SB Development Group

(SB Development, SBD 1 Oak Development)

700 Rockaway Tpke, Suite 204 Lawrence, NY 11559

sbdg1oak.com

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SB Development Group NYC portfolio

$255.7 million* – elevator 52.0%, industrial 46.0%; Queens 100.0%, Manhattan 0.0%

630th largest portfolio by dollar value

220,597 sqft – elevator 84.0%, industrial 15.0%;

1124th largest by SF

31 properties – Queens 100%, Manhattan 0%

307th largest

190 residential units – Queens 100.0%, Manhattan 0.0%

953th largest by residential units

Company Activity past 24 months:

Buyer company: 2 for $8.7 million

Borrower company: 5 for $157.3 million

Top Ten Associated Companies:

iCross Capital (3), Northwind Group (2), Steve S. Cheung (1), Hirshmark Capital (1), Matthew Lupoli (1), Christopher Lupoli (1), Daniel Lupoli (1), Corinne Lupoli (1), Slate Property Group (1), M&T Bank (1)

Top Ten Associated People:

Lily Guo (3), Ran Eliasaf (2), Steve S. Cheung (1), Abraham Goldman (1), Matthew Lupoli (1), Christopher Lupoli (1), Daniel Lupoli (1), Corinne Lupoli (1), Wendy LeBlanc (1)

Recent activity as company:

• Hazelton Capital Group and SB Development Group borrowed $38.7 million from M&T Bank for 29-17 40th Avenue, Long Island City, Queens on February 11, 2025.

• SB Development Group borrowed $83 million from iCross Capital for 29-26 40th Avenue, Long Island City, Queens on August 23, 2024.

• SB Development Group borrowed $16.7 million from iCross Capital for 29-24 40th Avenue, 29-15 40th Road, and 29-13 40th Road, Long Island City, Queens on November 22, 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 17, 2023.

• Matthew Lupoli sold 29-15 40th Road, Long Island City, Queens for $5.8 million to SB Development on November 17, 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 16, 2023.

• SB Development Group borrowed $13 million from iCross Capital for 29-24 40th Avenue, Long Island City, Queens on August 31, 2023.

• SB Development Group borrowed $61.7 million from Northwind Group for 41-05 29th Street, Long Island City, Queens on December 13, 2022.

• SB Development Group borrowed $12 million from Hirshmark Capital for 29-24 40th Avenue and 29-16 40th Avenue, Long Island City, Queens on August 11, 2022.

• Steve S. Cheung sold 29-24 40th Avenue and 29-16 40th Avenue, Long Island City, Queens for $19 million to SB Development Group on August 11, 2022.