Avdoo & Partners Development

What Avdoo & Partners Development does

Avdoo & Partners Development is a New York City-based, vertically integrated luxury residential real estate development firm founded in 2005 by Shlomi Avdoo. The company acquires sites across Brooklyn and Manhattan, then develops, designs, constructs, markets, sells, and asset-manages residential and mixed-use buildings through a wholly in-house operating model supplemented by best-in-class external architecture, interior design, and landscape partners. Its core products are ground-up condominium and mixed-use developments ranging from boutique 21-unit buildings to 105-unit flagship projects, including Bergen (Boerum Hill, designed by Frida Escobedo), East 71st Street (Upper East Side, designed by RAMSA), Boerum Place (Cobble Hill, designed by Brent Buck), Saint Marks Place (Boerum Hill, designed by INC Architecture & Design), and the joint-venture 10 Lenox (Harlem, with Second Canaan Baptist Church). Underlying capability is design-led development execution rather than proprietary technology: Avdoo's competitive technology is its curated network of AD100 architects and designers, in-house construction management, and direct sales infrastructure, with no disclosed software platform, API, or app.

The business model combines one-time unit-sale revenue upon condominium closings with ongoing managed asset management services across the portfolio. Go-to-market is direct-to-consumer via in-house sales teams and selective channel partners such as Halstead Property Development Marketing, targeting affluent individual buyers seeking architecturally significant residences in prime NYC neighborhoods. Pricing is project- and unit-specific and not publicly disclosed; penthouse pricing at Bergen starts above $4.85M, indicating an ultra-luxury positioning with selective attainable-luxury entries (10 Lenox). Avdoo operates exclusively within New York City and is privately held by founder Shlomi Avdoo and a senior leadership team that includes a COO, EVPs for Acquisitions, Construction, and Design/Marketing, a VP of Finance and Accounting, a VP of Brand and Marketing, and a Chief of Staff.

Name

Avdoo & Partners Development

Legal name

Starwort Limited

Website

https://avdoo.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Avdoo & Partners Development is a vertically integrated NYC luxury residential real estate developer that acquires, designs, builds, sells, and asset-manages condominium and mixed-use properties in Brooklyn and Manhattan, serving high-net-worth individual buyers through projects designed by AD100-tier architects.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate Development

NAICS

New Single-Family Housing Construction (except For-Sale Builders) (236115), Management of Companies and Enterprises (55)

SIC

General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Mixed-Use Property Management (BPAJAGAE)

Keywords

• Luxury real estate development
• Residential property development
• Condominium development
• Mixed-use development
• Urban property development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Avdoo generates revenue through the development and sale of luxury residential condominium and mixed-use properties in New York City. The company acquires land, develops residential buildings with renowned architects, and sells individual units to buyers. Revenue is realized upon closing of unit sales.
2. Asset Management: Long-term asset management services for residential properties, fostering tenant retention and premium operations across asset classes to ensure properties perform at highest level over time.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Avdoo & Partners Development is a New York City-based real estate development firm that designs and builds luxury residential and mixed-use properties in Brooklyn and Manhattan. The company operates a vertically integrated model covering land acquisition, architectural design, construction, marketing, leasing/sales, and long-term asset management. Its portfolio includes named condominium developments such as Bergen, East 71st Street, Boerum Place, Saint Marks Place, 68 King Street, 601 Union Street, 10 Lenox, and the boutique retail property 20 Old Fulton.

Product overview

Avdoo & Partners Development is a New York City-based real estate development company that designs and develops residential and mixed-use buildings. Their portfolio consists of multiple named real estate projects across Brooklyn and Manhattan, including luxury condominiums (Bergen, Boerum Place, Saint Marks Place, East 71st Street), joint venture partnerships (10 Lenox with Second Canaan Baptist Church), and boutique retail (20 Old Fulton). The company operates a vertically integrated model covering acquisitions, design, construction, marketing, leasing/sales, and asset management. Projects range from 21 to 105 residential units, with sizes from 6,000 to 220,000 SF.

Differentiator

Problem solved

Functional benefit

Products and services

• Bergen (323 Bergen Street) A 105-residence luxury condominium development in Boerum Hill, Brooklyn (~210,000 GSF) designed by Frida Escobedo, featuring a facade of handmade geometric modules, 14,513 SF of indoor amenities and 11,943 SF of outdoor amenities. Targeted at luxury residential buyers seeking an AD100-designed signature project.
• East 71st Street (242 East 71st Street) A 50-unit luxury residential development (~220,000 SF) at 242 East 71st Street on Manhattan's Upper East Side, designed by Robert A.M. Stern Architects (RAMSA) with interior design by Alyssa Kapito. Penthouses priced from $4.85M+. Targeted at ultra-luxury Upper East Side buyers.
• Boerum Place (110 Boerum Place) A boutique 21-residence luxury condominium development (~73,000 GSF) in Cobble Hill, Brooklyn, designed by Brent Buck Architects with landscape design by Brook Landscape. Targeted at luxury buyers seeking a small-scale, design-forward Cobble Hill residence.
• Saint Marks Place (58 St. Marks Place) A 100-unit (200,000 SF) condominium development at 58 St. Marks Place in Boerum Hill, Brooklyn, featuring a sculptural terra cotta facade with 8,000 custom cast panels, designed by INC Architecture & Design with curated wellness amenities by The Wright Fit. Targeted at design-forward Brooklyn luxury buyers.
• 68 King Street A residential development project at 68 King Street in Hudson Square, Manhattan, where Avdoo acquired the site and announced plans for a luxury residential building. Targeted at Hudson Square luxury residential buyers.
• 601 Union Street A refined Brooklyn living development at 601 Union Street in the heart of Gowanus, offering residences in one of New York City's most historic districts. Targeted at luxury buyers drawn to historic Gowanus character.
• 10 Lenox A 29-unit (53,000 SF) attainable-luxury condominium development in Harlem developed through a unique joint venture with Second Canaan Baptist Church, with the church spanning several floors alongside 29 luxury units. Designed by Fogarty Finger (design architect) with Isaac and Stern as architect of record. Targeted at design-conscious attainable-luxury Harlem buyers.
• 20 Old Fulton A boutique 6,000 SF single-story retail building in DUMBO, Brooklyn, featuring illuminated arches and a crated brick facade. Designed by NV Design Architects and Kookoo Design working within historically designated district constraints. Targeted at retail tenants and investors in DUMBO.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

22 partnerships are on record, tiered core and secondary.

• Frida Escobedo StudiocoreStrategic or Co-development PartnerWorld-renowned architect Frida Escobedo partnered with Avdoo on Bergen Brooklyn, her first-ever condominium project. An AD100 honoree, her work explores material, memory, and modernity. She designed the architectural facade composed of handmade geometric modules.
• WorksteadcoreStrategic or Co-development PartnerAD100 multidisciplinary design studio led by Ryan Mahoney brought its distinct perspective to Bergen Brooklyn, blending familiarity and reinvention to create welcoming yet elevated spaces.
• Alyssa Kapito InteriorscoreStrategic or Co-development PartnerAD100 interior designer and six-time Elle Decor A-Lister known for elegant, bespoke interiors balancing minimalist classicism with contemporary refinement. Selected as interior designer for East 71st Street project.
• Morris Adjmi ArchitectscoreStrategic or Co-development PartnerCelebrated architect known for bridging past and present through thoughtful, contextual design. His multidisciplinary studio creates buildings and interiors rooted in history, shaped by art, and defined by place.
• Brent Buck ArchitectscoreStrategic or Co-development PartnerAward-winning Brooklyn-based architect known for work combining rigor with warmth of craft. Studio creates spaces rooted in collaboration, context, and material curiosity. Led architecture and interiors for Boerum Place.
• INC Architecture & DesigncoreStrategic or Co-development PartnerLed by Adam Rolston, creative director and founding partner. Known for designing objects, spaces, and buildings from intimate to urban scale. Led architectural and interior design of Saint Marks Place.
• DXA StudiocoreStrategic or Co-development PartnerAward-winning architecture firm led by Wayne Norbeck and Jordan Rogove, operating within the laboratory of New York City. Projects bridge past and future while prioritizing health, well-being, and dignity. Led master planning and landscape design for Bergen Brooklyn.
• Robert A.M. Stern Architects (RAMSA)coreStrategic or Co-development Partner200-person international design firm with 50-year history, known for residential, commercial, and institutional work. Serving as design architect for 242 East 71st Street project on Manhattan's Upper East Side.
• DADA GoldbergcoreGTM or Marketing PartnerCreative communications firm led by Rebecca Goldberg-Brodsky and Defne Aydintasbas, working at intersection of design, culture, and media. Guides Avdoo's communications across every project.
• Ransom & DunnsecondaryStrategic or Co-development PartnerLondon-based furniture and interiors studio founded by Julia Ransom and Johanna Dunn. Work explores harmony between aesthetic and function, classic and contemporary, strength and sensuality.
• Alexis Brown InteriorssecondaryStrategic or Co-development PartnerNew York-based interior designer and AD100 talent with seventeen years of experience leading global residential and commercial projects. Refined approach to color, materiality, and space.
• Studio Valle De VallesecondaryStrategic or Co-development PartnerAD100 design studio led by Giancarlo Valle and Jane Keltner de Valle, known for warm, materially rich interiors balancing restraint with quiet expression.
• Second Canaan Baptist ChurchcoreStrategic or Co-development PartnerUnique joint venture partnership for 10 Lenox project. Avdoo partnered with the church to build them a new facility while allowing them to profit from under-utilized land holdings. Church spans several floors; 29 luxury residential units also developed.
• Brook LandscapesecondaryStrategic or Co-development PartnerLandscape design firm established in 2005, designed hundreds of projects in New York region. Collaborated with Avdoo on Boerum Place project.
• TerrainsecondaryStrategic or Co-development PartnerLandscape architects who designed the lush and light-filled central garden for Saint Marks Place project.
• The Wright FitsecondaryStrategic or Co-development PartnerCurated 360-degree holistic wellness and fitness environment for Saint Marks Place residents.
• NV Design ArchitectssecondaryStrategic or Co-development PartnerArchitecture firm collaborating with Avdoo on 20 Old Fulton project in DUMBO, working within historically designated district constraints.
• Kookoo DesignsecondaryStrategic or Co-development PartnerInterior design firm collaborating on 20 Old Fulton boutique retail project in DUMBO.
• Fogarty FingersecondaryStrategic or Co-development PartnerDesign architect for 10 Lenox project, collaborating on interiors that provide elevated experience while maintaining affordable price point.
• Isaac and SternsecondaryStrategic or Co-development PartnerArchitect of record for 10 Lenox project.
• Halstead Property Development MarketingsecondaryChannel Partner/ Reseller/ DistributorSales and marketing team for 10 Lenox project.
• Patrick CullinasecondaryStrategic or Co-development PartnerAward-winning horticulturist and landscape designer with 25+ years experience. Collaborated on Bergen Brooklyn project; previously worked on High Line and Brooklyn Botanical Gardens.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• JDS Development Group: JDS Development is a NYC luxury residential and mixed-use developer known for design-led condo and rental projects with starchitect involvement. Its product positioning, neighborhood focus, and integration of high-end design partners directly overlap with Avdoo's approach.
• Extell Development Company: Extell is one of NYC's most prolific luxury condo developers, building ultra-luxury residential towers primarily in Manhattan. Its scale, luxury focus, and direct-to-buyer condo sales model make it a primary comparable to Avdoo's high-end development pipeline.
• Naftali Group: Naftali Group is a New York City-based luxury residential developer with a comparable vertically integrated model spanning acquisitions, design, construction, and sales. Like Avdoo, it focuses on architecturally distinctive condo projects in prime Manhattan and Brooklyn neighborhoods with high-end pricing.
• The Brodsky Organization: Brodsky is a long-standing NYC residential developer and owner with a portfolio of rental, condo, and mixed-use properties across Manhattan and Brooklyn. Its focus on design quality, NYC neighborhoods, and integrated development/asset management parallels Avdoo's model.
• Douglaston Development: Douglaston is a NYC-based developer of luxury residential and mixed-use projects across Manhattan and Brooklyn, with comparable mid-sized, design-forward condo pipelines. Its scale, geography, and product mix closely resemble Avdoo's luxury residential development model.
• Two Trees Management: Two Trees is a Brooklyn-focused developer of residential, mixed-use, and commercial properties, with deep expertise in neighborhood-scale projects across DUMBO, Williamsburg, and Gowanus. Its Brooklyn concentration and mixed-use capability directly overlap with Avdoo's Boerum Hill, Cobble Hill, and DUMBO portfolio.
• Toll Brothers City Living: Toll Brothers City Living is the urban condo and townhome division of Toll Brothers, focused on luxury for-sale residential in major US cities including New York. It competes directly with Avdoo in the design-forward urban condo segment with comparable pricing and buyer profile.

Broad incumbents

• Vornado Realty Trust: Vornado is a publicly traded REIT with a major Manhattan-focused portfolio of office, retail, and high-end residential properties. While operating at far greater scale and as a public landlord, its NYC luxury residential exposure makes it a relevant broader-market comparable for Avdoo's high-end condo positioning.
• The Related Companies: Related is one of the largest US real estate developers, with extensive NYC luxury residential, mixed-use, and affordable housing developments including Hudson Yards. While much larger and more diversified than Avdoo, it competes in the same NYC luxury condo space with similar buyer profiles.

Others

• Halstead Property Development Marketing: Halstead (now part of Brown Harris Stevens) is a NYC real estate sales and marketing firm that already partners with Avdoo as an external sales channel partner. As a leading condo project marketing specialist, it is a relevant ecosystem peer overlapping with Avdoo's sales/leasing function.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/avdoo.nyc
• Facebookfacebook.com/avdoopartners
• LinkedInlinkedin.com/company/avdoo-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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 Avdoo & Partners Development