STRATEGIES
MULTI-FAMILY
BSD’s partners and executive team have collectively acquired, managed, and successfully exited over $3 billion in multifamily investments over their careers. Leveraging in-house construction and development capabilities, along with a dedicated leasing department, BSD is uniquely positioned to anticipate and respond to design and market trends, enabling the firm to maximize rental income and asset performance.
BSD’s primary focus is on value-add and core+ multifamily investments in the Greater New York area, where the firm has deep expertise, in tax-abated 421a multifamily properties, rent stabilized, and free market assets. Beyond New York, BSD is strategically expanding into the garden apartment sector, targeting select secondary markets with strong demographic fundamentals and long-term growth trajectories.
CASE STUDIES
298 Mulberry
Broad Street Development transformed this Nolita rental property into a boutique luxury residence, delivering high-end finishes and modern layouts tailored to Manhattan’s discerning renters. The project achieved strong absorption through curated unit design and neighborhood positioning. With a focus on boutique scale and community feel, the building continues to outperform in occupancy and rents.
220 East 22nd street
This rare Gramercy portfolio was successfully repositioned into a premier rental collection, offering residents a combination of historic charm and modern upgrades. Broad Street Development implemented capital improvements and a new branding strategy to maximize long-term value. The portfolio quickly stabilized, securing premium rents in one of Manhattan’s most competitive neighborhoods.
Maison East
Maison East was acquired, repositioned, and reintroduced as a full-service luxury condominium on the Upper East Side. Broad Street Development executed a successful condo conversion, modernizing residences while enhancing amenities. The building’s family-friendly layouts and prime location drove robust sellout results, cementing its place as a neighborhood landmark.
Broad Street Development converted 80 Broad Street from office to residential, delivering a modern rental offering in the heart of the Financial District. The project successfully navigated the complexities of adaptive reuse, creating a product that resonated with young professionals. By leveraging the property’s location and reimagining its interiors, the asset became a model for FiDi conversions.
80 Broad Street Conversion
184 Thompson
This former Capital One bank branch was repositioned into three highly desirable retail spaces at the gateway of Greenwich Village. Broad Street Development executed strategic demising and re-leasing to attract national and local tenants. The project unlocked hidden value in a unique corner property while enhancing the retail experience of Thompson Street.