Midwood Investment & Development

What Midwood Investment & Development does

Midwood Investment & Development is a privately held real estate investment and development firm founded in 1925 and headquartered in New York City. The company owns and operates more than 140 properties spanning multifamily residential, Class-A office, and lifestyle retail asset classes across 10 U.S. states plus Washington, D.C. Its current portfolio focus is concentrated in primary coastal markets, with notable positions in Manhattan, Brooklyn, and Los Angeles.

The firm's core activity is ground-up development, asset repositioning, and long-term ownership of income-producing real estate. Recent projects include a 276-unit multifamily development at 200 Douglass Street in Gowanus, Brooklyn (slated for completion in fall 2027), the 295,900-square-foot Class-A office building at 430 Park Avenue in Midtown Manhattan held in joint venture with Oestreicher Properties and Marx Realty, and The Shops at Sportsmen's Lodge, a 100,000-square-foot lifestyle retail destination in Studio City, California. Capital formation is executed through institutional construction and senior loans, joint-venture equity partnerships, and traditional mortgage finance, with recent debt sourced from Affinius Capital, Axonic Capital, and JPMorgan Chase.

The firm employs between 51 and 100 people and operates under the leadership of President and CEO John Usdan, with founder Samuel Lemberg still associated with the firm. The senior team includes CFO Bryan Banks, CTO Petri Salonen, and CIO Teodora Zobel. Revenue is generated primarily through rental income from owned real estate, development fees, sales of completed assets, and joint-venture equity participation. The business model relies on multi-decade capital appreciation combined with recurring operating cash flow from stabilized assets.

Name

Midwood Investment & Development

Legal name

Midwood Investment & Development Inc.

Website

https://midwoodid.com

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

51–100 employees

Short description

Midwood Investment & Development is a privately held New York-based real estate investment and development firm founded in 1925, owning over 140 multifamily, office, and lifestyle retail properties across ten U.S. states and Washington, D.C.

Ownership category

akta.pro rank

Product category

Real Estate Investment & Development

NAICS

Portfolio Management and Investment Advice (523940), Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

akta.pro secondary industries

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF), Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Real estate development
• Commercial real estate
• Multifamily housing
• Property investment
• Class-A office

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Core offering

Midwood Investment & Development is a New York City-based real estate investment and development firm that owns and develops multifamily residential, Class-A office, and lifestyle retail properties across major U.S. metropolitan markets. The company operates a vertically integrated platform spanning acquisition, ground-up development, redevelopment, joint-venture ownership, and asset management of trophy and mixed-use assets.

Product overview

Midwood Investment & Development is a real estate investment and development firm operating a single unified offering across three integrated portfolio segments: Development Projects, Residential Properties, and Office and Retail Properties. The company develops and manages multifamily residential buildings (e.g., the Gowanus 276-unit project), Class-A commercial office properties (e.g., 430 Park Avenue joint venture), and lifestyle retail destinations (e.g., The Shops at Sportsmen's Lodge). These segments share investment management and property operations infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Projects Real estate development services encompassing new construction and redevelopment of mixed-use, multifamily, and commercial properties across New York City and Los Angeles. Targeted at institutional co-investors and tenants of completed assets.
• Residential Portfolio Multifamily residential rental properties targeting individual and family tenants in urban U.S. markets, including the 276-unit Gowanus project in Brooklyn. Properties include ground-floor retail and residential amenities.
• Office and Retail Portfolio Class-A commercial office buildings and lifestyle retail destinations offered to commercial tenants and consumer-facing retailers. Includes the joint-venture stake in 430 Park Avenue (295,900 sq ft) in Midtown Manhattan and The Shops at Sportsmen's Lodge in Studio City, Los Angeles.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Oestreicher PropertiescoreStrategic or Co-development PartnerJoint venture partner in the ownership of 430 Park Avenue, a 295,900-square-foot Class-A office building in Midtown Manhattan. Oestreicher Properties co-owns the property with Midwood Investment & Development and Marx Realty.
• Marx RealtycoreStrategic or Co-development PartnerJoint venture partner in the ownership of 430 Park Avenue, a 295,900-square-foot Class-A office building in Midtown Manhattan. Marx Realty co-owns the property with Midwood Investment & Development and Oestreicher Properties.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Others

• Affinius Capital: Real estate investment manager providing debt and equity capital to US real estate projects. Listed because it is Midwood's primary construction lender ($200M for Gowanus) — relevant capital partner comparable rather than operating peer.

Direct peers

• Vornado Realty Trust: Publicly traded REIT concentrated in Manhattan office and high-street retail. Comparable to Midwood's Manhattan Class-A office and retail exposure, though at larger scale and with public-market capital structure rather than JV-driven private model.
• The Related Companies: One of the largest privately held real estate development firms in the US, headquartered in NYC. Comparable to Midwood because both develop and own large-scale mixed-use, multifamily, and commercial properties in NYC and major US metros, frequently using JV structures with institutional capital.
• GFP Real Estate: Family-owned NYC real estate investment and development company with a long operating history. Comparable to Midwood because both are privately held NYC developers/investors operating multifamily, office, and retail portfolios across the US, with multi-generational ownership structures.
• Macklowe Properties: NYC-based private real estate investment and development firm known for trophy commercial and residential acquisitions. Comparable to Midwood in its focus on high-end Manhattan assets and active development/redevelopment across property types.
• Two Trees Management Company: Brooklyn-based real estate development firm specializing in large-scale mixed-use development in NYC. Direct peer to Midwood given overlapping Brooklyn multifamily pipeline (notably Gowanus-adjacent submarkets) and similar mixed-use development playbook.
• Tishman Speyer: Global real estate investment and development firm with major NYC presence across office, multifamily, and mixed-use. Comparable to Midwood's diversified institutional-quality portfolio and JV-driven capital model.
• Taconic Investment Partners: NYC-based private real estate investment and development firm operating across office, multifamily, and retail. Highly comparable to Midwood's strategy of owning and developing institutional-quality properties in NYC, often through JV partnerships.
• SL Green Realty Corp. Largest office landlord in Manhattan, focused on Class-A office properties. Direct peer for Midwood's 430 Park Avenue exposure; useful benchmark for trophy Midtown office economics, leasing trends, and refinancing market comparables.

Broad incumbents

• JLL (Jones Lang LaSalle): Global commercial real estate services and investment firm offering brokerage, capital markets, and property management. Comparable to Midwood as a broad incumbent in NYC real estate investment activity, though operating primarily as a service provider rather than principal investor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Midwood Investment & Development