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.

Court Records:

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