SB Development Group
(SB Development, SBD 1 Oak Development)
700 Rockaway Tpke, Suite 204 Lawrence, NY 11559
People:
SB Development Group NYC portfolio
$260.4 million -elevator 51%, industrial 45%, walkup 1%; Queens 98%, Brooklyn 1%*
776th largest portfolio by dollar value
226,847 sqft – elevator 82%, industrial 14%, walkup 2%; Queens 97%, Brooklyn 2%
1416th largest by SF
8 properties – Queens 96%, Brooklyn 3%
1247th largest
307 residential units – Queens 97%, Brooklyn 2%
805th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $4.2 million
Borrower company: 2 for $121.7 million
Top Ten Associated Companies:
iCross Capital (3), Northwind Group (2), Hirshmark Capital (1), Slate Property Group (1), M&T Bank (1)
Top Ten Associated People:
Lily Guo (3), Ran Eliasaf (2), Abraham Goldman (1), Wendy LeBlanc (1)
Recent activity as company:
• Jonathan Holman sold 83 2 Place for $4.2 million to Charney Companies and SB Development Group on October 17, 2025.
• Hazelton Capital Group and SB Development Group borrowed $38.7 million from M&T Bank for 39-40 30 Street on February 03, 2025.
• SB Development Group borrowed $83 million from iCross Capital for 29-16 40 Avenue on August 06, 2024.
• Matthew Lupoli sold None for $5.8 million to SB Development on November 09, 2023.
• SB Development Group borrowed $16.7 million from iCross Capital for 29-16 40 Avenue on November 09, 2023.
• Christopher Lupoli, Daniel Lupoli and Corinne Lupoli sold 29-13 40th Road, Long Island City, Queens for $2.9 million to SB Development on November 09, 2023.
• SB Development Group borrowed $5.9 million from Northwind Group for 41-05 29th Street, 41-05 29th Street, 41-05 29th Street, 41-05 29th Street, 41-05 29th Street, and others, Long Island City, Queens on October 10, 2023.
• SB Development Group borrowed $13 million from iCross Capital for 29-16 40 Avenue on August 30, 2023.
• SB Development Group borrowed $61.7 million from Northwind Group for None on November 30, 2022.
• SB Development Group borrowed $12 million from Hirshmark Capital for 29-16 40 Avenue on July 28, 2022.
Latest Stories:
• Hazelton Capital, SB Development sign $38.7M refi for 103-unit rental in LIC (February 12, 2025)
• SB Development pays $8.7M for dev site in Long Island City (November 20, 2023)
• SB Development pays $19M for 132-unit dev site in Long Island City (August 11, 2022)
Properties: