Second Development Services
People:
Second Development Services portfolio
$10.2 million* – condo 100%; Brooklyn 100%, Manhattan 0%
2640th largest portfolio by dollar value
89,142 sqft – condo 100%;
2074th largest by SF
94 properties – Brooklyn 100%, Manhattan 0%
95th largest
51 residential units – Brooklyn 100%, Manhattan 0%
2153th largest by residential units
1 foreclosure, 0 bankruptcies, 1 other court case.
Top Ten Associated Companies:
AWH Partners (1), Silver Point Capital (1), Ares Management (1)
Top Ten Associated People:
Michael A. Gatto (1), Keith Kooper (1)
Recent activity as company:
• Second Development Services borrowed $23 million from Ares Management for 285 Schermerhorn Street, Boerum Hill, Brooklyn on April 26, 2022.
• Second Development Services borrowed $40 million from Silver Point Capital for 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, 475 Washington Avenue, and others, Clinton Hill, Brooklyn on February 23, 2022.
• Second Development Services sold 88 Schermerhorn Street, Brooklyn Heights, Brooklyn for $13.6 million to AWH Partners on August 13, 2019.
Latest Stories:
• Maier Jankovits pays $11.2M to AWH Partners for dev site in Brooklyn Heights (August 11, 2022)
• AWH Partners paid $14M to Second Development Services (August 14, 2019)
• Shermerhorn Hotel, LLC obtained financing of $8M from Rerev5 LLC (August 14, 2019)
Court Records:
Properties: