Abram Shnay
SK Development
(CBSK Developers, CBSK Ironstate, SK Development Group)
270 Lafayette Street, Ste. 500 New York, NY 10012
SK Development NYC portfolio
$469.7 million -mixed-use 37%, condo 25%, elevator 14%; Brooklyn 53%, Manhattan 35%, Queens 11%*
479th largest portfolio by dollar value
761,585 sqft – condo 72%, walkup 14%, Q1 6%; Manhattan 65%, Brooklyn 27%, Queens 7%
631th largest by SF
13 properties – Manhattan 50%, Brooklyn 29%, Queens 20%
801th largest
853 residential units – Manhattan 63%, Brooklyn 36%
388th largest by residential units
6 foreclosures, 0 bankruptcies, 0 other court cases.
Top Ten Associated Companies:
Tredway (2), Elh Mgmt. (2), L+M Development Partners (1), JPMorgan Chase (1), First Republic Bank (1), Aareal Capital (1), Walker & Dunlop (1)
Top Ten Associated People:
Adam Sussi (2), Jacqueline Tom (2), Eben Ellertson (1), Jennifer R. Lewin (1)
Recent activity as signatory:
• AMS Realty sold 54 Fort Greene Place for $55 million to Tredway and Elh Mgmt. on June 13, 2024.
• AMS Realty sold 80 Greene Avenue for $35 million to Tredway and Elh Mgmt. on June 13, 2024.
• AMS Realty ground leased 1729 Atlantic Avenue valued at $28.1 million to L+M Development Partners on November 07, 2023.
• SK Development and CB Developers borrowed $45.6 million from JPMorgan Chase for 40 Gansevoort Street on November 17, 2021.
• SK Development borrowed $5 million from First Republic Bank for 266 Bushwick Avenue on December 03, 2020.
• SK Development borrowed $44.5 million from Aareal Capital for 40 Gansevoort Street on June 12, 2020.
• AMS Realty borrowed $25 million from Walker & Dunlop for 564 Belmont Avenue on March 31, 2020.
Latest Stories:
• L+M proposes 1.9M sf mixed-use project with more than 2,000 units in Bed Stuy (January 21, 2026)
• Tredway and ELH Mgmt. pay $90M to AMS Realty for four rentals in Fort Greene (June 27, 2024)
• CBSK signs $45.6M refi loan with JPMorgan for office building in West Village (February 03, 2022)
• Gerald Sussman borrows $15M from First Republic Bank for property in West Village (June 30, 2020)
