Charney Companies

What Charney Companies does

Charney Companies is a New York City-based real estate developer specializing in large-scale, mixed-use residential projects across Brooklyn, Queens, and Manhattan. Founded in 2013 and headquartered in Long Island City, the firm is led by Principal Sam Charney and operates with a lean team of 11–50 employees, executing capital-intensive ground-up developments through joint ventures with institutional capital partners.

The company's core product is large mixed-use residential developments, typically 200–1,100+ units per project, combining market-rate units, affordable housing (often 25% of units), ground-floor retail, and extensive amenity programming such as fitness clubs, rooftop pools, coworking space, public waterfront esplanades, and artist studios. Active and pipeline projects include the Gowanus Wharf campus (~2,000 units across four buildings), 175 Third Street (1,100 units), 95 Rockwell Place (182 condo units), and 24-19 Jackson Avenue in Long Island City (636 units). Marquee commercial anchor tenants include Life Time (85,000 sq ft at 175 Third Street) and Chelsea Piers Fitness (at Court Square). Architectural partners include Bjarke Ingels Group and FXCollaborative.

Charney's revenue model is one-time residential unit sales (condominiums) and recurring rental income on stabilized rental buildings, supplemented by commercial tenant leases within mixed-use projects. The firm finances projects through joint venture equity and construction debt from institutional providers—Apollo, Affinius Capital, RXR, Madison Realty Capital, Canyon Partners, Freddie Mac, and others—totaling over $1.57 billion committed across four major projects since 2025. Customers are end-user residential buyers, renters, and affordable housing applicants, with pricing negotiated individually and not publicly disclosed.

Name

Charney Companies

Legal name

Charney Companies

Website

https://charneycompanies.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Charney Companies is a New York City real estate developer led by Sam Charney that builds large-scale, mixed-use residential developments—combining market-rate and affordable housing with fitness, retail, and public amenities—primarily in Brooklyn, Queens, and Manhattan, financed through joint ventures with institutional capital partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Other Real Estate Property (53119), Real Estate and Rental and Leasing (53), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Investment Sales Brokerage (BPAJABAI), Multifamily Brokerage (BPAJABAD)

Keywords

• Real estate development
• Residential properties
• Mixed-use developments
• Condominium construction
• Affordable housing

Headquarters

HQ city

Long Island City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Sales: Charney Companies generates revenue through the development and sale of residential condominium and rental units. The company builds large-scale mixed-use projects across Brooklyn, Queens, and Manhattan, including market-rate units, affordable housing, and amenity spaces. Additional revenue comes from retail and commercial tenant leases within developments.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Charney Companies is a New York City-based real estate developer that acquires land, secures institutional financing through joint ventures, and develops large-scale residential and mixed-use projects across Brooklyn, Queens, and Manhattan. The company builds market-rate condominiums, rental buildings, and affordable housing units, integrating amenities such as fitness clubs, public waterfront esplanades, and retail spaces into its developments.

Product overview

Charney Companies is a New York City real estate developer specializing in large-scale residential developments across Brooklyn, Queens, and Manhattan. The company's portfolio includes mixed-use residential towers, rental buildings, and condominiums, with major projects including the five-building Gowanus Wharf campus (featuring 175 Third Street and Union Channel), the 95 Rockwell Place condominium in Fort Greene, and a 55-story Court Square skyscraper in Long Island City. Projects typically combine market-rate and affordable housing with ground-floor retail, fitness amenities, and public spaces.

Differentiator

Problem solved

Functional benefit

Products and services

• Gowanus Wharf Campus A multi-building mixed-use development campus in Gowanus, Brooklyn comprising approximately 2,000 residential units across four to five planned structures, including public parks, a canal boardwalk, and extensive amenity spaces. Targeted at residential buyers, renters, and affordable housing applicants in Brooklyn.
• 175 Third Street A 27-story, 1.1 million square foot mixed-use residential development in Gowanus, Brooklyn with nearly 1,100 residences (25% permanently affordable), a three-story 85,000-square-foot Life Time fitness club and spa, public waterfront esplanade, and artist studios. Designed by Bjarke Ingels Group. Targeted at residential buyers, renters, and affordable housing applicants.
• Union Channel A 224-unit, nine-story rental building in Gowanus, Brooklyn that opened in 2025 as the first completed structure at the Gowanus Wharf campus, featuring extensive amenities. Targeted at residential renters.
• 95 Rockwell Place A 45-story condominium tower in Fort Greene, Brooklyn with 182 units and amenities. Targeted at residential condominium buyers.
• 24-19 Jackson Avenue (Court Square) A 55-story, 636-unit mixed-use skyscraper at Court Square in Long Island City, featuring residential units (including affordable housing), retail amenities including a premier grocer, and Chelsea Piers Fitness. Designed by FXCollaborative. Targeted at residential buyers, renters, and affordable housing applicants in Queens.

Quantifiable outcome

• 1,100 residences including 275 affordable units produced from single 175 Third Street development
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship and core.

• TavrosflagshipStrategic or Co-development Partner · 25 June 2026Co-development partner with Charney Companies on major residential projects including 175 Third Street in Gowanus, Union Channel, and 24-19 Jackson Avenue in Long Island City. Tavros has co-developed multiple large-scale mixed-use projects with Charney Companies totaling thousands of residential units across Brooklyn and Queens.
• Incoco CapitalcoreStrategic or Co-development Partner · 25 June 2026Co-development partner on the 175 Third Street project in Gowanus, contributing to the $785 million construction financing close for the 1.1 million square foot residential development.
• JLL Capital MarketscoreImplementation/ SI/ Consulting Partner · 10 March 2026Arranged the $125.536 million fixed-rate financing from Freddie Mac for Union Channel, the first completed structure in the Gowanus Wharf campus.
• Life TimeflagshipStrategic or Co-development Partner · 1 December 2025Life Time signed a long-term lease for over 85,000 square feet at 175 Third Street to operate an athletic country club featuring year-round rooftop pools, pickleball courts, coworking space, and longevity services. This is the anchor tenant for the fitness and wellness amenities in the development.
• Greystone Capital AdvisorscoreImplementation/ SI/ Consulting Partner · 11 June 2025Acted as exclusive advisor in arranging the $525 million construction financing for the Long Island City Court Square project, including years of property assemblage.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Tishman Speyer: Global real estate developer with NYC multifamily and mixed-use portfolio. Comparable in product and institutional JV structure, but with broader geographic and asset-type footprint than Charney's NYC-only focus.
• Related Companies: Nationally scaled developer of mixed-use and affordable housing with deep NYC presence (Hudson Yards, etc.). Comparable product mix but at vastly larger scale; serves as benchmark for institutional capital access and affordable housing delivery.
• Silverstein Properties: NYC-focused developer of large-scale mixed-use and residential projects (e.g., 30 Park Place, Hudson Yards subplots). Comparable in NYC residential/mixed-use execution at scale and institutional capital access.
• RXR Realty: Tri-state real estate operator and investor that placed $185M of equity into Charney's 175 Third Street JV. Comparable as a NYC residential/mixed-use player and represents both a peer and an existing capital partner to Charney.

Direct peers

• Two Trees Management: Brooklyn-based developer and landlord behind Domino Sugar Factory and Industry City. Directly comparable as a Brooklyn-focused residential/mixed-use developer active in the same rezoning-driven neighborhoods where Charney is building the Gowanus Wharf campus.
• Alloy Development: NYC-based developer of large-scale mixed-use and multifamily projects in Brooklyn (e.g., 1 Java Street). Comparable in scale, product type, and Brooklyn focus; competes for similar institutional capital and entitlement opportunities.
• TF Cornerstone: Long Island City-focused developer with a portfolio of high-rise residential towers in the same Court Square submarket where Charney is building 24-19 Jackson Avenue. Directly comparable product (multifamily high-rise) and geography.
• The Brodsky Organization: Vertically integrated NYC developer/owner/manager with active multifamily and mixed-use projects across Manhattan and Brooklyn. Comparable in product mix, JV capital structure, and long-hold rental operating model.
• Naftali Group: NYC residential developer focused on luxury condominiums and rental buildings in Manhattan and Brooklyn. Comparable in product type and infill Manhattan/Brooklyn strategy; competes for similar condo buyer and institutional capital pools.
• Douglaston Development: NYC multifamily and mixed-use developer with major Long Island City and Brooklyn projects. Directly comparable in product, geography, and institutional capital relationships; competes in the same LIC Court Square submarket.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/charneycompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments1 record

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

Frequently asked questions about Charney Companies