Chess Builders
199 Lee Avenue, Pmb 103 Brooklyn, NY 11211
59 Montrose Ave #1A Brooklyn, NY 11206
People:
Chess Builders portfolio
$14 million* – industrial 52%, office 47%; Brooklyn 52%, Manhattan 47%
2199th largest portfolio by dollar value
120,310 sqft – industrial 52%, office 47%;
1698th largest by SF
4 properties – Brooklyn 75%, Manhattan 25%
1896th largest
218 residential units – Brooklyn 100%, Manhattan 0%
835th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $30 million
Borrower company: 4 for $263.4 million
Top Ten Associated Companies:
Parke Bank (2), Valley National Bank (1), Haven Capital (1), MF1 Capital (1), Hakimian Organization (1), S3 Capital (1)
Top Ten Associated People:
Terence McArdle (1), Marc Gitto (1), Carolyn Burgess (1), Behrouz Ben Hakimian (1), Joshua Crane (1)
Recent activity as company:
• 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 for Cheskel Schwimmer filed plans for new building for 101,102 sqft in Yorkville, Manhattan, on November 21, 2024.
• Chess Builders for Cheskel Schwimmer filed plans for new building for 96,970 sqft in Yorkville, Manhattan, on November 21, 2024.
• Chess Builders borrowed $170 million from MF1 Capital for 218 Front Street, Vinegar Hill, Brooklyn on October 29, 2024.
• Chess Builders for Cheskel Schwimmer filed plans for new building for 55,370 sqft in Hell’s Kitchen, Manhattan, on September 30, 2024.
• Chess Builders for Cheskel Schwimmer filed plans for new building for 10,853 sqft in Williamsburg, Brooklyn, on September 13, 2024.
• Chess Builders for Cheskel Schwimmer filed plans for new building for 53,307 sqft in Manhattan, on May 23, 2024.
Latest Stories:
• Chess Builders pays $30M to Hakimian Org. for 135-unit dev site in Midtown West (January 20, 2025)
• Cheskel Schwimmer pays $4.9M for likely dev site in Williamsburg (October 12, 2022)
• Haven Capital pays $107.4M to Cheskel Schwimmer for three properties in Mott Haven (May 23, 2022)
• Urban Realty Partners pays $48.5M for dev site in Brooklyn Navy Yard (November 09, 2021)
Properties: