Sky Management
People:
Sky Management portfolio
$168.1 million* – walkup 53%, elevator 41%; Manhattan 100%, Bronx 0%
358th largest portfolio by dollar value
501,251 sqft – elevator 51%, walkup 46%;
610th largest by SF
27 properties – Manhattan 100%, Bronx 0%
363th largest
699 residential units – Manhattan 100%, Bronx 0%
323th largest by residential units
Company Activity past 24 months:
Buyer company: 4 for $41.5 million
Seller company: 2 for $64.8 million
Borrower company: 5 for $108.3 million
Top Ten Associated Companies:
M&T Bank (5), Naftali Group (2), Signature Bank (2), Citizens Bank (2), Kushner Companies (2), Santander Bank (1), First Republic Bank (1), New York Community Bank (1), Time Equities (1), Metropolitan Commercial Bank (1)
Top Ten Associated People:
Michael Naftali (2), Hunter Noah (2), Matthew Burrows (2), Gail Naviasky (1), William G. Krejci (1), Rosetta Collins Stewart (1), John Feijoo (1), Francis Greenburger (1), Vivek Baid (1), Ross Dahmen (1)
Recent activity as company:
• Sky Management borrowed $7.3 million from Citizens Bank for 318 East 11th Street and 99 East 7th Street, East Village, Manhattan on November 21, 2024.
• Kushner Companies sold 318 East 11th Street, East Village, Manhattan for $7.6 million to Sky Management on November 21, 2024.
• Kushner Companies sold 99 East 7th Street, East Village, Manhattan for $3.6 million to Sky Management on November 21, 2024.
• Sky Management borrowed $7.7 million from Citizens Bank for 305 Broome Street, Lower East Side, Manhattan on September 30, 2024.
• SMA Equities sold 305 Broome Street, Lower East Side, Manhattan for $11.8 million to Sky Management on September 30, 2024.
• Sky Management borrowed $13.9 million from ConnectOne Bank for 421 West 21st Street, Chelsea, Manhattan on September 19, 2024.
• Madison Realty Capital sold 421 West 21st Street, Chelsea, Manhattan for $18.5 million to Sky Management on September 19, 2024.
• Sky Management sold 1394 York Avenue, Lenox Hill, Manhattan for $62.6 million to Fetner Properties and Stockbridge Capital Group on July 11, 2024.
• Sky Management borrowed $70 million from M&T Bank for 511 East 86th Street, Yorkville, Manhattan on January 17, 2024.
• Sky Management sold 226 East 81st Street, Yorkville, Manhattan for $2.2 million to Sheila Hyman on July 11, 2023.
Latest Stories:
• Naftali signs $140M construction loan for 62-unit condo project in Lenox Hill (November 29, 2024)
• Sky Management pays $11.2M to Kushner for 31 units in East Village (November 22, 2024)
• Fetner, Stockbridge pay $62.6M to Sky Management for 82-unit rental in Lenox Hill (July 12, 2024)
• SMA Equities signs $17.4M refi with Societe Generale for two LES walkups (November 21, 2023)
• Sky Management pays $17M to Time Equities for 23-unit walkup in Greenwich Village (June 22, 2022)
• Naftali Group pays $72.6M to Sky Management for likely dev site in Lenox Hill (January 13, 2022)
• Sky Management signs $70M refi with MF1 Capital for rental in Yorkville (June 28, 2021)
Properties: