The Upper East Side condo project at 260 East 72nd Street has a new developer after its original equity partner exited. Sky Equity Group, led by Simon Dushinsky, is now the sole developer for the 60-unit building, which is set to launch sales in the coming weeks through Douglas Elliman Development Marketing. Maya Kadouri, who previously sold developments like 200 East 62nd Street and Manhattan House at 200 East 66th Street, will lead the sales team alongside Barbara Russo and Gezelle Javaheri.
The project’s shift in leadership follows the departure of the Chetrit Group, which had partnered with Dushinsky on the site. Chetrit spent years assembling the parcels for the development, including purchasing a $47 million lot from SL Green in 2015, before its financial struggles became public in August, when a deposition revealed its portfolio was valued at -$80 million—a stark contrast to its $1 billion valuation just four years earlier.
The disclosure came during a lawsuit by Mack Real Estate Group, which accused the Chetrit brothers of defaulting on the Hotel Carter at 250 West 43rd Street. Despite these challenges, the Chetrit Group had secured a $235 million construction loan from G4 Capital Partners in November 2024, though Sky Equity Group now stands as the sole developer moving forward.
Dushinsky’s move marks a break from his previous partnership with Isaac Rabinowitz under the Rabsky Group, which had developed major projects like the 1,100-unit Pfizer site in South Williamsburg and another 1,100-unit building in Downtown Brooklyn. While Rabsky remains active, Dushinsky has launched Sky Equity Group as an independent entity, though a spokesperson clarified that future collaborations between the two are still possible. Correction: A previous version of this article mispelled Dushinsky’s last name, and the Ombelle Fort Lauderdale unit count was previously listed incorrectly at 775.
The 260 East 72nd Street condo, designed by Peter Pennoyer Architects, will offer two- to five-bedroom units across 20 stories. Pricing for the project, approved by the New York Attorney General’s office, ranges from $3.6 million for a 1,600-square-foot two-bedroom to $14.8 million for a 4,000-square-foot five-bedroom. Amenities include a fitness center, sauna, steam room, indoor pool, two lounges, a bar, private dining room, and a porte-cochere.
The Upper East Side remains one of the city’s most undersupplied neighborhoods, with only 177 new development units currently on the market, according to Corcoran Sunshine Marketing Group. Recent launches, such as Legion Investment Group and Nahla Capital’s 1122 Madison Avenue, have sold quickly, suggesting strong demand for limited inventory.
This is Dushinsky’s first Manhattan project as a solo developer, though he previously worked with Douglas Elliman on sales for Ombelle Fort Lauderdale, a 754-unit condo in Florida, where he partnered with Dependable Equities. The 260 East 72nd Street project continues under the same architectural and sales team, with construction already completed after topping out in June.
