Sunlight Development
201 46th St, Brooklyn, NY 11220
People:
Sunlight Development portfolio
$19 million* – retail 53%, elevator 41%; Queens 95%, Brooklyn 4%
1812th largest portfolio by dollar value
70,961 sqft – elevator 80%, retail 19%;
2359th largest by SF
6 properties – Queens 83%, Brooklyn 16%
1346th largest
100 residential units – Queens 91%, Brooklyn 9%
1437th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $74.8 million
Borrower company: 3 for $149.8 million
Top Ten Associated Companies:
S3 Capital (3), Amerasia Bank (2), Eastone Equities (1), Diane Macari (1), Michael Sklar (1), Sharan Sklar (1), Rita Sklar (1), NuVerse Advisors (1), William Chou (1), Spruce Capital (1)
Top Ten Associated People:
Joshua Crane (3), Chi-Jen Hsu (2), Stuart Lederer (1), Diane Macari (1), Michael Sklar (1), Sharan Sklar (1), Stephen Saali (1), Dov Schlein (1), Michael Becker (1), Ben Chou (1)
Recent activity as company:
• Sunlight Development borrowed $7.8 million from Amerasia Bank for 816 58th Street, Sunset Park, Brooklyn on September 11, 2024.
• William Chou sold 816 58th Street, Sunset Park, Brooklyn for $9.8 million to Sunlight Development on August 30, 2024.
• Sunlight Development borrowed $50 million from NuVerse Advisors for 89 Madison Avenue, NoMad, Manhattan on June 14, 2024.
• Michael Sklar, Sharan Sklar and Rita Sklar sold 89 Madison Avenue, NoMad, Manhattan for $65 million to Sunlight Development on June 14, 2024.
• Sunlight Development borrowed $92 million from S3 Capital for 138-28 Northern Boulevard, Flushing, Queens on May 06, 2024.
• Sunlight Development borrowed $28 million from S3 Capital for 138-28 Northern Boulevard, Flushing, Queens on October 31, 2022.
• Diane Macari sold 138-28 Northern Boulevard, Flushing, Queens for $48 million to Sunlight Development on October 31, 2022.
• Eastone Equities sold 30-55 Vernon Boulevard, N/A 30th Road, N/A 30th Road, and N/A 30th Road, Astoria, Queens for $25 million to Sunlight Development on August 31, 2022.
• Sunlight Development borrowed $5.5 million from Amerasia Bank for 135-25 Northern Boulevard, Flushing, Queens on January 26, 2022.
• Sunlight Development borrowed $8.4 million from S3 Capital for 144-69 Barclay Avenue, Flushing, Queens on January 19, 2022.
Latest Stories:
• Sunlight Development pays $9.8M for mid-construction project in Sunset Park (September 03, 2024)
• David Aboodi affiliate buys $4.98M note secured by Sunset Park dev site (June 25, 2024)
• Sunlight Dev. signs $50M loan with NuVerse affiliate for resi conversion in NoMad (June 17, 2024)
• Sunlight Dev. signs $65M contract for NoMad office, plans 70-unit conversion (June 03, 2024)
• Goodman Capital gives $23M loan for NoMad office building exiting bankruptcy (February 23, 2024)
• NuVerse, Sunlight submit $161M condo plan for 122 units in Astoria (November 21, 2023)
Properties: