Namdar Group

What Namdar Group does

Namdar Group is a family-owned real estate investment and development firm founded in 1979 and headquartered in Great Neck, New York. Across three generations, the company has developed a portfolio of mixed-use, transit-oriented properties concentrated in the New York metropolitan region (primarily Jersey City's Journal Square) and the Caribbean (St. Kitts, St. Thomas, Antigua) via its wholly owned Caribinvest subsidiary. Its core business model combines ground-up development and long-term ownership of luxury residential, retail, and office assets, with over 10,000 residential units currently in the approval and development pipeline and a single 4,500-unit master plan (Homestead Place) anchoring its Jersey City operations.

The firm monetizes through two principal streams: recurring rental income from completed residential and commercial assets, and one-time development fees and unit sales during lease-up. Residential units are marketed at premium urban rents ($1,950–$4,900/month at MRK in Jersey City) and increasingly distributed through institutional channels including a master lease with co-living operator Ollie (113 suites plus 21,500 sq ft of co-working at 87 Newkirk Street) and a brokerage partnership with Modern Spaces covering approximately 1,500 units. On the retail side, Namdar owns and manages more than 300 storefronts in Duty Free Centers and transit-oriented developments, with a tenant roster that includes Rolex, Cartier, David Yurman, Tiffany, Chanel, and Dufry. Caribinvest, the world's largest privately held operator of cruise ship facilities, layers in cruise port retail and waterfront entertainment revenue across multiple Caribbean destinations.

Execution is enabled by an unusually diversified and repeat construction-debt platform: over $1.1B in identified financings from SCALE Lending, Tyko Capital, Lightstone Capital, Cerberus RE, and others, with Greystone Capital Advisors acting as the recurring arranger. The firm operates with a thin corporate headcount (11–50 employees) and family-controlled ownership, recently expanding beyond the Northeast with a $460M-backed two-tower, ~1,400-unit project in downtown Miami in late 2025. A labor safety and prevailing-wage complaint filed at Homestead Place by LIUNA is the most prominent regulatory exposure on record.

Name

Namdar Group

Legal name

Namdar Group

Website

https://namdargroup.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Namdar Group is a family-owned real estate investment and development firm founded in 1979, developing mixed-use transit-oriented residential, retail, and office properties in the New York metro area and Caribbean (via Caribinvest) for urban renters, luxury retail tenants, and cruise port operators.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532), Lessors of Miniwarehouses and Self-Storage Units (53113)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Self-Storage Property Management (BPAJAGAM)

akta.pro secondary industries

Full-Service Vacation Rental Property Management (BPAJAIAA), HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Real estate development
• Mixed-use properties
• Transit-oriented development
• Residential property leasing
• Commercial real estate investment

Headquarters

HQ city

Great Neck

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Development: Ground-up development of mixed-use residential, commercial, and retail properties. Revenue generated from property sales and development fees.
2. Property Rental Income: Long-term rental revenue from luxury residential apartments, office spaces, and retail storefronts in developed properties.
3. Retail Tenant Management: Management of over 300 storefronts in Duty Free Centers and transit-oriented developments. Tenants include luxury brands such as Rolex, Cartier, David Yurman, and Dufry.
4. Caribbean Cruise Port Operations: Through Caribinvest subsidiary, operates cruise ship facilities and develops waterfront retail, entertainment, and residential districts in Caribbean destinations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Namdar Group is a family-owned real estate investment and development firm that acquires, develops, leases, and manages mixed-use residential, commercial, and retail properties with a focus on transit-oriented locations. The company ground-up develops luxury apartment towers, mixed-use neighborhoods (such as the Homestead Place master plan in Jersey City), and through its Caribinvest subsidiary operates cruise port facilities and waterfront retail, entertainment, and residential districts in the Caribbean. Revenue is generated from property sales, long-term residential and commercial rental income, and retail tenant leases.

Product overview

Namdar Group is a family-owned real estate investment and development firm offering a diverse portfolio of mixed-use residential, commercial, and retail properties across the United States and Caribbean region. Their products include transit-oriented developments in the Northeast (Jersey City, Great Neck, Queens), luxury residential towers in Miami, Florida, and cruise port/retail developments in the Caribbean (St. Kitts, Antigua, St. Thomas). The company's development portfolio includes luxury apartments, coworking spaces, retail storefronts, and mixed-use properties, with notable projects such as the Homestead Place master plan in Jersey City featuring multiple high-rise towers, 15 Bond in Great Neck, and 222 NE 1st Ave in Miami. The firm also operates Caribinvest, the largest privately held owner and operator of cruise ship facilities in the world, managing retail and entertainment districts at cruise ports.

Differentiator

Problem solved

Functional benefit

Brands

• Caribinvest: Wholly owned entity of Namdar Group and largest privately held owner and operator of cruise ship facilities in the world. Undertakes development of urban, mixed-use waterfront retail, entertainment and residential districts in cruise ship destinations.

Products and services

• 15 Bond A four-story luxury apartment development in Great Neck, NY, located steps from the Great Neck train station and town center, providing luxury rentals near transit, fine dining, and retail.
• MRK (97 Newkirk Street) A 16-story, 132-unit Class-A residential building at 97 Newkirk Street in Jersey City's Journal Square neighborhood, featuring high-end finishes, high-speed WiFi, an in-home concierge, roof terrace, fitness center, and co-working space, with units priced $1,950–$4,900 per month.
• 28 Cottage A 166-unit Class-A multifamily property within the Homestead Place master plan in Jersey City's Journal Square neighborhood, offering high-end finishes, high-speed WiFi, and in-home concierge services.
• 9 Homestead A residential property within the Homestead Place master plan development in Jersey City, NJ.
• 43 Cottage A residential property in Jersey City, part of Namdar Group's Cottage Street development portfolio.
• 26 Van Reipen A 27-story, 235-unit residential tower in Jersey City's Journal Square neighborhood, part of the Homestead Walkway project.
• 29 Van Reipen A residential property in Jersey City with co-working space, lounge areas, and rooftop amenities.
• 555 Summit A residential property in Jersey City, NJ.
• 15 Central (626 Newark Avenue) A residential property located at 626 Newark Avenue in Jersey City, planned for 576 units as part of Namdar's Journal Square portfolio.
• 612 Pavonia A residential property in Jersey City with game room, gym, and rooftop amenities.
• 597 Marin A residential property in Jersey City, NJ.
• 222 NE 1st Ave Phase 1 (Miami) A luxury residential tower in downtown Miami, FL, with amenities including lobby, co-working space, bowling area, party room, gym, dog park, minigolf, and movie room, forming part of a two-tower project with nearly 1,400 units.
• 222 NE 1st Ave Phase 2 (Miami) Second tower of the luxury 222 NE 1st Ave residential development in downtown Miami, FL, with amenities including library, pilates studio, community grocery, game lounge, open lounge, and club house.
• Namdar Brothers Realty (Port Zante, St. Kitts) A duty-free retail property at Port Zante in St. Kitts featuring elegant boutiques, fine jewelry shops, liquor stores, and souvenir stores, operated under the Caribinvest cruise-port platform.
• The Marina Village (St. Kitts) A waterfront development near the historic capital of Basseterre in St. Kitts offering duty-free shopping, restaurants, and waterfront amenities, operated under the Caribinvest cruise-port platform.
• Heritage Quay Downtown Development (Antigua) A waterfront development in Antigua's capital of St. John's, offering views of St. John's Harbor and over 50 duty-free shops, operated under the Caribinvest cruise-port platform.
• Crown Bay (St. Thomas, U.S. Virgin Islands) St. Thomas' newest cruise port and one of the most heavily trafficked cruise ports in the Caribbean, home to Royal Caribbean ships, with upscale marina facilities and retail operated under the Caribinvest cruise-port platform.
• 3 Grace (Great Neck Plaza, NY) A two-story office building at 3 Grace Avenue in Great Neck Plaza, one block from the Great Neck LIRR station, providing transit-oriented office space in the New York metro.
• 84 Briarwood (Jamaica, Queens) A four-story family residential building in Jamaica, Queens, NY, near Queens Boulevard and subway stations, providing transit-oriented family rentals in the New York metro.

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Modern SpacescoreChannel Partner/ Reseller/ DistributorReal estate brokerage marketing approximately 1,500 residential units across Namdar Group's Jersey City portfolio including 87 Newkirk (MRK), 26 Van Reipen, 26-28 Cottage Street, 35 Cottage Street, and 626 Newark Street.
• OlliecoreChannel Partner/ Reseller/ DistributorCo-living specialist operating 113 suites and 21,500 sq ft co-working space at 87 Newkirk Street under master lease. First all-inclusive co-living concept in New Jersey.
• C3D ArchitecturecoreTechnology or IntegrationArchitectural firm responsible for design of multiple Namdar Group projects including Homestead Place master plan, 618 Pavonia Avenue, 26 Cottage Street, and other Journal Square developments.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• L+M Development Partners: NYC-based mixed-use and multifamily developer with deep Jersey City and tri-state pipeline. Comparable in product type, scale of ground-up development, and reliance on construction debt and public incentives.
• The LeFrak Organization: Family-owned, multi-generation NYC/New Jersey mixed-use developer and landlord. LeFrak's massive residential, retail, and office holdings in Jersey City and NYC directly overlap Namdar's transit-oriented, mixed-use strategy in the same geography.
• Kushner Companies: Family-controlled New Jersey-headquartered real estate firm with significant multifamily and mixed-use development across NYC metro, including Jersey City. Closely mirrors Namdar's family ownership, geography, and transit-oriented rental focus.
• The Durst Organization: Family-owned NYC real estate developer and operator of large-scale mixed-use and rental residential assets. Comparable in family ownership, vertical integration, and concentration on high-quality urban residential and retail product.
• Sterling Equities: Long Island-based real estate investment and development firm with holdings in the greater NYC metro area. Geographic overlap and comparable asset mix (residential, retail, office) make Sterling a relevant comparability anchor.

Broad incumbents

• The Related Companies: Major national mixed-use and affordable housing developer behind projects like Hudson Yards. Related operates at much larger scale but shares Namdar's mixed-use, transit-oriented playbook and large residential pipelines.
• Tishman Speyer: Global real estate developer and owner of office, residential, and mixed-use assets including NYC trophy towers. Comparable as a large-scale mixed-use developer and long-term holder, though materially larger and more diversified.
• Vornado Realty Trust: NYC-focused REIT with concentrated office, retail, and select residential assets. Comparable as a NYC-metro landlord/developer with similar tenant mix and reliance on Manhattan/NJ transit demand.
• Brookfield Property Group: Diversified global real estate investor and developer with a large US office and multifamily footprint, including NYC. Provides a useful comparison point for institutional capital scale and large mixed-use master planning.

Others

• Global Ports Holding: World's largest independent cruise port operator, managing terminals and retail concessions across multiple Caribbean and Mediterranean destinations. Direct analog to Namdar's Caribinvest cruise-port subsidiary and the closest public proxy for that business line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/namdar-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Namdar Group