**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-QSB**

**x      **
**Quarterly      report pursuant to Section 13 or 15(d) of the Securities Exchange Act**

**of      1934. For the quarterly period ended September 30, 2007.**

**o      **
**Transition      report pursuant to Section 13 or 15(d) of the Securities**

**Exchange      Act of 1934. For the transition period from ____ to ____ .**

**SK      REALTY VENTURES, INC.**

| **NEVADA**                                                                    | 76-0747086                                      |
|-------------------------------------------------------------------------------|-------------------------------------------------|
| (State                or Other Jurisdiction of Incorporation or Organization) | (Employer                Identification Number) |

**585      Stewart Avenue**

**Suite      760**

**Garden      City, NY 11530**

**(516)      683-1254 **

----

----

**SK      REALTY VENTURES, INC. AND SUBSIDIARY**

| ASSETS                                                                                                                                           |   |                               |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|--------|--------|--------|
|                                                                                                                                             |   |                               |   |   |   |
|                                                                                                                                             |   |  September 30, 2007 |   |
|                                                                                                                                             |   |                               |   |   |   |
| CURRENT ASSETS                                                                                                                              |   |                               |   |   |   |
|                                                                                                                                             |   |                               |   |   |   |
|                                                                                                                                             |   |                               |   |   |   |
|                                                                                                                                             |   |                               |   |   |   |
| Marketable Securities                                                                                                                  |   |                               |   |   |   | 625 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
| Total Current Assets                                                                                                                   |   |                               |   |   |   | 625 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
| OTHER ASSETS                                                                                                                                |   |                               |   |   |   |   |   |
| Tax Deeds                                                                                                                              |   |                               |   |   |   | 5,660 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|    Total Other Assets                                                                                                   |   |                               |   |   |   | 5,660 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|    TOTAL ASSETS                                                                                                              |   |                               |   |   | $      | 6,285 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |   |                               |   |   |   |   |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                                                         |   |                               |   |   |   |   |   |
| Accrued Expenses                                                                                                                            |   |                               |   |   |   | 12,000 |   |
| Loans Payable Shareholder                                                                                                              |   |                               |   |   |   | 49,320 |   |
| Property Taxes Payable                                                                                                                 |   |                               |   |   |   | 2,339 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|    Total Current Liabilities                                                                                            |   |                               |   |   |   | 63,659 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|    TOTAL LIABILITIES                                                                                                         |   |                               |   |   |   | 63,659 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                         |   |                               |   |
| Preferred stock; 10,000,000 authorized at $0.0001 par value                                                   |   |                               |   |   |   | - |   |
| Common stock; 300,000,000 shares authorized at $0.0001 par value;                                        |   |                               |
| 13,625,240 shares issued and outstanding                                                                                     |   |                               |   |   |   | 1,362 |   |
| Additional Paid-in Capital                                                                                                             |   |                               |   |   |   | 344,486 |   |
| Other comprehensive (loss)                                                                                                             |   |                               |   |   |   | (36,875 | ) |
| Deficit accumulated during the development stage                                                                        |   |                               |   |   |   | (710,917 | ) |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|    Total stockholders' equity (deficit)                                                                            |   |                               |   |   |   | (57,374 | ) |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                  |   |                               |   |   | $      | 6,285 |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
|                                                                                                                                             |   |                               |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements    |

----

**SK          REALTY VENTURES, INC. AND SUBSIDIARY**

|                                                                            |   | Three                      Months Ended |       | Three                      Months Ended |   | Nine                      Months Ended  |   | Nine                      Months Ended  |       | From                      Inception of the development stage on August 1, 2003 Through |   |
|---------------------------------------------------------------------------------|--------|-----------------------------------------|------------|-----------------------------------------|--------|-----------------------------------------|--------|-----------------------------------------|------------|----------------------------------------------------------------------------------------|--------|
|                                                                            |   | September                      30, 2007 |       | September                      30, 2006 |   | September                      30, 2007 |   | September                      30, 2006 |       | September                      30, 2007                                                |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |
| REVENUE                                                                         |   | $                                       | -          |                                    | $      | -                                       |   | $                                       | -          |                                                                                   | $      | - |   | $ | - |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
| EXPENSES                                                                        |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
|    Salary                                                   |   |                                    | -          |                                    |   | 15,000                                  |   |                                    | 30,000     |                                                                                   |   | 45,000 |   |   | 260,300 |   |
|    Bank Charges                                             |   |                                    | -          |                                    |   | -                                       |   |                                    | 8          |                                                                                   |   | - |   |   | 70 |   |
|    Professional Fees                                        |   |                                    | 7,500      |                                    |   | 10,960                                  |   |                                    | 44,293     |                                                                                   |   | 53,213 |   |   | 245,802 |   |
|    Administrative Costs                                     |   |                                    | 4,500      |                                    |   | 4,500                                   |   |                                    | 13,500     |                                                                                   |   | 13,500 |   |   | 67,500 |   |
|    Compensation Expense                                     |   |                                    | -          |                                    |   | -                                       |   |                                    | -          |                                                                                   |   | - |   |   | 119,897 |   |
|    Forfeiture of tax deeds                        |   |                                    | -          |                                    |   | -                                       |   |                                    | -          |                                                                                   |   | - |   |   | 11,000 |   |
|    Interest Expense                                         |   |                                    | -          |                                    |   | 1,215                                   |   |                                    | 1,752      |                                                                                   |   | 1,562 |   |   | 4,009 |   |
|    Taxes                                                         |   |                                    | -          |                                    |   | 326                                     |   |                                    | -          |                                                                                   |   | 978 |   |   | 2,339 |   |
|    Total Expenses                                           |   |                                    | 12,000     |                                    |   | 32,001                                  |   |                                    | 89,553     |                                                                                   |   | 114,253 |   |   | 710,917 |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
| NET (LOSS)                                                                 |   |                                    | (12,000    | )                                       |   | (32,001                                 | )      |                                    | (89,553    | )                                                                                      |   | (114,253 | ) |   | (710,917 | ) |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
| OTHER COMPREHENSIVE LOSS                                              |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
|    Change in marketable securities valuation |   |                                    | (3,200     | )                                       |   | (2,175                                  | )      |                                    | (3,200     | )                                                                                      |   | 75 |   |   | (36,875 | ) |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
| TOTAL COMPREHENSIVE INCOME (LOSS)                                |   | $                                       | (15,200    | )                                       | $      | (34,176                                 | )      | $                                       | (92,753    | )                                                                                      | $      | (114,178 | ) |   | (747,792 | ) |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
| BASIC (LOSS) PER SHARE                                           |   | $                                       | (0.00      | )                                       | $      | (0.00                                   | )      | $                                       | (0.01      | )                                                                                      | $      | (0.01 | ) |   |   |   |
|                                                                            |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF                                       |   |                                    |       |                                    |   |                                    |   |                                    |       |                                                                                   |   |   |   |   |   |   |
|  SHARES OUTSTANDING                                                   |   |                                    | 13,625,240 |                                    |   | 12,300,240                              |   |                                    | 13,625,240 |                                                                                   |   | 12,300,240 |   |   |   |   |

----

**SK        REALTY VENTURES, INC. AND SUBSIDIARY**

|                                                                                                              |   | Nine                      Months Ended  |    | Nine                      Months Ended  |   | From                      Inception of the development stage on August 1, 2003 through |   |
|-------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|---------|-----------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                                                                                                                   |        | September                      30, 2007 |    | September                      30, 2006 |   |  September                      30, 2007                                          |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |
| CASH                      FLOWS FROM OPERATING ACTIVITIES                                                         |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                           Net (Loss)                                                          |   | $                                       | (89,553 | )                                       | $      | (114,193                                                                               | )      | $ | (710,917 | ) |
|                           Adjustments to reconcile net loss to net cash                       |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|         used                      by operating activities:                |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                               Stock issued for services                   |   | $                                       | 12,218  |                                    | $      | 12,500                                                                                 |   | $ | 57,218 |   |
|                               Amortization of deferred consulting expense |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | 30,300 |   |
|                               Services for Stock Subscription Receivable  |   | $$                                      | 150     |                                    | $      | -                                                                                      |   | $ | 150 |   |
|                               Forfeiture of tax deeds                     |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | 11,000 |   |
|                               Option Extension Expense                    |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | 119,897 |   |
|                               Property Tax Payable                        |   | $                                       | -       |                                    | $      | 978                                                                                    |   | $ | 2,339 |   |
|                               Prepaid Expenses                            |   | $                                       | -       |                                    | $      | -                                                                                      |   |   |   |   |
|                               Accrued Interest Payable                    |   | $                                       | (1,623  | )                                       | $      | 1,062                                                                                  |   | $ | 634 |   |
|                               Accrued expenses                            |   | $                                       | 29,347  |                                    | $      | 89,213                                                                                 |   | $ | 325,275 |   |
|                               Other Assets                                |   | $                                       | 133     |                                    | $      | -                                                                                      |   | $ | 133 |   |
|                               Deferred Consulting                         |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | 89,581 |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| Net                      Cash Provided (used) by Operating Activities                                             |   | $                                       | (49,328 | )                                       | $      | (10,440                                                                                | )      | $ | (74,390 | ) |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| CASH                      FLOWS FROM INVESTING ACTIVITIES                                                         |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                               Tax Deeds                                   |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | - |   |
|                               Contributed Capital                         |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | (5,661 | ) |
|                               Unrealized Loss on Investment               |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | - |   |
|                           Net Cash (Used) by Financing Activities                             |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | (5,661 | ) |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| CASH                      FLOWS FROM FINANCING ACTIVITIES                                                         |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                           Loan Payable                                                        |   | $                                       | 49,320  |                                    | $      | 10,000                                                                                 |   | $ | 74,320 |   |
|        Proceeds                      from Line of Credit                       |   | $                                       | -       |                                    |   | 440                                                                                    |   | $ | 5,661 |   |
|        APIC                                                                    |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | 70 |   |
|                           Net Cash Used by Financing Activities                               |   | $                                       | 49,320  |                                    | $      | 10,440                                                                                 |   | $ | 80,051 |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| Net                      increase in cash or cash equivalents                                                     |   | $                                       | (8      | )                                       | $      | -                                                                                      |   | $ | (0 | ) |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| Cash                      at beginning of period                                                                  |   | $                                       | 8       |                                    |   | 20                                                                                     |   | $ | 0 |   |
| Cash                      at end of period                                                                        |   | $                                       | 0       |                                    | $      | 20                                                                                     |   | $ | 0 |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| SUPPLEMENTAL                      CASH FLOW INFORMATION                                                           |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|         Cash                      paid for interest                       |   | $                                       | -       |                                    | $      | 440                                                                                    |   | $ | 440 |   |
|         Cash                      paid for income taxes                   |   | $                                       | -       |                                    |   |                                                                                   |   |   |   |   |
|                                                                                                              |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
| NON-CASH                      INVESTING AND FINANCING ACTIVITIES                                                  |   |                                    |    |                                    |   |                                                                                   |   |   |   |   |
|         Stock                      for assets                             |   | $                                       | -       |                                    | $      | -                                                                                      |   | $ | 48,650 |   |
|         Stock                      issued for services                    |   | $                                       | 12,218  |                                    | $      | 12,500                                                                                 |   | $ | 57,218 |   |
|         Net                      Change in unrealized loss on investment  |   | $                                       | 3,200   |                                    | $      | 75                                                                                     |   | $ | 36,875 |   |
|         Related                      party forgiveness of debt            |   | $                                       | 344,571 |                                    | $      | -                                                                                      |   | $ | 344,571 |   |

----

**SK        REALTY VENTURES, INC. AND SUBSIDIARY **

| NOTE                    1 - | BASIS                    OF FINANCIAL STATEMENT                    PRESENTATION |
|-----------------------------|---------------------------------------------------------------------------------|

| NOTE                  2 - | GOING                  CONCERN |
|---------------------------|--------------------------------|

----

**SK        REALTY VENTURES, INC. AND SUBSIDIARY **

| NOTE                      3 - |  OUTSTANDING                      STOCK OPTIONS |
|-------------------------------|------------------------------------------------------|

|                                                  |   | Weighted |      |     |   |
|-------------------------------------------------------|--------|----------|-----------|----------|--------|
|                                                  |   | Average  |      | Exercise |   |
|                                                  |   | Shares   |      | Price    |   |
|                                                  |   |     |      |     |   |
| Outstanding,                  January 1, 2007         |   |     | 1,200,000 |     | $      | 0.0001 |   |
|                                                  |   |     |           |     |   |  |   |
| Granted                                               |   |     | -         |     |   | - |   |
| Canceled/Expired                                      |   |     | -         |     |   | - |   |
| Exercised                                             |   |     | 1,200,000 |     |   | - |   |
|                                                  |   |     |           |     |   |  |   |
| Outstanding, September                  30, 2007 |   |     | -         |     |   |  |   |
|                                                  |   |     |           |     |   |  |   |
| Exercisable,                  September 30, 2007      |   |     | -         |     |   |  |   |

----

| NOTE                          5 - | NOTES                          PAYABLE |
|-----------------------------------|----------------------------------------|

| NOTE                  6 - | SUBSEQUENT                  EVENT |
|---------------------------|-----------------------------------|

**Item        2: Management's Discussion and Analysis of Financial Condition and Results        of        Operations**

**Results        of Operations**

**Assets**

| Location                            |   | Description |                                  | Acquisition                    Cost |   |
|-------------------------------------|--------|-------------|---------------------------------------|-------------------------------------|--------|
| Reading,                    PA      |   |        | Mobile                    home        |                                | $      | 1,058 |   |
| Reading,                    PA      |   |        | Mobile                    home        |                                | $      | 2,682 |   |
| Sellersville,                    PA |   |        | Vacant                    land parcel |                                | $      | 1,921 |   |

**Total          revenue**

----

**Operating          Expenses.**

**Liquidity          and Capital Resources**

----

**Item          3: Controls and Procedures**

**Limitations          on the Effectiveness of Internal Controls **

----

**Item          5: Other Information**

**PART          II**

**Item          1. Legal Proceedings**

**Item          6. Exhibits and Reports on Form 8-K**

|  (a)  | Exhibits. |                                                                                                                                                                                                                  |
|-----------------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |      |                                                                                                                                                                                                                  |
|            | 31        | Certification                    of Chief Executive Officer and Chief Financial Officer as required                    by Rule                    13a-14(a) of the Securities Exchange Act of                    1934 |

|                                                               | 32     | Certification                    of Chief Executive Officer and Chief Financial Officer, as required                    by                    Rule 13a-14(b) of the Securities Exchange Act of 1934 |
|--------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                               |   |                                                                                                                                                                                                |
| (b) Reports                    on Form                    8-K |   |

----

**Signatures**

| Signature                                      |   | Title                                                                      |   | Date                                       |
|------------------------------------------------|--------|----------------------------------------------------------------------------|--------|--------------------------------------------|
|  /s/                    Fredrick Schulman |   |  President                    and Acting Principal Accounting Officer |   |  November                    21, 2007 |