Royal Builders
2250 59th St 8th floor Brooklyn, NY 11204
People:
Royal Builders NYC portfolio
$59.8 million -development 48%, V0 38%, D1 11%; Brooklyn 100%*
2073th largest portfolio by dollar value
27,905 sqft – D1 68%, development 21%, V0 10%; Brooklyn 100%
4479th largest by SF
8 properties – Brooklyn 100%
1372th largest
23 residential units – Brooklyn 100%
3635th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Borrower company: 2 for $56.5 million
Developer (new building or major alteration): 2 for 43,092 square feet
Top Ten Associated Companies:
Ponce Bank (2), Cross River Bank (1), 2250 59 Owner LLC (1), Fairbridge Asset Management (1), Investors Bank (1)
Top Ten Associated People:
Schmiley Schick (1), Steven A. Tsavaris (1)
Recent activity as company:
• Zyssel Reiner and Royal Builders borrowed $22 million from Ponce Bank for 1516 60 Street on July 01, 2026.
• Royal Builders borrowed $34.5 million from Fairbridge Asset Management for None on December 31, 2025.
• Royal Builders for Menachem Markovics filed plans for new building for 7,479 sqft in Borough Park, Brooklyn, on November 27, 2025.
• Royal Builders for Menachem Markovics filed plans for new building for 35,613 sqft in Sheepshead Bay, Brooklyn, on August 21, 2024.
• Royal Builders for Menachem Markovics filed plans for new building for 63,871 sqft in Sheepshead Bay, Brooklyn, on December 21, 2023.
• Royal Builders borrowed $15.5 million from Ponce Bank for 1006 54 Street on May 02, 2023.
• Royal Builders sold 2250 59 Street for $30 million to 2250 59 Owner LLC on December 03, 2021.
• Royal Builders for Joshua Markovics filed plans for new building for 63,523 sqft in Borough Park, Brooklyn, on October 04, 2021.
• Mitchell Hirth sold 1006 54 Street for $6.2 million to Royal Builders on September 17, 2021.
• Royal Builders for Joshua Markovics filed plans for new building for 64,817 sqft in Bensonhurst, Brooklyn, on March 26, 2021.
Latest Stories:
• Royal Builders plans 54-unit project in Sheepshead Bay (December 29, 2023)
• Royal Builders sells Borough Park office building for $30M (December 22, 2021)
• Phillip Stern signs contract to buy 75% stake in Kensington office building (April 20, 2021)
Court Records:
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