What Avery Hall does

Avery Hall is a privately held, founder-owned real estate development firm founded in 2013 by Brian Ezra, Avi Fisher, and Jesse Wark, headquartered in Brooklyn with a regional office in Charlotte, NC. The firm specializes in acquiring, designing, and developing ground-up residential and mixed-use real estate assets — primarily transit-oriented, luxury and mixed-income multifamily rental properties alongside boutique condominiums. Its core activities span site acquisition, in-house architectural and zoning feasibility, land assemblage and entitlements, construction management, leasing, asset management, and long-term hold or disposition. The 1.5 million+ GSF, 1,000+ unit portfolio spans Brooklyn (One Boerum Place, 499 President Street, 655 Union Street, 465 Pacific Street, 325 Henry Street, 145 President Street, 316 Bergen Street, 345 Carroll Street, The 88th in Jamaica Queens, plus planned 120 Fifth Avenue and 1550 Bedford Avenue), Charlotte NC (One Noda Park / 3100 N Tryon, Cullman House / 300 East 36th Street, 2801 S Tryon), and Richmond VA (301 West 6th Street, a 550+ unit two-tower project).

The company generates revenue through a hybrid model: (1) one-time condominium sales at projects such as 145 President Street and 325 Henry Street; (2) recurring rental income from stabilized assets including One Boerum Place (converted from condo in 2021), 655 Union, 499 President, The 88th, and others; (3) ground-floor commercial lease revenue (notably grocery-anchored by Sprouts at One Noda Park, Union Market at 499 President, Bank of America, NY Kids Club, Salons by JC, Royal Palms, and others); and (4) asset and property management fees via Avery Residential for joint-venture partners and third-party owners. Luxury rents at One Boerum Place benchmark at $4,000s for studios, ~$6,000 for two-bedrooms, $8,500-$12,000 for three- and four-bedroom units, with affordable lottery units from $2,000-$3,120.

The firm executes almost exclusively through joint-venture partnerships with institutional capital (Gindi Capital, The Brodsky Organization, Declaration Partners, Bridge Investment Group, Aria, Allegra Holdings, SF Holdings) and secures construction and recapitalization debt from TD Bank, M&T Bank, Bank of New York, Affinius Capital, QuadReal / Global Holdings, and Maxim Capital. Avery Hall pursues a horizontal go-to-market — direct residential sales and leasing to end users alongside direct commercial leasing to retail tenants — supplemented by earned-media coverage in Forbes, Bloomberg, the New York Times, Wall Street Journal, Commercial Observer, and a ULI Award for Excellence finalist recognition for One Boerum Place. The firm has no disclosed external PE/VC ownership and no public market participation.

Name

Avery Hall

Legal name

Avery Hall LLC

Website

https://averyhallinvestments.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Avery Hall is a private, founder-owned real estate developer founded in 2013 that acquires, designs, and develops luxury and mixed-income residential and mixed-use properties in Brooklyn, Charlotte NC, and Richmond VA, serving end-user renters, condo buyers, and ground-floor retail tenants through JV partnerships with institutional capital partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (2361), New Housing For-Sale Builders (236117), Residential Property Managers (531311)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513)

akta.pro primary industry

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

akta.pro secondary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Real estate development
• Mixed-use properties
• Residential construction
• Property investment
• Urban development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Revenue from sale of condominium units to individual buyers. Projects include 145 President Street (sold out 2019), 325 Henry Street, 465 Pacific Street, and others.
2. Residential Rental Income: Ongoing rental income from luxury residential rental properties including One Boerum Place (converted from condo to rental in 2021), 655 Union Street, 499 President Street, and other apartment buildings in the portfolio.
3. Commercial Retail Leasing: Ground-floor retail space leasing to commercial tenants including grocery stores (Sprouts Farmers Market), restaurants, fitness centers, and other retail operators in mixed-use developments.
4. Asset Management Fees: Management of properties for joint venture partners and third-party owners, including property management services through Avery Residential.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Avery Hall is a Brooklyn-based real estate investment and development firm that acquires, designs, develops, and operates residential and mixed-use real estate assets in New York City and select Southeast markets (Charlotte NC, Richmond VA). The firm's core offerings include luxury condominiums for sale, large-scale mixed-use mixed-income rental apartment buildings, and ground-floor retail spaces leased to commercial tenants such as grocers, restaurants, and service providers. Operations span the full development lifecycle — from architectural and zoning feasibility studies through construction, leasing, and ongoing property management via its Avery Residential subsidiary.

Product overview

Avery Hall is a real estate investment and development firm specializing in the acquisition, design, and development of residential and mixed-use properties. The company's portfolio consists of distinct real estate development projects across Brooklyn (One Boerum Place, 655 Union Street, 499 President Street, 465 Pacific Street, 325 Henry Street, 145 President Street), the Carolinas (One NoDa Park/Cullman House in Charlotte, 2801 S Tryon Street), Richmond VA (301 West 6th Street), and Jamaica Queens (The 88th). Projects range from boutique condominiums (8-32 units) to large-scale mixed-use developments (150-350+ units) featuring residential units, ground-floor retail, amenity spaces, and structured parking. The company operates through co-development partnerships and joint ventures with firms including Gindi Capital, Brodsky Organization, Aria Development Group, Declaration Partners, and Bridge Investment Group.

Differentiator

Problem solved

Functional benefit

Products and services

• One Boerum Place A 23-story luxury mixed-use tower in Downtown Brooklyn offering residential units (luxury rentals after a 2021 pivot from condominiums) along with ground-floor retail, rooftop lounge, and fitness center, for individual renters and retail tenants.
• 655 Union Street / 204 4th Avenue A 13-story, 193-unit mixed-use mixed-income rental development on the Gowanus/Park Slope border with 14,000 SF of ground-floor retail, rooftop pool, and transit-oriented design adjacent to the Union Street subway station, for individual renters and commercial tenants.
• 499 President Street An 8-story, 350-unit mixed-income rental development in Gowanus with approximately 20,000 SF of ground-floor retail, rooftop amenities including swimming pool, and co-working spaces, for individual renters and retail tenants.
• 300 East 36th Street (Cullman House) An 8-floor, 294-unit multifamily rental project in Charlotte's NoDa neighborhood adjacent to the 36th Street Lynx Blue Line station, with 6,800 SF of ground-floor retail and podium parking, for individual renters and retail tenants.
• 3100 North Tryon Street / One NoDa Park A 383-unit multifamily development in Charlotte's NoDa district with 27,000 SF of retail space, anchored by Sprouts Farmers Market, and including a public plaza and full amenity package, for individual renters and retail tenants.
• 2801 S Tryon Street A 263-unit residential development in Charlotte's South End, featuring 1,200 SF of retail, 315 parking spaces, and amenities including co-working space, fitness center, pool courtyard, and pickleball court, for individual renters and a small retail footprint.
• 301 West 6th Street (Richmond) An 18-story multi-phased high-rise apartment project in Richmond's Manchester neighborhood adjacent to the James River, featuring over 550 units across two towers, for individual renters.
• The 88th (Jamaica, Queens) A 9-story, 220-unit class A residential development near Rufus King Park in Downtown Jamaica, Queens with mixed-income units, subterranean parking, and ground-floor wellness-focused amenities, for individual renters.
• 325 Henry Street A boutique 4-story, 8-unit luxury condominium in the Cobble Hill Historic District with automated parking system and 18-foot high ground-floor retail space, for individual condominium buyers.
• 145 President Street A 7-story, 17-unit boutique residential condominium in Carroll Gardens with fitness center, children's art room, private terraces, and 15 parking spaces, for individual condominium buyers. Sold out in 2019.
• 120 Fifth Avenue (Park Slope) A 300,000 SF mixed-use development in Park Slope with 160 rental units (including 25% affordable housing), 95,000 SF of retail including a 22,000+ SF supermarket anchor, and a 200-vehicle parking structure, for renters and retail tenants.
• 316 Bergen Street (The Bergen) An 8-story, 84-unit boutique luxury residential rental building in Boerum Hill with attended lobby, roof deck, fitness center, and 42-space parking garage, for individual renters.
• 465 Pacific Street An 85,000 SF mixed-use development with 30 residential units, 15,000 SF of retail on two levels, fitness center, and private terraces in Boerum Hill, Brooklyn, for individual renters/buyers and retail tenants.
• 345 Carroll Street A 32-unit, 90,000 SF luxury condominium in Carroll Gardens with 22 parking spaces, fitness center, private gardens, and attended lobby, for individual condominium buyers.
• 1550 Bedford Avenue (Crown Heights) An acquired stalled development site in Crown Heights, Brooklyn fronting Eastern Parkway, held for future development, acquired through bankruptcy process with Maxim Capital providing debt.
• Avery Residential Property Management In-house property management services for luxury residential rental buildings in the firm's portfolio and joint-venture partner assets, covering leasing, operations, capital improvements, and tenant relations.

Quantifiable outcome

• Over $1 billion in development and investment activity
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Gindi CapitalcoreStrategic or Co-development PartnerJoint venture partner with Avery Hall on 655 Union Street (204 4th Avenue) development. Gindi Capital and Avery Hall secured $110M construction financing for the 13-story, 193-unit mixed-use project in Gowanus, Brooklyn.
• The Brodsky OrganizationcoreStrategic or Co-development PartnerJoint venture partner on 499 President Street development. Brodsky joined Avery Hall on the 350-unit mixed-use project in Gowanus, which also secured $155M construction financing from M&T Bank and Bank of New York.
• Aria Development GroupcoreStrategic or Co-development PartnerLong-standing development partner on multiple projects including One Boerum Place (with Allegra Holdings), 145 President Street, 465 Pacific Street, and Charlotte developments.
• Allegra HoldingscoreStrategic or Co-development PartnerDevelopment partner on One Boerum Place, 145 President Street, 465 Pacific Street, and 325 Henry Street projects.
• JLLminorImplementation/ SI/ Consulting PartnerArranged construction financing for 204 4th Avenue; JLL's Capital Markets Group raised equity for the firm's projects.
• Columbia UniversityminorOthersMultiple team members hold MS in Real Estate Development from Columbia and serve as adjunct faculty and lecturers. Strong pipeline relationship for talent recruitment.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Adam America Real Estate: New York-based residential developer specializing in ground-up condominium and mixed-use projects in Brooklyn and Queens; closely matches Avery Hall's condo- and mixed-income multifamily strategy in similar submarkets.
• New Empire Corp: NYC-focused condominium and mixed-use developer with a portfolio of boutique and mid-rise residential product in Brooklyn; comparable project profile and pricing tier to Avery Hall's condo and rental pipeline.
• Charney Companies: Brooklyn-focused real estate developer active in multifamily and mixed-use product across similar brownstone neighborhoods; directly comparable in scale, product type, and geographic focus to Avery Hall's New York portfolio.
• The Gotham Organization: NYC-based developer of mixed-use, residential, and condominium product with significant Brooklyn portfolio; similar project scale, mixed-use strategy, and reliance on joint venture capital partners.
• Douglaston Development: New York mixed-income and market-rate multifamily developer with a long history of large-scale, mixed-use residential projects across the five boroughs, including transit-oriented sites — comparable scale, mixed-income strategy, and JV model.
• Naftali Group: NYC residential developer focused on luxury condominium and rental product in Brooklyn and Manhattan; comparable scale, design quality emphasis, and pricing tier to Avery Hall's downtown and brownstone Brooklyn projects.

Broad incumbents

• Taconic Partners: NYC-focused mixed-use developer with activity across residential, commercial, and life sciences; broader portfolio mix than Avery Hall but overlapping on large-scale mixed-income development and partnerships with institutional capital.
• L+M Development Partners: Larger, established mixed-income and affordable housing developer across NYC and the East Coast; broader portfolio and headcount than Avery Hall but overlapping on mixed-income multifamily, affordable/lottery execution, and institutional JV partnerships.
• Trammell Crow Residential: National multifamily developer (subsidiary of Crow Holdings) active across multiple Sun Belt and East Coast markets including Charlotte and the Carolinas; comparable product type and geographic expansion thesis to Avery Hall's Southeast push.
• The NRP Group: National multifamily developer with strong Sun Belt presence including Charlotte and Richmond; broader geographic reach than Avery Hall but overlapping on product type (Class A garden and mid-rise apartments) and transit-oriented mixed-use development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/averyhallinvest

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 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 Avery Hall