Barone Management

What Barone Management does

Barone Management is a vertically integrated real estate development and construction firm founded in 1999 by Scott Barone and headquartered in Roslyn, New York. The firm develops and holds properties for its own account across hospitality, multifamily, industrial and flex, mixed-use, self-storage, and educational asset classes, with an exclusive operational focus on the New York City metropolitan market and Long Island. Its core product lines include ground-up hotel development under brands such as Marriott, IHG, Wyndham, and Pestana (CR7); charter school facilities under long-term pre-leases; the purpose-built small-bay industrial property The Woodworks LIC in Long Island City; mixed-use projects incorporating affordable and senior housing; and self-storage facilities in partnership with Tuck-It-Away Associates. The firm operates an in-house general contracting division alongside its development arm, which provides direct cost control, schedule certainty, and quality oversight compared to developers that outsource construction, and is the largest private landlord to charter schools in New York City, with 7 projects in development and 5 fully operating.

The firm makes money through a combination of recurring rental income from owned and operated properties (commercial and industrial leasing, charter school ground leases), hotel operations income during asset-holding periods, long-term asset appreciation, and development fees. It historically self-funded projects but began accepting outside capital in 2018 and now raises project-level equity through crowdfunding platforms CrowdStreet and RealtyMogul at minimums of $25,000-$35,000, with targeted investor IRRs of 20.8-22.5% and equity multiples of 2.19x. Construction financing is sourced from regional and boutique lenders including Metropolitan Commercial Bank, Madison Realty Capital, and Talonvest. The firm announced a $40 million target capital fund in 2021, signaling a transition from project-by-project to pooled capital formation. Its customers span charter school operators (Renaissance, Bronx Charter School for Children, International Charter Schools), SMB tenants at The Woodworks LIC, hotel brand partners, and accredited investors.

Barone Management's go-to-market combines direct deal sourcing, broker relationships, competitive bidding, community-board engagement, and crowdfunding platform distribution. It has developed over 2.5 million square feet valued in excess of $800 million since inception, with operational signals pointing to active development across all five NYC boroughs and into Nassau County.

Name

Barone Management

Legal name

Barone Management, LLC

Website

https://baronemanagement.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Barone Management is a New York City metropolitan-area real estate developer and in-house general contractor specializing in charter schools, hotels, industrial/flex, multifamily, and self-storage projects developed for its own long-term ownership.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Nonresidential Property Managers (531312), Residential Property Managers (531311), Lessors of Miniwarehouses and Self-Storage Units (53113), Lessors of Other Real Estate Property (531190)

SIC

Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532), Real Estate Operators (No Developers) & Lessors (6510), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Self-Storage Property Management (BPAJAGAM), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Mixed-Use Property Management (BPAJAGAE)

Keywords

• Real estate development
• Construction management
• Charter school facilities
• Hospitality development
• Industrial flex space

Headquarters

HQ city

Roslyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Long-Term Ownership: Barone Management develops properties (hotels, multifamily, charter schools, industrial/flex, mixed-use) for its own account with an emphasis on long-term ownership. The firm acquires land/leaseholds, constructs buildings, and holds them as operating assets. Revenue is generated through rental income, hotel operations (for owned hotels), and long-term appreciation. The firm has historically been self-funded but recently began accepting outside equity partners.
2. General Contracting / Construction Management: The firm provides construction management services both for its own developments and previously for external clients. The in-house construction capability serves as both a cost center (controlling construction costs on owned projects) and a revenue stream from fee-based construction management during its first decade of operations (1999–2008).
3. Crowdfunding Platform Equity Raises: Barone Management raises equity capital through online crowdfunding platforms (CrowdStreet, RealtyMogul) for individual development projects. Investors provide equity contributions in exchange for targeted IRRs (e.g., 22.5% for Bronx Charter School, 20.8% for Queens Charter School) and cash yields. Barone takes a sponsor/developer position and manages the project.
4. Ground Lease and Development Partnerships: Barone Management has historically entered into ground lease arrangements (e.g., 99-year ground leases) with landowners, developing hotels and other assets as ground lessee. The firm also partners with hotel operators (Pestana Hotel Group, McSam Hotel Group) where Barone develops and owns the asset but a brand/operator manages the hotel. Revenue from these arrangements includes ground lease income participation and asset appreciation.
5. Commercial and Industrial Leasing: Barone Management leases warehouse, industrial, flex office, and commercial space at properties like The Woodworks LIC to small and medium-sized business tenants. Revenue is generated through monthly rent payments. At The Woodworks LIC, asking rents ranged as high as the $40s per square foot for warehouse space.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Barone Management is a vertically integrated real estate development and construction management firm that develops, constructs, and holds for long-term ownership commercial real estate assets in the New York City metropolitan market across hospitality (hotels), charter school facilities, industrial/flex-space, mixed-use residential, and self-storage. The firm pairs an in-house construction management division with its development division to provide cost control, schedule certainty, and quality oversight. It operates as both developer and long-term owner of its assets, generating revenue through rental income, brand-managed hotel operations, pre-leased educational facility leases, and recent equity raises via crowdfunding platforms.

Product overview

Barone Management is a dual-platform construction and development company operating in the New York City metro market. Founded in 1999, the company operates both a construction management division and a real estate development division that builds and holds properties for its own account. The company's product portfolio includes Hotel Development (partnering with brands like Marriott, Wyndham, Pestana CR7, IHG), Charter School Development (constructing facilities for operators like Renaissance Charter School), Industrial and Warehouse Properties (The Woodworks LIC flex-space property), Mixed-Use Residential Development (with affordable housing and senior housing components), Self-Storage Development, and Property Management services. The firm has developed over 2.5 million square feet valued in excess of $800 million across hospitality, commercial, industrial, and community facility sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Development Ground-up hotel development and construction in New York City metro area for hotel brand partners including Marriott (Fairfield Inn & Suites Midtown, 227 rooms), Wyndham Garden LaGuardia, Pestana (CR7 by Pestana at 338 West 39th Street, 177 rooms), IHG (Even Hotel Brooklyn, 202 rooms), and Arlo (Arlo SoHo, 328 rooms). The firm develops and owns the asset while brand partners operate under franchise/management agreements.
• Charter School Development Development of charter school facilities including ground-up construction and renovation of educational buildings for charter school operators such as Renaissance Charter School (67,286 SF, K-12, 1,053 students, Elmhurst Queens), Bronx Charter School for Children (24,300 SF renovation with 4,200 SF addition, South Bronx), and International Charter Schools (50,000 SF custom five-story building, Clinton Hill Brooklyn, 725 K-8 students). Includes long-term pre-leased (20-31 year) charter school developments, recognized as NYC's largest private landlord to charter schools with 7 projects in development and 5 fully operating.
• Industrial and Warehouse Properties Development of industrial and flex-space properties targeting small and medium-sized business tenants, exemplified by The Woodworks LIC property in Long Island City (9-03 44th Rd., 90,000 SF) with 21-foot ceilings, polished concrete floors, large garage bays, and partitioned units of 2,000-3,000 SF. Tenants include Daikin (13,508 SF), Jenna Gang Photography (2,222 SF plus 350 SF terrace), Wild Flour NYC (1,119 SF bakery), Montana DataCom (5,257 SF), HUNGRY (2,789 SF), Firmont Capital (2,137 SF), 809 Cakes (2,127 SF), and CityPickle (10,110 SF, 10-year lease, pickleball courts). Asking rents in the $40s per square foot.
• Mixed-Use Residential Development Development of mixed-use properties combining residential units with community facilities, including deed-restricted affordable housing (15% affordable units at Dyker Heights), senior housing facilities, and educational/charter school components. Projects incorporate community feedback and respond to city mandates in neighborhoods such as Dyker Heights (Brooklyn), Jamaica (Queens), and Elmhurst (Queens).
• Self-Storage Development Ground-up development of self-storage facilities in partnership with Tuck-It-Away Associates. The 10 Gordon Drive project in Syosset, NY includes 1,025 climate-controlled units and 86 drive-up units totaling 103,440 net rentable square feet, operated under a management agreement with Extra Space Storage. Long Island self-storage market showed 94% occupancy and 10% rent growth over prior 12 months.
• Property Management Property management services for owned real estate holdings, managing hospitality, multifamily, office, and industrial assets throughout the New York City metro market.

Quantifiable outcome

• Developed over 2.5 million square feet valued in excess of $800 million across the NYC metro market
• +5 more outcomes

Named customers14 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

16 partnerships are on record, tiered core and minor.

• CityPicklecoreChannel Partner/ Reseller/ Distributor · 1 September 2023CityPickle leased a 10-year deal with renewal options at The Woodworks LIC (9-03 44th Rd., Long Island City) for its first permanent brick-and-mortar pickleball venue, bar, shop, and restaurant. Asking rent was $42.50 per foot. The lease included 10,110 SF on the ground floor with 4 indoor courts and a restaurant. CityPickle is backed by notable investors including Drake, Kevin Durant, and Michael B. Jordan.
• Greiner-Maltz Real EstateminorChannel Partner/ Reseller/ Distributor · 1 September 2023Greiner-Maltz Real Estate (Jonathan Rothstein, Kostas Alafoyiannis, and Ryan Maltz) represented the owner/developer Barone Management in the CityPickle lease transaction at The Woodworks LIC.
• Avison YoungminorChannel Partner/ Reseller/ Distributor · 1 September 2023Avison Young (Marty Cottingham, Patrick Steffens, and Alexis Odgers) represented CityPickle in its lease at The Woodworks LIC.
• NewmarkminorChannel Partner/ Reseller/ Distributor · 1 September 2023Newmark (Caleb Petersen and Ravi Idnani) represented CityPickle in its lease of space at The Woodworks LIC in Long Island City.
• Tuck-It-Away AssociatescoreStrategic or Co-development Partner · 1 March 2023Barone Management entered into a joint-venture partnership with Tuck-It-Away Associates to develop the 10 Gordon Drive Self-Storage facility in Long Island. Tuck-It-Away brings self-storage development expertise, having completed 15 self-storage projects in the NYC metro and Miami markets, with over 700,000 square feet valued at over $200M.
• Stephen B. Jacobs GroupcoreTechnology or Integration · 1 March 2023Stephen B. Jacobs Group is the architect of record for multiple Barone hotel projects, including the CR7 by Pestana Hotel at 338 West 39th Street and the 456 Greenwich Street Tribeca hotel. For the Jamaica/Elmhurst mixed-use and charter school project, SBJG served as architect for both the residential building and the charter school.
• Lee & Associates NYCminorChannel Partner/ Reseller/ Distributor · 1 August 2022Lee & Associates NYC's National Investment Services Group (Ben Tapper, director) represented the fee owner (Gargiulo family) and procured Scott Barone as leaseholder for three properties in the Bronx at 629 Courtlandt Ave., 1680 Southern Blvd., and 4035 White Plains Rd. The three buildings total over 66,000 SF with 74,000 SF of combined air rights for community facility use.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ Distributor · 1 August 2021Cushman & Wakefield (Joshua Kleinberg and Dale Braverman) represented Barone Management as exclusive leasing agent for The Woodworks LIC. The brokerage arranged seven leases totaling over 30,000 SF within four months of leasing efforts, achieving 30% occupancy of the 90,000 SF property.
• Renaissance Charter SchoolcoreStrategic or Co-development Partner · 1 January 2021Barone Management developed the Renaissance Charter School at 45-20 83rd Street in Elmhurst, Queens under a 31-year pre-lease. The school, one of the oldest and highest-ranked charter schools in NYC, signed the lease to occupy the 67,286 SF building. The school serves a majority population of minority students, multi-language learners, and economically disadvantaged children.
• Ivy RealtyminorChannel Partner/ Reseller/ Distributor · 1 December 2020Ivy Realty acquired the CR7 by Pestana Hotel at 338 West 39th Street from Sam Chang's McSam Hotel Group (in which Barone was a partner) for $31.5M. The 175-key hotel spans 59,244 SF and was originally scheduled to open in 2020 but the pandemic affected plans.
• International Charter Schools (ICS)coreStrategic or Co-development Partner · 1 April 2019Barone Management plans to build a custom 50,000 SF, five-story building for International Charter Schools at 30 Clinton Avenue in Clinton Hill, Brooklyn. ICS currently teaches over 350 elementary students from two temporary locations in Downtown Brooklyn and will expand to 725 children K-8 in the new facility. Community Board 2 approved the school's application by a 27-7 vote.
• CBREcoreChannel Partner/ Reseller/ Distributor · 1 August 2018CBRE (Daniel Kaplan, Tim Sheehan, and John Reinertsen) marketed the Angel Guardian Home property for the Sisters of Mercy and represented the seller in Barone's $37.5M acquisition. Tim Sheehan also represented the seller in the subsequent Dyker Heights deal.
• Sisters of MercyminorOthers · 1 August 2018Barone Management purchased the former Angel Guardian Home from the Sisters of Mercy for $37.5M. The Sisters of Mercy were the longtime owners of the old orphanage complex. The sale included deed restrictions requiring affordable housing (15% of units) and facilitated community engagement that shaped Barone's development plans.
• Pestana Hotel GroupcoreStrategic or Co-development Partner · 1 June 2018Barone Management served as developer and ground lessor for the CR7 by Pestana Hotel at 338 West 39th Street in Times Square, a 25-story, 177-room hotel branded under Pestana's lifestyle hospitality flag CR7 — a partnership between Pestana Hotel Group and soccer star Cristiano Ronaldo. This was the second CR7 hotel in the US and served as Pestana's US flagship. Barone was a development partner alongside Sam Chang/McSam Hotel Group.
• Sisters of St. DominicminorOthers · 1 June 2018Barone Management acquired two parcels of land (295,000 buildable SF at 89-25 161st St. and 89-25 162nd St.) in Jamaica, Queens from the Sisters of St. Dominic for $20M in cash. The sites include the former Dominican Commercial High School building (founded 1936) and a convent building.
• McSam Hotel Group (Sam Chang)coreStrategic or Co-development Partner · 1 January 2013Barone partnered with hotel developer Sam Chang on multiple hotel projects in NYC starting in 2008-2011. The partnership included the development of the Arlo Hotel at 231 Hudson Street in Tribeca (160 rooms) and the Even Hotel Brooklyn at 40 Nevins Street (202 rooms), both sold in 2013. Barone held 25% and 20% partnership stakes respectively, generating approximately $150M in profit on $6M cash investment.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: Related is one of the largest US real estate developers with extensive NYC operations spanning affordable housing, mixed-use, and commercial developments. It operates as a broad incumbent with overlapping affordable housing and mixed-use verticals, but at vastly greater scale than Barone.
• Vornado Realty Trust: Vornado is a NYC-focused REIT with significant office, retail, and development holdings in Manhattan. While operating at much larger scale as a public REIT, it shares Barone's NYC-centric commercial real estate focus and operates in overlapping submarkets like Times Square and Lower Manhattan.
• Extell Development Company: Extell is a major NYC-based luxury and mixed-use developer known for large-scale residential and hotel projects. It is comparable as a NYC hotel and mixed-use developer, though focused on the high-end luxury segment where Barone does not compete.

Direct peers

• The Gotham Organization: Gotham is a NYC-based developer of mixed-use, multifamily, and commercial properties with a strong focus on community-oriented development. It shares Barone's emphasis on community engagement, mixed-use projects with affordable housing components, and NYC-focused development pipeline.
• Lettire Construction: Lettire Construction is a NYC-based construction management and development firm with significant charter school and public facility experience. It directly competes with Barone in NYC charter school construction and serves similar institutional clients including the NYC SCA.
• TF Cornerstone: TF Cornerstone is a major NYC-based real estate developer focused on multifamily, mixed-use, and commercial properties across the five boroughs. It is comparable to Barone as a vertically integrated NYC developer with a similar geographic focus and asset class mix including mixed-use and affordable housing.
• Civic Builders: Civic Builders is a NYC-based nonprofit charter school developer that develops and finances educational facilities. It is the most direct peer to Barone's charter school development vertical, sharing the same target market (charter school operators) and public funding mechanisms, though it operates as a nonprofit.
• Mega Contracting Group: Mega Contracting is a NYC-based general contractor and developer specializing in hospitality, multifamily, and mixed-use projects. It directly competes with Barone for NYC hotel construction contracts and shares the dual construction/development platform model.
• Plaza Construction: Plaza Construction is one of NYC's largest general contractors and developers, with a portfolio spanning hospitality, residential, and commercial. It shares Barone's vertical integration model (construction + development) and NYC hotel/luxury development focus, though at significantly larger scale.

Regional players

• CB Developers: CB Developers (Chadbourne & Byrd) is a NYC-based real estate development and investment firm focused on mixed-use and commercial properties. It is comparable to Barone as a mid-sized NYC developer with similar asset class breadth, though smaller scale and without the charter school specialization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Barone Management