Cheskel Schwimmer
(Moshe Schwimmer)
Member
Chess Builders
Owner
199 Lee Avenue, Pmb 103 Brooklyn, NY 11211
59 Montrose Ave #1A Brooklyn, NY 11206
Chess Builders NYC portfolio
$1.1 billion -industrial 41%, elevator 21%, D6 19%; Manhattan 41%, Brooklyn 38%, Bronx 19%*
210th largest portfolio by dollar value
939,782 sqft – D6 45%, elevator 24%, industrial 11%; Bronx 45%, Brooklyn 38%, Manhattan 13%
512th largest by SF
34 properties – Manhattan 36%, Queens 34%, Brooklyn 26%
279th largest
815 residential units – Bronx 52%, Brooklyn 36%, Manhattan 7%
400th largest by residential units
Person Activity past 24 months:
Buyer signatory: 4 for $99.6 million
Borrower signatory: 8 for $640.4 million
Developer (new building or major alteration): 35 for 468,296 square feet
Top Ten Associated Companies:
Valley National Bank (6), Extell Development (2), MF1 Capital (2), Gregory Pasternak (2), S3 Capital (2), ConnectOne Bank (2), Parke Bank (2), Bluestone Group (1), Princeton Real Estate Partners (1), Zoltan Rosenwasser (1)
Top Ten Associated People:
Jeffrey Puchin (3), Lucille Frumin (2), Marc Kwestel (1), Terence McArdle (1), William Henrich (1), Carolyn Burgess (1), Zoltan Rosenwasser (1), Marc Gitto (1), Jonathan Pfeil (1), Behrouz Ben Hakimian (1)
Recent activity as signatory:
• Chess Builders borrowed $52 million from S3 Capital for None on January 29, 2026.
• Gregory Pasternak sold None for $4.1 million to Chess Builders on January 28, 2026.
• Gregory Pasternak sold None for $15.5 million to Chess Builders on January 28, 2026.
• Chess Builders borrowed $125 million from MF1 Capital for 624 11 Avenue on December 15, 2025.
• Cheskel Schwimmer borrowed $95 million from Valley National Bank for 624 11 Avenue on March 19, 2025.
• Extell Development sold 1659 1 Avenue for $50 million to Chess Builders on February 28, 2025.
• Chess Builders borrowed $105 million from Valley National Bank for 1659 1 Avenue on February 28, 2025.
• Chess Builders borrowed $79 million from S3 Capital for 250 West 49 Street on January 13, 2025.
• Hakimian Organization sold 250 West 49 Street for $30 million to Chess Builders on January 13, 2025.
• Chess Builders borrowed $7.2 million from Parke Bank for 57 North 9 Street on December 11, 2024.
Latest Stories:
• Chess Builders pays $19.6M for dev site in Williamsburg (February 12, 2026)
• Chess Builders signs $38M refi for new 58-unit building in Hell’s Kitchen (December 22, 2025)
• Cheskel Schwimmer ups debt to $95M at Hell’s Kitchen dev site (April 01, 2025)
• Chess Builders pays $50M to Extell Development for dev site in Yorkville (March 07, 2025)
• Chess Builders pays $30M to Hakimian Org. for 135-unit dev site in Midtown West (January 20, 2025)