Charles Blaichman

CB Developers

CBSK Ironstate

CB Developers|CBSK Ironstate portfolio

$190.7 million* – condo 72%, elevator 11%; Manhattan 84%, Brooklyn 15%

320th largest portfolio by dollar value

573,287 sqft – condo 75%, elevator 10%;

551th largest by SF

14 properties – Manhattan 64%, Brooklyn 35%

617th largest

350 residential units – Manhattan 100%, Bronx 0%

586th largest by residential units

Person Activity past 24 months:

Borrower signatory: 3 for $135.7 million

Top Ten Associated People:

Jessica Fritts (1), Paul Suk (1), John Iacono (1), Jennifer R. Lewin (1), Jonathan Misher (1)

Recent activity as company:

CB Developers and SK Development borrowed $76 million from JPMorgan Chase and Citibank for 247 Metropolitan Avenue, 247 Metropolitan Avenue, 247 Metropolitan Avenue, and 247 Metropolitan Avenue, Williamsburg, Brooklyn on January 16, 2025.

CB Developers borrowed $11.4 million from Webster Bank for 48 West 14th Street, Greenwich Village, Manhattan on March 15, 2024.

CB Developers borrowed $48.3 million from Bank of America for 450 West 14th Street and 450 West 14th Street, Meatpacking District, Manhattan on December 21, 2023.

• CBSK Ironstate sold 547 West 47th Street, Hell’s Kitchen, Manhattan for $26 million to Bay Ridge Automotive Management on April 19, 2022.

CB Developers borrowed $5.4 million from Metropolitan Commercial Bank for 247 Metropolitan Avenue, Williamsburg, Brooklyn on October 13, 2021.

CB Developers borrowed $30.2 million from Citibank for 58 West 14th Street, 18 East 14th Street, 20 East 14th Street, and 17 East 13th Street, West Village, Manhattan on June 21, 2021.

CB Developers borrowed $14 million from Sterling National Bank for 48 West 14th Street, West Village, Manhattan on April 08, 2020.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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