SK Development
(SK Development Group, CBSK Ironstate, CBSK Developers)
270 Lafayette Street, Ste. 500 New York, NY 10012
People:
SK Development portfolio
$300.5 million – condo 49%, Q1 39%; Manhattan 52%, Queens 41%
196th largest portfolio by dollar value
680,364 sqft – condo 69%, walkup 15%;
466th largest by SF
22 properties – Manhattan 54%, Queens 31%
135th largest
623 residential units – Manhattan 79%, Brooklyn 19%
320th largest by residential units
Notes
SK Development often partners with CB Developers as CBSK Developers, or with CB Developers and Ironstate Development as CBSK Ironstate.
Company Activity past 24 months:
Buyer company: 2 for $46.8 million
Seller company: 0 for $0
Borrower company: 1 for $21.3 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Sarston Company (1), Giorgio Angelini (1), Tresser Properties (1), Metropolitan Commercial Bank (1), Aareal Capital (1), Deutsche Bank (1), Bay Ridge Automotive Management (1), Madison Realty Capital (1), First Republic Bank (1), 354 Bowery condominium (1)
Top Ten Associated People:
Giorgio Angelini (1), Eric Schwartz (1), John Iacono (1)
Latest Stories:
• CBSK Developers plans 86-unit building in Turtle Bay (November 01, 2023)
• CBSK Developers pays $46.8M for corner parcels in Turtle Bay (July 03, 2023)
• CBSK signs $45.6M refi loan with JPMorgan for office building in West Village (February 03, 2022)
• CBSK Ironstate borrows $7.6M from Sarston Company for LIC condo units (November 13, 2020)
• Gerald Sussman borrows $15M from First Republic Bank for property in West Village (June 30, 2020)