2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Rybak Development acquired 271 Sea Breeze Ave., a development site in the Brighton Beach section of Brooklyn.
The prior owner of the site defaulted on their mortgage to Madison Realty Capital. Rybak bid for the property in 2015, but was not able to acquire the note on the property until January 2017.
“It was a long journey, but we were able to assure that they’d be able to secure control of the property by first obtaining the note and eventually the deed,” said Erik Yankelovich, for GFI Realty Services, which also arranged seller financing from Madison.
Rybak is now working with Zproekt Architecture on creating a 22-story high-rise building, with 114 luxury condos, 32,000 square feet of community facility space and 200 parking spots.