Skyward Developers

670 Myrtle Avenue, Suite 388 Brooklyn, NY 11205

People:

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Skyward Developers portfolio

$4 million* – elevator 61%, C1 33%; Bronx 100%, Manhattan 0%

4188th largest portfolio by dollar value

24,150 sqft – elevator 71%, C1 28%;

3923th largest by SF

4 properties – Bronx 100%, Manhattan 0%

2104th largest

86 residential units – Bronx 100%, Manhattan 0%

1577th largest by residential units

Company Activity past 24 months:

Borrower company: 2 for $42.6 million

Top Ten Associated Companies:

Castle Lanterra (1), JLL (1), Argentic Investment Management (1)

Top Ten Associated People:

Elie Rieder (1)

Recent activity as company:

Skyward Developers borrowed $18.6 million from Argentic Investment Management for 80 Clinton Place, 1441 Teller Avenue, and 1433 Teller Avenue, University Heights, Bronx on January 07, 2025.

Skyward Developers borrowed $24 million from Castle Lanterra for 53 East 177th Street, Mt Hope, Bronx on April 09, 2024.

Skyward Developers borrowed $7.3 million from JLL for 808 Elsmere Place, Tremont, Bronx on December 27, 2021.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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