Skyline Developers

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Skyline Developers NYC portfolio

$859.2 million* – elevator 33%, office 30%, development 22%; Manhattan 96%, Brooklyn 3%

204th largest portfolio by dollar value

1,318,407 sqft – elevator 48%, office 26%, mixed-use 16%;

268th largest by SF

20 properties – Manhattan 95%, Brooklyn 5%

367th largest

711 residential units – Manhattan 100%

345th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $43 million

Borrower company: 1 for $18 million

Top Ten Associated Companies:

Maria Armendariz (3), JPMorgan Chase (1), Benchmark Real Estate Group (1), Goldman Sachs (1), University Club (1)

Top Ten Associated People:

Maria Armendariz (3), Richard Napolitano (1), Jordan Vogel (1), Michael T. Seeley (1), David Lifson (1), Martin L. Budd (1)

Recent activity as company:

Skyline Developers borrowed $18 million from JPMorgan Chase for 41 Broad Street, Financial District, Manhattan on April 29, 2025.

Skyline Developers sold 194 East 2nd Street, Alphabet City, Manhattan for $43 million to Benchmark Real Estate Group on April 22, 2024.

Skyline Developers borrowed $135.2 million from Goldman Sachs for 12 West 55th Street, 14 West 55th Street, 16 West 55th Street, 18 West 55th Street, and 10 West 55th Street, Midtown West, Manhattan on March 22, 2023.

Maria Armendariz sold 185 East 80th Street, Carnegie Hill, Manhattan for $16.7 million to Skyline Developers on October 11, 2022.

Maria Armendariz sold 1416 3rd Avenue and 1412 3rd Avenue, Carnegie Hill, Manhattan for $16.7 million to Skyline Developers on October 11, 2022.

Maria Armendariz sold 1410 3rd Avenue, Carnegie Hill, Manhattan for $16.7 million to Skyline Developers on October 11, 2022.

• University Club sold 10 West 55th Street, Midtown West, Manhattan for $0 to Skyline Developers on December 13, 2021.

Skyline Developers for Leonard Wilf filed plans for new building for 152,689 sqft in Midtown West, Manhattan, on May 08, 2020.

Skyline Developers for Leonard Wilf filed plans for new building for 54,367 sqft in Garment District, Manhattan, on December 17, 2014.

Latest Stories:

• Benchmark Real Estate pays $43M to Skyline Developers for 61-unit rental in Alphabet City (April 29, 2024)

• Skyline Developers signs $135.2M loan with Goldman Sachs for 96-unit dev site in Midtown West (April 04, 2023)

• Skyline Developers pays $50M for 4-parcel corner dev site in Carnegie Hill (October 13, 2022)

• Skyline Developers to pay University Club to build 10-feet higher in Midtown West (January 17, 2022)

• Northeast Bank refis $7M loan for 36 rental units on the Upper East Side (November 23, 2020)

• Leonard Wilf’s Garden Homes files plans a 152K sf mixed-use building in Plaza District. (May 11, 2020)

• Leonard Wilf’s Garden Homes borrows $20M from Capital One to refi prep school property in Financial District (May 07, 2020)

• Wilf family pays $11M for Midtown parcel (August 19, 2019)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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