Company

Rybak Development

Coney Island, Brooklyn-based real estate development firm · Founded 2007

Websiterybakdev.com

Phone718-758-5333

Headquarters227 Sea Breeze Avenue, Suite C-403, Brooklyn, NY 11224

Founded2007

2 Recorded Transactions

Not separately quantified Combined Transaction Value

Overview

RYBAK Development is a Coney Island, Brooklyn-headquartered real estate development, construction, and property management firm founded in 2007 by Sergey Rybak, who remains Founder and Principal. The firm specializes in multifamily, condominium, commercial, and mixed-use ground-up development and reports $1.4 billion in assets under management, 28 completed developments, and 1,600 residential units created or under construction, concentrated heavily in its home neighborhood of Coney Island and West Brighton. Jason Reznik serves as Partner and Principal.

Source: Rybak Development (official company website)

Transactions Tracked

Shorecrest Towers Infill — Developer

Developer

Rezoning application filed March 2026 for two 22-story towers (703 units total) on surface parking lots beside the existing Shorecrest Towers (2940-3000 Ocean Parkway), adjacent to Rybak's own Coney Island holdings. No dollar amount disclosed in Hush Street's sourcing -- the project is still at the filed/under-review stage.

Tilyou Towers — Developer

Developer

Selected by NYC Economic Development Corporation in late October 2025 (following a February 2025 RFP) to develop public land on Coney Island's "Parcel A," Surf Avenue between West 21st and West 22nd Streets. Construction targeted to begin 2027, completion by 2030. No dollar amount disclosed in Hush Street's sourcing.

Public-land RFP award, not a private acquisition -- no purchase price involved.

Related Properties

Sources

RYBAK Development — Rybak Development
About RYBAK Development — Rybak Development
Contact Us — Rybak Development

Neither documented Brooklyn Project (both still pre-construction) carries a disclosed dollar figure in Hush Street's sourcing.