Macklowe Properties
Macklowe Properties is a privately held, vertically integrated Manhattan real estate developer founded in the mid-1960s that builds, owns, and manages luxury residential condominiums and Class A commercial properties, serving high-net-worth buyers and corporate tenants through direct trophy-project sales.
- Company typePrivate
- Founded1965
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Macklowe Properties does
Macklowe Properties is a privately held, vertically integrated Manhattan real estate development firm founded in the mid-1960s by Harry Macklowe. The company develops, owns, and manages luxury Class A residential and commercial real estate across Manhattan's most prestigious submarkets, with current projects spanning 432 Park Avenue (a 96-story, 1,396-foot tower — the tallest residential building in the Western Hemisphere), the One Wall Street office-to-condominium conversion, 200 East 59th Street, 737 Park Avenue, 150 East 72nd Street, and TowerFifth. The firm has cumulatively developed more than 13 million square feet and is associated with over $20 billion of NYC building investments, with landmark past transactions including the 2003 acquisition of the General Motors Building for $1.4 billion and the Apple Cube flagship store.
The company generates revenue through three streams: one-time condominium and commercial property sales (closing-driven), recurring rental income from owned residential and commercial assets (e.g., River Tower, Riverbank West), and recurring property management, leasing, and accounting services. It executes a direct enterprise field sales motion — selling unbranded trophy product directly to high-net-worth residential buyers and corporate commercial tenants, with no publicly disclosed pricing and no intermediary brokers. The firm combines design, planning, construction, management, leasing, financing, and executive ownership in-house and partners selectively with architectural firms (Rafael Viñoly, Deborah Berke Partners), capital partners (CIM Group, Related Group), and anchor tenants (Apple) on a project-by-project basis.
The customer base is concentrated in two primary segments: high-net-worth individuals purchasing Manhattan luxury condominiums, and corporate tenants occupying Class A Manhattan office space. A third, more recent segment — South Florida luxury buyers — has been activated through the 2025 Ritz-Carlton joint venture with Related Group. The firm operates from a single New York headquarters with a lean 11–50 person team, and has no parent company, public listing, or disclosed institutional outside capital.
Macklowe Properties firmographics
Firmographics- Name
- Macklowe Properties
- Legal name
- Macklowe Properties
- Website
- https://mackloweproperties.com
- Company type
- Private
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Macklowe Properties is a privately held, vertically integrated Manhattan real estate developer founded in the mid-1960s that builds, owns, and manages luxury residential condominiums and Class A commercial properties, serving high-net-worth buyers and corporate tenants through direct trophy-project sales.
- Ownership category
- akta.pro rank
Macklowe Properties industry classification
Industry- Product category
- Luxury Real Estate Development
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Rental and Leasing Services (532), Real Estate and Rental and Leasing (53)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Single-Family Rental (SFR) Property Management (BPAJAFAB)
- akta.pro secondary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where Macklowe Properties is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Macklowe Properties business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Property Sales: Sale of residential condominiums and commercial properties developed by the company. Revenue realized upon closing of property transactions.
- Property Rental: Rental income from residential and commercial properties owned by the company, including luxury rental buildings like River Tower and Riverbank West.
- Property Management: Management and operation of owned real estate assets including leasing, accounting, and maintenance services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Macklowe Properties product offering
Product offeringCore offering
Macklowe Properties is a vertically integrated real estate development firm that develops, acquires, repositions, and manages luxury residential condominiums, Class A commercial office buildings, and mixed-use properties across Manhattan. The company sells condominium residences in trophy towers (e.g., 432 Park Avenue, One Wall Street), leases Class A office and retail space to corporate tenants, and operates owned residential rental buildings, supported by in-house property management, leasing, accounting, and capital markets functions.
Product overview
Macklowe Properties is a New York-based real estate development firm that offers a portfolio of residential and commercial real estate projects. The company operates as a unified development platform with vertical integration combining design, planning, construction, management, leasing, and financing. Their current product portfolio includes luxury residential condominiums (432 Park Avenue, One Wall Street, 200 East 59th Street, 737 Park Avenue, 150 East 72nd Street), mixed-use commercial buildings (TowerFifth), and retail spaces (432 Park Retail). Past projects include landmark properties such as the General Motors Building, The Apple Store, Metropolitan Tower, and 510 Madison. The company was founded in the mid-1960s by Harry Macklowe and has developed over 13 million square feet of real estate across Manhattan's commercial and residential submarkets.
Differentiator
Problem solved
Functional benefit
Products and services
- 432 Park Avenue 96-story, 1,396-foot residential tower, the tallest residential building in the Western Hemisphere, located on Park Avenue between 56th and 57th Streets. Currently the most prominent luxury condo offering in Macklowe's active portfolio.
- One Wall Street Fifty-story limestone Art Deco landmark tower acquired in 2014 and being converted into luxury condominiums, located at the corner of Broadway and Wall Street as part of a $2 billion conversion project completed by end of 2020.
- 200 East 59th Street 35-story residential condominium development featuring 67 residences with innovative design elements including white oak plank flooring, white marble, continuous terraces, and column-free interiors surrounded by walls of glass.
- 737 Park Avenue 20-story luxury condominium residence originally built in 1940, transformed into contemporary condominiums with solid oak floors, new casement windows, 24-hour doorman, fitness center, and garden room.
- 150 East 72nd Street 12-story boutique condominium undergoing complete transformation 100 years after construction, enhancing infrastructure and design aesthetic to contemporary luxury living standards under in-house architecture and design oversight.
- TowerFifth Mixed-use commercial building located on 51st and 52nd Streets between Fifth Avenue and Madison Avenue.
- 432 Park Retail Premium retail space located at Park Avenue and 57th Street, featuring 115 feet of 57th Street frontage, two full floors plus concourse, column-free floor plates, high ceilings, modern glass curtain wall, and four floors of commercial space.
- Property Management Services In-house management and operation of Macklowe-owned real estate assets, including leasing, accounting, and maintenance services across residential and commercial properties.
- Property Rental Operations Recurring rental income generated from residential rental buildings (e.g., River Tower, Riverbank West, Longacre House) and commercial space owned and operated by Macklowe.
Companies that use Macklowe Properties
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Macklowe Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Macklowe Properties partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- Related GroupflagshipJoint venture with Related Group for a waterfront condo project in North Bay Village, Florida, planned to be branded as Ritz-Carlton. The project includes two 500-foot towers with 364 condos, a public park, and a marina.
- CIM GroupcoreCo-developer with Macklowe Properties on 432 Park Avenue project. Currently involved in legal disputes with condo owners alleging construction defects including flooding, noise issues, and wall cracks.
- Apple Inc.flagshipApple's flagship store (Apple Cube) at the GM Building - a 32-foot tall glass cube with 23,000 square foot below-grade retail, Apple's largest and only 24-hour flagship store.
- Rafael ViñolycoreArchitectural firm that designed 432 Park Avenue, the tallest residential building in the western hemisphere at 1,396 feet.
- Deborah Berke PartnerscoreInterior designers for 432 Park Avenue residences, featuring 12'6" ceiling heights and expansive windows.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Macklowe Properties competitors and assessment
Company assessmentDirect peers
- Tishman Speyer: Global real estate developer with substantial NYC trophy portfolio (Rockefeller Center, Chrysler Center, The Spiral). Comparable vertical integration across development, ownership, and asset management at scale.
- The Durst Organization: Family-controlled NYC real estate developer (One Bryant Park/Bank of America Tower, 55 West 46th Street). Highly comparable as a long-tenured, vertically-integrated, founder-controlled Manhattan developer with similar luxury office and mixed-use focus.
- Fisher Brothers: Family-owned NYC commercial real estate firm with trophy Class A office holdings (299 Park Avenue, 1345 Avenue of the Americas). Comparable founder-controlled, Manhattan-focused model with similar long-term trophy asset strategy.
- Extell Development Company: NYC-focused luxury developer led by Gary Barnett; developed One57, Central Park Tower, and other trophy Manhattan condos that directly compete with Macklowe's 432 Park Avenue and One Wall Street in the ultra-luxury segment.
- Rudin Management Company: Family-owned NYC developer/owner of trophy office buildings (3 Times Square, 32 Old Slip, One Battery Park Plaza). Highly comparable family-controlled, vertically-integrated Manhattan commercial real estate operator with century-long tenure.
- Naftali Group: Boutique NYC luxury residential developer (One Madison, 215 West 28th Street, Supertall-related projects). Competes in the same luxury Manhattan condo segment as Macklowe's 432 Park Avenue, 200 East 59th Street, and One Wall Street.
- Related Companies: Major NYC-founded real estate developer (Time Warner Center, Hudson Yards) and current joint-venture partner with Macklowe on the Ritz-Carlton North Bay Village, FL project. Most directly comparable peer given overlapping luxury residential/condo expertise and JV relationship.
Broad incumbents
- Boston Properties: Large publicly-traded office REIT with major NYC trophy holdings (Brookfield Place, 250 West 55th Street). Comparable in trophy Class A office focus, though public REIT structure differs from Macklowe's private model.
- SL Green Realty: Largest NYC office REIT with concentrated Manhattan Class A office portfolio. Comparable in trophy-office focus and NYC market depth, though structured as a public REIT vs. Macklowe's private developer model.
- Vornado Realty Trust: NYC-focused REIT with significant Manhattan trophy office (1290 Avenue of the Americas, 555 California) and selective retail/residential holdings. Overlaps Macklowe's commercial leasing and trophy-asset positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Macklowe Properties social profiles
Digital presenceMacklowe Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Macklowe Properties leadership team
Management profileNumber of profiles
Profiles6 records
Macklowe Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Macklowe Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Macklowe Properties
What does Macklowe Properties do?
Macklowe Properties is a vertically integrated real estate development firm that develops, acquires, repositions, and manages luxury residential condominiums, Class A commercial office buildings, and mixed-use properties across Manhattan. The company sells condominium residences in trophy towers (e.g., 432 Park Avenue, One Wall Street), leases Class A office and retail space to corporate tenants, and operates owned residential rental buildings, supported by in-house property management, leasing, accounting, and capital markets functions.
Is Macklowe Properties a public or private company?
Macklowe Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Macklowe Properties founded?
Macklowe Properties was founded in 1965. It employs 11 to 50 people.
Where is Macklowe Properties based?
Macklowe Properties is headquartered in New York, United States, in the North America region.
How does Macklowe Properties make money?
Three revenue lines are on record. Property Sales are the primary driver. The others are property Rental and property Management.
Who are Macklowe Properties's main competitors?
Direct peers on record are Tishman Speyer, The Durst Organization, Fisher Brothers, Extell Development Company, Rudin Management Company, Naftali Group and Related Companies. Broad incumbents are Boston Properties, SL Green Realty and Vornado Realty Trust.
Does Macklowe Properties have an API?
No public API is recorded for Macklowe Properties.
What industry is Macklowe Properties in?
Macklowe Properties's product category is Luxury Real Estate Development. Its primary akta.pro industry code is BPAJAFAB, Single-Family Rental (SFR) Property Management, with a secondary code of FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 531120 and its SIC code is 6532.