Rybak Development

People:

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Rybak Development portfolio

$82.1 million* – condo 55.0%, retail 17.0%; Brooklyn 55.0%, Manhattan 33.0%

661th largest portfolio by dollar value

296,412 sqft – condo 64.0%, elevator 12.0%;

909th largest by SF

14 properties – Manhattan 50%, Brooklyn 42%

622th largest

326 residential units – Brooklyn 52.0%, Queens 30.0%

614th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $26 million

Seller company: 3 for $10.7 million

Borrower company: 5 for $149.3 million

Top Ten Associated People:

Declan P. Meagher (2), Christopher D’Amato (1), Victor Brown (1), James Biagi (1), Christian Daglieri (1), Mitchel Maidman (1), Sharon Raz (1), Eli Fouerti (1), Victor Brown Jr. (1), Ezra Shabot (1)

Recent activity as company:

• Rybak Development sold 101 East 2nd Street, East Village, Manhattan for $3.6 million to Rybak Development on September 10, 2024.

• Rybak Development borrowed $52 million from Emerald Creek Capital for 656-660 Lexington Avenue, Midtown East, Manhattan on August 21, 2024.

• Rybak Development sold 1414 West 4th Street, Bensonhurst, Brooklyn for $4.3 million to Ezra Shabot on July 08, 2024.

• Rybak Development for Sergey Rybak filed plans for new building for 41,142 sqft in Grand Central, Manhattan, on June 14, 2024.

• Rybak Development borrowed $10.1 million from Valley National Bank for 124 East 86th Street, Carnegie Hill, Manhattan on April 30, 2024.

• Rybak Development for Sergey Rybak filed plans for new building for 34,524 sqft in Yorkville, Manhattan, on January 30, 2024.

• Rybak Development borrowed $71 million from Valley National Bank for N/A 78th Avenue, Forest Hills, Queens on January 19, 2024.

• Rybak Development borrowed $6.3 million from Maxim Capital Group for 1530 York Avenue and 502 East 81st Street, Yorkville, Manhattan on January 10, 2024.

• Sapir Organization sold 218 Madison Avenue, Grand Central, Manhattan for $12 million to Rybak Development on December 20, 2023.

• Rybak Development sold 333 East 82nd Street, Yorkville, Manhattan for $2.8 million to Eli Fouerti on November 02, 2023.

Latest Stories:

• Rybak signs $52M construction loan with Emerald Creek for 31-unit condo project in Midtown East (August 22, 2024)

• Ezra Shabot pays $4.3M to Rybak Development for commercial condo in Bensonhurst (July 09, 2024)

• Rybak Development files DOB plans for 26-unit building in Grand Central (June 21, 2024)

• Namdar, Klosed, partners, sign $147.1M refi for 20 properties in NYC (June 06, 2024)

• Rybak Development plans 9-unit building in Yorkville (February 11, 2024)

• Rybak signs $71M construction loan for $166M condo project in Forest Hills (January 22, 2024)

• Rybak Development pays $12M to Sapir for retail building in Grand Central (December 21, 2023)

• Klosed, Namdar, Silber sign $14.6M loan extension with Ladder Capital for two walkups in Manhattan (November 27, 2023)

• Rybak Development pays $10.4M to Townhouse Management for dev site in Yorkville (July 06, 2023)

• Rybak Development signs $10M construction loan with Maxim in Midtown East (June 08, 2023)

Court Records:

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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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