Cheskel Schwimmer
Chess Builders
Owner
199 Lee Avenue, Pmb 103 Brooklyn, NY 11211
59 Montrose Ave #1A Brooklyn, NY 11206
Chess Builders NYC portfolio
$490 million* – industrial 50%, elevator 28%, office 21%; Brooklyn 50%, Manhattan 49%
361th largest portfolio by dollar value
156,547 sqft – industrial 40%, office 36%, elevator 23%;
1473th largest by SF
5 properties – Brooklyn 60%, Manhattan 40%
1435th largest
251 residential units – Brooklyn 86%, Manhattan 13%
781th largest by residential units
Person Activity past 24 months:
Buyer signatory: 3 for $69.9 million
Borrower signatory: 7 for $533.4 million
Developer (new building or major alteration): 31 for 519,532 square feet
Top Ten Associated Companies:
Valley National Bank (6), ConnectOne Bank (2), Parke Bank (2), Extell Development (1), Bluestone Group (1), Princeton Real Estate Partners (1), MF1 Capital (1), Haven Capital (1), Bank of Princeton (1), Kearny Bank (1)
Top Ten Associated People:
Jeffrey Puchin (3), Terence McArdle (1), William Henrich (1), Carolyn Burgess (1), Marc Gitto (1), Francis McCauley (1), Behrouz Ben Hakimian (1), Joshua Crane (1), James Ife (1), Zoltan Rosenwasser (1)
Recent activity as signatory:
• Cheskel Schwimmer borrowed $95 million from Valley National Bank for 622 11th Avenue, 555 West 45th Street, and 554 West 46th Street, Hell’s Kitchen, Manhattan on March 31, 2025.
• Chess Builders borrowed $105 million from Valley National Bank for 355 East 86th Street, Yorkville, Manhattan on March 12, 2025.
• Chess Builders borrowed $79 million from S3 Capital for 250 West 49th Street, Midtown West, Manhattan on January 22, 2025.
• Hakimian Organization sold 244 West 49th Street, Midtown West, Manhattan for $30 million to Chess Builders on January 17, 2025.
• Chess Builders borrowed $7.2 million from Parke Bank for 279 Mc Kibbin Street, East Williamsburg, Brooklyn on December 30, 2024.
• Chess Builders borrowed $7.2 million from Parke Bank for 55 North 9th Street, Williamsburg, Brooklyn on December 24, 2024.
• Chess Builders borrowed $170 million from MF1 Capital for 218 Front Street, Vinegar Hill, Brooklyn on October 29, 2024.
• Cheskel Schwimmer filed plans for new building for 10,853 sqft in Williamsburg, Brooklyn, on September 13, 2024.
• Cheskel Schwimmer filed plans for new building for 53,307 sqft in Manhattan, on May 23, 2024.
• Cheskel Schwimmer borrowed $70 million from Valley National Bank for 616 11th Avenue, Hell’s Kitchen, Manhattan on April 02, 2024.
Latest Stories:
• 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)
• Chess Builders files plans for 99-unit building on First Avenue in Yorkville (November 25, 2024)
• Cheskel Schwimmer’s Chess Builders files plans for 132 units in Hell’s Kitchen (March 25, 2024)