Blue Sky Builders
(Blue Sky Developers, Blue Shine Builders)
365 Flushing Ave. Brooklyn, NY 11205
670 Myrtle Avenue, Suit 6367 Brooklyn NY 11205
People:
Blue Sky Builders NYC portfolio
$160.6 million -industrial 83%, specialty 12%, condo 3%; Brooklyn 68%, Bronx 28%, Manhattan 3%*
1123th largest portfolio by dollar value
27,780 sqft – industrial 66%, condo 33%; Brooklyn 66%, Manhattan 33%
4490th largest by SF
5 properties – Brooklyn 60%, Manhattan 20%, Bronx 20%
1883th largest
214 residential units – Brooklyn 53%, Bronx 46%
1113th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Notes
Blue Sky Builders is not related to Bluesky Group, which is a division of Klosed Properties. Blue Sky Builders also uses the name Blue Sky Developers and Blue Shine Builders.
Company Activity past 24 months:
Seller company: 1 for $3.5 million
Borrower company: 5 for $218.5 million
Developer (new building or major alteration): 13 for 375,565 square feet
Top Ten Associated Companies:
Wells Fargo (1), Parke Bank (1), May Kwok Leung (1), Bank Hapoalim (1), Popular Bank (1), S3 Capital (1)
Top Ten Associated People:
Anthony J. Boucino (1), Renee L. D’Orazio (1), May Kwok Leung (1), Travis Schelhorn (1), Joshua Crane (1)
Recent activity as company:
• Blue Sky Builders for Hershy Silberstein filed plans for new building for 33,167 sqft in Wakefield, Bronx, on June 22, 2026.
• Blue Sky Builders borrowed $102 million from S3 Capital for 311 West 43rd St, 311 West 43rd Street, and 311 West 43rd Street, Hell’s Kitchen, Manhattan on June 18, 2026.
• Blue Sky Builders for Hershy Silberstein filed plans for new building for 81,582 sqft in Gowanus, Brooklyn, on May 21, 2026.
• Blue Sky Builders borrowed $24 million from Bank Hapoalim for None on May 13, 2026.
• Blue Sky Builders borrowed $43 million from Popular Bank for 224 3 Avenue on January 28, 2026.
• Blue Sky Builders sold 441 Myrtle Avenue for $3.5 million to May Kwok Leung on November 13, 2025.
• Blue Sky Builders and Duvid Goldberger borrowed $15.5 million from Parke Bank for 90 Berriman Street on October 30, 2025.
• Blue Sky Builders borrowed $34 million from Wells Fargo for 806 East 170 Street on June 10, 2025.
• Blue Sky Builders for Hershy Silberstein filed plans for new building for 40,260 sqft in Mott Haven, Bronx, on March 24, 2025.
• Blue Sky Builders for Hershy Silberstein filed plans for new building for 48,070 sqft in Allerton, Bronx, on March 17, 2025.
Latest Stories:
• David Werner pays $42M to DivcoWest for office in Hell’;s Kitchen (June 30, 2026)
• Blue Sky Builders signs $43M construction loan for 82-unit project in Gowanus (February 10, 2026)
• Blue Sky Builders signs $34M refi for new 100-unit building in East Morrisania (July 14, 2025)
• Hershy Silberstein pays $16.5M to Slate for dev site in Gowanus (March 03, 2025)
• Hershy Silberstein signs $30.4M construction loan in East Morrisania (May 31, 2024)
• Hershy Silberstein pays $2.1M for mixed-use in Clinton Hill (May 31, 2022)
Court Records:
Properties:
