SKF Development
1144 Evergreen Ave, Bronx, NY 10472
SKF Development NYC portfolio
$335.9 million* – elevator 30.0%, condo 30.0%; Bronx 99.0%, Manhattan 0.0%
503th largest portfolio by dollar value
433,099 sqft – elevator 41%, condo 36%;
687th largest by SF
18 properties – Bronx 100%, Manhattan 0%
503th largest
697 residential units – Bronx 100%, Manhattan 0%
321th largest by residential units
Company Activity past 24 months:
Buyer company: 3 for $12.5 million
Seller company: 3 for $62.5 million
Borrower company: 8 for $149.7 million
Developer (new building or major alteration): 1 for 114,610 square feet
Top Ten Associated Companies:
Metropolitan Commercial Bank (9), Popular Bank (6), Valley National Bank (4), BX Capital (2), Joseph Del Vecchio (1), MBD Community Housing Corp (1), Poular Bank (1), Doe Fund (1), Atlantis Management Group (1), New York City Acquisition Fund (1)
Top Ten Associated People:
Ross Dahmen (6), Jay Shah (5), Sana Khaliq (2), Michael Shamah (2), Joseph Del Vecchio (1), Derrick A. Lovett (1), Richard A. Grani (1), Craig Zajac (1), Dennis Graham (1), John McDonald (1)
Recent activity as company:
• SKF Development sold 1760 Boone Avenue, East Morrisania, Bronx for $10.7 million to Joseph Del Vecchio on March 19, 2025.
• SKF Development borrowed $22.6 million from Metropolitan Commercial Bank for 1760 Boone Avenue, East Morrisania, Bronx on February 03, 2025.
• BX Capital sold 2057 Ryer Avenue and 2055 Ryer Avenue, Fordham Heights, Bronx for $5.1 million to SKF Development on December 26, 2024.
• BX Capital sold 2059 Ryer Avenue, Fordham Heights, Bronx for $398,000 to SKF Development on December 26, 2024.
• SKF Development borrowed $37.2 million from Metropolitan Commercial Bank for 2499 Sedgwick Avenue, Fordham Manor, Bronx on November 13, 2024.
• SKF Development sold 2738 Creston Avenue, Bedford Park, Bronx for $26 million to Doe Fund on September 17, 2024.
• SKF Development borrowed $9.9 million from Popular Bank for 2324 Webster Avenue, Belmont/Little Italy, Bronx on July 19, 2024.
• SKF Development sold 2468 Tiebout Avenue, Fordham Heights, Bronx for $25.8 million to MBD Community Housing Corp on July 05, 2024.
• SKF Development borrowed $9.1 million from New York City Acquisition Fund for 3083 Webster Avenue, Norwood, Bronx on May 01, 2024.
• Atlantis Management Group sold 3083 Webster Avenue, Norwood, Bronx for $7 million to SKF Development on May 01, 2024.
Latest Stories:
• SKF Development pays $5.5M to BX Capital for dev site in Fordham Heights (December 27, 2024)
• SKF Development signs $37.2M refi for 133-unit rental in Fordham Manor (November 14, 2024)
• Better Haven acquires new 58-unit, $23.6M building in Wakefield (August 14, 2024)
• Popular Bank gives $9.9M construction loan for 40-unit development in Belmont (July 22, 2024)
• MBD pays $25.8M for 57-unit building in Fordham Heights (July 08, 2024)
• SKF pays $7M to Atlantis Management Group for dev site in Norwood (May 02, 2024)
• SKF Development signs $28M refi for newly built 92-unit rental in Williamsbridge (August 17, 2022)
Properties: