Scott Shnay

Principal

(SK Development Group, CBSK Ironstate, CBSK Developers)

270 Lafayette Street, Ste. 500 New York, NY 10012

$115.6 million* – condo 81%, walkup 15%; Manhattan 60%, Brooklyn 39%

496th largest portfolio by dollar value

434,033 sqft – condo 74%, walkup 22%;

691th largest by SF

9 properties – Brooklyn 77%, Manhattan 22%

913th largest

346 residential units – Manhattan 64%, Brooklyn 35%

591th largest by residential units

SK Development often partners with CB Developers as CBSK Developers, or with CB Developers and Ironstate Development as CBSK Ironstate.

Buyer signatory: 2 for $46.8 million

Borrower signatory: 1 for $96 million

Developer (new building or major alteration): 44.0 for 285,191 square feet

Giorgio Angelini (1), Eric Schwartz (1), Jonathan M. Kaplan (1), Christopher Harris (1), Jon Tilli (1)

• Scott Shnay filed plans for new building for 27,917 sqft in Greenpoint, Brooklyn, on December 17, 2024.

• BEB Capital, SK Development, Totem and Ofer Cohen borrowed $96 million from Canyon Partners and JPMorgan Chase for 737 4th Avenue, Greenwood Heights, Brooklyn on March 29, 2024.

• Scott Shnay filed plans for new building for 173,523 sqft in Turtle Bay, Manhattan, on October 30, 2023.

• Tresser Properties sold 936 1st Avenue, Turtle Bay, Manhattan for $12.3 million to CBSK Developers on June 30, 2023.

• Giorgio Angelini sold 930 1st Avenue, Turtle Bay, Manhattan for $34.5 million to CBSK Developers on June 30, 2023.

• CBSK Ironstate, Ironstate Development, SK Development and CB Developers borrowed $166.2 million from Deutsche Bank for 547 West 47th Street, Hell’s Kitchen, Manhattan on August 29, 2022.

• Arel Capital borrowed $70 million from Madison Realty Capital for 1230 Madison Avenue, Carnegie Hill, Manhattan on June 21, 2022.

• CBSK Ironstate borrowed $70 million from Madison Realty Capital for 1228 Madison Avenue, Carnegie Hill, Manhattan on August 24, 2021.

• Scott Shnay filed plans for new building for 29,280 sqft in SoHo, Manhattan, on July 22, 2021.

• Scott Shnay filed plans for new building for 98,788 sqft in NoHo, Manhattan, on January 07, 2021.