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SK and CB Developers Receive $36.1M for UWS Project

Developers Scott Shnay and Charles Blaichman obtained construction financing for a mixed-use project at 214 W. 72nd St.

214 W. 72nd St. 214 W. 72nd St.

NEW YORK CITY—A partnership between Scott Shnay of SK Development and Charles Blaichman of CB Developers is constructing a 21-story, 38,000 square-foot, residential and retail building at 214 W. 72nd St. between Broadway and West End Avenue. The developers plan to tear down the five-story, vacant building currently on the site and to create a residential condominium occupying the second through 21st floors, plus ground-floor retail.

Shnay and Blaichman received a $36.1 million construction loan from Madison Realty Capital. It will refinance the existing debt, fund construction costs and cover all other expenses associated with developing the project.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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