CB Developers

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CB Developers NYC portfolio

$337.3 million -condo 52%, mixed-use 14%, Q1 14%; Manhattan 57%, Brooklyn 27%, Queens 14%*

641th largest portfolio by dollar value

562,357 sqft – condo 77%, elevator 11%, Q1 8%; Manhattan 71%, Brooklyn 19%, Queens 8%

756th largest by SF

9 properties – Manhattan 57%, Brooklyn 35%, Queens 7%

1121th largest

292 residential units – Manhattan 100%

854th largest by residential units

Company Activity past 24 months:

Seller company: 3 for $24.7 million

Borrower company: 2 for $113.2 million

Top Ten Associated Companies:

JPMorgan Chase (2), Bank of America (2), Citibank (2), Adam Ibrahim (1), G4 Capital Partners (1), Deutsche Bank (1), Webster Bank (1), City Urban Realty (1), Allegiant Real Estate Capital (1), Ashley Sabina Peled (1)

Top Ten Associated People:

Jennifer R. Lewin (2), Adam Ibrahim (1), Jason Behfarin (1), Christopher Harris (1), Jon Tilli (1), Jose Garcia (1), Jonathan Misher (1), Paul Suk (1), Michael Alvandi (1), Randy Reiff (1)

Recent activity as company:

• CB Developers and SK Development sold 591 3rd Avenue, Murray Hill, Manhattan for $6.2 million to Corum Asset Management on March 20, 2026.

• MacArthur Holdings and CB Developers ground leased 49 West 13 Street valued at $12.8 million to Ashley Sabina Peled on December 05, 2025.

• SK Development and CB Developers borrowed $37.2 million from Allegiant Real Estate Capital for Jacob riis park on October 29, 2025.

• Madison Realty Capital, SK Development and CB Developers sold 186 Spring Street for $5.6 million to City Urban Realty on September 19, 2025.

• CB Developers and SK Development borrowed $76 million from JPMorgan Chase and Citibank for 247 Metropolitan Avenue, 247 Metropolitan Avenue, 247 Metropolitan Avenue, and 247 Metropolitan Avenue, Williamsburg, Brooklyn on December 30, 2024.

• CB Developers borrowed $11.4 million from Webster Bank for 49 West 13 Street on March 13, 2024.

• CB Developers borrowed $48.3 million from Bank of America for 450 West 14th Street and 450 West 14th Street, Meatpacking District, Manhattan on December 12, 2023.

• CB Developers sold 208 East 14th Street, None, Manhattan for $2.7 million to Adam Ibrahim on June 30, 2023.

• CB Developers for Avrohom Prager filed plans for major alteration in SoHo, Manhattan, on September 19, 2022.

• SK Development, CB Developers and Madison Realty Capital borrowed $38 million from G4 Capital Partners for 186 Spring Street on September 14, 2022.