Michael Barry
CB Developers
CB Developers|SK Development|Ironstate Development|CBSK Ironstate|Ironstate Holdings 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
Top Ten Associated Companies:
Bank of America (1), M&T Bank (1)
Top Ten Associated People:
Jose Garcia (1), Jamie Pasqualone (1)
Recent activity as company:
• CB Developers, SK Development, Ironstate Development and CBSK Ironstate borrowed $70 million from Bank of America for 358 Bowery, NoHo, Manhattan on February 25, 2022.
• Ironstate Holdings borrowed $40 million from M&T Bank for 25 Cooper Square, East Village, Manhattan on June 15, 2021.
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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.