Second Development Services

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Second Development Services NYC portfolio

$45.2 million -condo 99%; Brooklyn 99%*

2346th largest portfolio by dollar value

89,142 sqft – condo 100%; Brooklyn 100%

2545th largest by SF

2 properties – Brooklyn 100%

3756th largest

51 residential units – Brooklyn 100%

2611th largest by residential units

3 foreclosures, 0 bankruptcies, 1 other court case.

Top Ten Associated Companies:

Silver Point Capital (1), Ares Management (1), AWH Partners (1)

Top Ten Associated People:

Michael A. Gatto (1), Keith Kooper (1)

Recent activity as company:

• Second Development Services borrowed $23 million from Ares Management for 285 Schermerhorn Street, Boerum Hill, Brooklyn on March 30, 2022.

• Second Development Services borrowed $40 million from Silver Point Capital for 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, and others, Clinton Hill, Brooklyn on January 20, 2022.

• Second Development Services sold 88 Schermerhorn Street for $13.6 million to AWH Partners on July 31, 2019.

• Second Development Services for Barbara Resnicow filed plans for new building for 39,040 sqft in Brooklyn Heights, Brooklyn, on May 22, 2015.