
416 W 23RD STREET PARTNERS 1 LLC', 416 W 23RD STREET PARTNERS 2 LLC
416 W 23RD STREET PARTNERS 1 LLC', 416 W 23RD STREET PARTNERS 2 LLC
416 West 23rd Street is a 18,079 square foot property built in 1900...
Brooklyn, 11205
Spencer Street Holdings, SPENCER STREET REALTY, LLC
Spencer Street Holdings, SPENCER STREET REALTY, LLC
The sponsor(s) filed plans on 06/18/07 for a condo project at 192 Spencer...
Brooklyn, 11205
SPENCER REALTY DEVELOPERS, LLC
SPENCER REALTY DEVELOPERS, LLC
The sponsor(s) filed plans on 01/15/08 for a condo project at 175 Spencer...
12/28/15
...rental building in Sunnyside for $27.5 million in May.
2.) Black Spruce Management collaborated with New York City’s Housing Partnership to take ownership of a 99-unit...
12/21/15
...combined 40 apartments across 20,400 square feet.
4.) Joshua Gotlib’s Black Spruce Management purchased a colorful Clinton Hill rental building for $16.4 million, or roughly $468,000 per unit. Waterton...
