Cheskel Schwimmer
Chess Builders
Owner
199 Lee Avenue, Pmb 103 Brooklyn, NY 11211
Chess Builders portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$7.4 million – industrial 100%; Brooklyn 100%, Manhattan 0%
3103th largest portfolio by dollar value
62,704 sqft – industrial 100%;
2489th largest by SF
3 properties – Brooklyn 100%, Manhattan 0%
154th largest
218 residential units – Brooklyn 100%, Manhattan 0%
582th largest by residential units
Other Links:
Person Activity past 24 months:
Buyer signatory: 2 for $39.9 million
Seller signatory: 0 for $0
Borrower signatory: 4 for $254.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 7 for 509,032 square feet
Top Ten Associated Companies:
Valley National Bank (4), ConnectOne Bank (2), Parke Bank (2), Haven Capital (1), James Ife (1), Kearny Bank (1), Zoltan Rosenwasser (1), Extell Development (1), Bluestone Group (1), Princeton Real Estate Partners (1)
Top Ten Associated People:
Terence McArdle (1), Marc Gitto (1), James Ife (1), Jeffrey Puchin (1), Francis McCauley (1), Zoltan Rosenwasser (1), William Henrich (1), Carolyn Burgess (1)
Recent activity as signatory:
• 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.
• Cheskel Schwimmer filed plans for new building for 101,102 sqft in Yorkville, Manhattan, on November 21, 2024.
• Cheskel Schwimmer filed plans for new building for 96,970 sqft in Yorkville, Manhattan, on November 21, 2024.
• Cheskel Schwimmer filed plans for new building for 10,853 sqft in Williamsburg, Brooklyn, on November 06, 2024.
• Chess Builders borrowed $170 million from MF1 Capital for 218 Front Street, Vinegar Hill, Brooklyn on October 29, 2024.
• Cheskel Schwimmer filed plans for new building for 55,370 sqft in Hell’s Kitchen, Manhattan, on September 30, 2024.
• Cheskel Schwimmer filed plans for new building for 10,853 sqft in Williamsburg, Brooklyn, on September 13, 2024.
• Cheskel Schwimmer filed plans for new building for 53,307 sqft in Manhattan, on May 23, 2024.
• Cheskel Schwimmer borrowed $70 million from Valley National Bank for 616 11th Avenue, Hell’s Kitchen, Manhattan on April 02, 2024.
Latest Stories:
• Chess Builders signs $170M refi with MF1 Capital for 218-unit Vinegar Hill rental October 30, 2024
• Cheskel Schwimmer of Chess Builders pays $6.7M for likely dev site in Williamsburg March 25, 2024
• Cheskel Schwimmer’s Chess Builders files plans for 132 units in Hell’s Kitchen March 25, 2024
• Cheskel Schwimmer pays $4.9M for likely dev site in Williamsburg October 12, 2022
• Extell, Princeton Real Estate, Robert Gans float $200M settlement for portfolio September 15, 2022