Construction Today - Volume 16, Issue 1 - 40

Commercial | RYBAK DEVELOPMENT

Rybak Development's current
projects include Element 88
in Williamsburg, N.Y.

«

Beyond Normal

RYBAK DEVELOPMENT'S PROJECTS GO BEYOND 'STANDARD, COOKIE-CUTTER BUILDINGS.' BY ALAN DORICH

Rybak Development
www.rybakdev.com
* Projected 2017 ales: $100 million+
* Headquarters: Brooklyn, N.Y.
* Specia y: Real estate and construction

"We have a tremendous amount of
people working direc y for us."
- Sergey Rybak, owner and principal

40

CONSTRUCTION-TODAY.COM VOLUME 16, ISSUE 1

M

any companies have complex
operations, but Rybak Development thrives by keeping
things lean and simple. This
has
has paid off for the Brooklyn, N.Y.-based real
estate and construction company, owner
and Principal Sergey Rybak says.
"Last year, we did $75 million in gross
proceeds within a four-person overhead
office," he says. "This model is something we
intend to maintain."
Rybak founded the company with his
namesake in 2007, but did not originally

plan for a career in construction. "I have a
bachelor's degree from New York University
in economics," he says. "I quickly realized
that the typical finance job after undergraduate school is not where I wanted to go."
After trading his shirt and tie for a
hardhat and boots, Rybak took jobs where
he self-performed concrete framing work. "I
worked hand-in-hand with guys to get the
first couple of jobs up and built," he recalls.
Rybak Development's first job, he notes,
was a six-family home. "We started out just
hiring contractors to do all of the work for


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Table of Contents for the Digital Edition of Construction Today - Volume 16, Issue 1

Contents
Construction Today - Volume 16, Issue 1 - Cover1
Construction Today - Volume 16, Issue 1 - Cover2
Construction Today - Volume 16, Issue 1 - 1
Construction Today - Volume 16, Issue 1 - Contents
Construction Today - Volume 16, Issue 1 - 3
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