Anbau

What Anbau does

Anbau is a New York City-based luxury residential real estate developer and investor founded in 1998 by Stephen L. Glascock. The company develops and invests in premier condominium and rental properties across Manhattan's most prestigious neighborhoods — Flatiron, Chelsea, Upper East Side, Upper West Side, Clinton, and East Village — plus a 72-acre conservation estate subdivision in Rhode Island. Its portfolio comprises 10+ major buildings totaling approximately 1 million square feet and 500+ units, with sub-brands including Citizen, Citizen 360, Harsen House, Flatiron House, and Loft 55. The company differentiates through design quality, sustained partnerships with top-tier architecture firms (COOKFOX, SHoP, Morris Adjmi, BKSK, Pembrooke & Ives, Clodagh), and early adoption of LEED sustainable-building certification (Silver at Harsen House 2018, Gold at Citizen 2012).

Anbau's business model rests on two revenue streams: (1) one-time condominium unit sales at luxury price points in prime Manhattan locations, sold through dedicated project sales offices, project-specific websites (e.g., citizen360.com, 207w79.com), and Manhattan real estate broker networks; and (2) recurring rental income from a smaller East Village rental portfolio (94 units across 50-58 East 3rd Street and 53-55 First Avenue). The go-to-market motion is sales-led, targeting HNW individual buyers through direct sales offices, earned media coverage in The Real Deal, NYT, WSJ, Forbes, and Curbed, plus organic social (Facebook with 160,100+ followers, LinkedIn). Leadership is a compact executive team of four (Chairman, Vice-Chair, CFO, Director of Development) combining architecture credentials with institutional real estate finance expertise; the firm is privately held by founder/co-owners with no disclosed venture or institutional equity backing.

Name

Anbau

Legal name

Anbau, Inc.

Website

https://anbaunyc.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Anbau is a New York City luxury residential real estate developer founded in 1998 that builds and sells high-end condominiums in Manhattan's most prestigious neighborhoods and operates a small East Village rental portfolio, serving high-net-worth buyers and urban renters.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Lessors of Residential Buildings and Dwellings (53111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Apartment Buildings (6513)

akta.pro industry

PRIMARYIMAFABAJ

Residential Luxury / High-End Home Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

SECONDARYIMAFABAL

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

SECONDARYBPAJAAAC

Luxury & High-End Residential Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Real Estate Brokerage

Keywords

• Luxury residential development
• High-end condominiums
• Manhattan real estate investment
• Premium property development
• Urban residential properties

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

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

Revenue model

1. Condominium Sales: Anbau develops and sells luxury condominiums in Manhattan. Revenue is generated through the sale of individual residential units at high price points in premium NYC locations including Upper East Side, Upper West Side, Chelsea, Flatiron District, and East Village.
2. Residential Rental Income: Anbau maintains rental properties including the 50-58 East 3rd Street portfolio (71 units) and 53-55 First Avenue (23 units). Rental income from tenants including college students, young professionals, and residential tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Anbau is a New York City-based real estate investment and development firm that develops, owns, and sells luxury residential condominiums and operates a portfolio of rental properties across Manhattan's premier neighborhoods (Flatiron, Chelsea, Upper East Side, Upper West Side, East Village) and one estate subdivision in Rhode Island. The company has delivered 10 major buildings totaling approximately 1,000,000 SF and ~500 units since 1998, working with leading architects such as COOKFOX, SHoP, Morris Adjmi, and BKSK to deliver LEED-certified, design-forward residential projects.

Product overview

Anbau is a New York City luxury real estate investment and development company founded in 1998, specializing in high-end residential properties. The company operates a portfolio of condominiums and rental properties across Manhattan's most prestigious neighborhoods including Flatiron, Chelsea, Upper East Side, and Upper West Side. The product portfolio comprises 10 major buildings totaling over 1,000,000 SF developed and approximately 500 total units. Core offerings include luxury condominiums (Citizen, Citizen 360, Flatiron House, Harsen House, Loft 55) featuring premium amenities, concierge services, and sustainable certifications (LEED). The rental portfolio includes properties in the East Village. A unique offering is Farmlands, a 72-acre luxury estate development in Rhode Island.

Differentiator

Problem solved

Functional benefit

Brands

• Citizen: Luxury condominium brand used for projects at 124 West 23rd Street (Citizen) and 360 East 89th Street (Citizen 360).
• Citizen 360
• Harsen House
• Loft 55
• Flatiron House

Products and services

• Luxury Residential Condominiums Portfolio of high-end condominium homes developed by Anbau across Manhattan's most prestigious neighborhoods including Flatiron, Chelsea, Upper East Side, and Upper West Side. Sold to high-net-worth individual buyers seeking meticulously designed residences with premium amenities.
• 39 West 23rd Street (Flatiron House)

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• COOKFOX ArchitectscoreStrategic or Co-development Partner · 1 November 2019COOKFOX Architects designed 39 West 23rd Street (Flatiron House), a 22-story, 119,000 GSF terracotta and glass building with 48 luxury units. COOKFOX is renowned for architecturally significant residential projects in Manhattan.
• VAKOTAminorStrategic or Co-development Partner · 1 January 2019VAKOTA served as architect for 53-55 First Avenue, a combined 18,240 GSF two-building project with 23 residential units in the East Village.
• SHoP ArchitectscoreStrategic or Co-development Partner · 1 January 2018SHoP Architects designed 360 East 89th Street (Citizen 360), a 34-story, 210,000 GSF residential tower with 82 units. SHoP is a prominent New York architecture firm known for innovative commercial and residential projects.
• Morris AdjmicoreStrategic or Co-development Partner · 1 January 2018Morris Adjmi designed 207 West 79th Street, a 13-story, 72,000 GSF pre-war inspired building with 19 luxury units on Manhattan's Upper West Side.
• ClodaghminorStrategic or Co-development Partner · 1 January 2018Clodagh provided interior design services for 360 East 89th Street (Citizen 360), contributing to the luxury residential project's high-end finishes and amenities.
• Pembrooke & IvescoreStrategic or Co-development Partner · 1 January 2012Pembrooke & Ives provided interior design for 155 East 79th Street, a 14-story, 38,000 GSF luxury condominium with 7 full-floor duplexes featuring custom finishes.
• Andres EscobarminorStrategic or Co-development Partner · 1 January 2012Andres Escobar provided interior design for 124 West 23rd Street (Citizen), a 16-story, 55,000 GSF LEED Gold-certified condominium.
• BKSKminorStrategic or Co-development Partner · 1 January 2008BKSK served as architect for 120 West 72nd Street (Harsen House), a 16-story, 60,000 GSF LEED Silver-certified condominium with 39 units.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Naftali Group: Founder-led New York luxury residential developer building bespoke for-sale condominiums in prime Manhattan neighborhoods—closely comparable in product type, target buyer, and boutique scale to Anbau.
• JDS Development Group: New York–based luxury residential and mixed-use developer known for architecturally distinctive Manhattan condo towers; directly comparable on product positioning and high-end buyer focus.
• Extell Development: One of Manhattan's most prolific luxury for-sale condo developers (e.g., One57, Central Park Tower); competes for the same trophy-sites and ultra-high-net-worth buyers as Anbau.
• World Wide Group: NYC-based residential developer with luxury and middle-market condo projects across Manhattan; comparable product mix and buyer segments though broader scale.

Broad incumbents

• The Related Companies: Large national developer with extensive NYC footprint including luxury for-sale residential (e.g., Hudson Yards towers); a broader incumbent competing for top Manhattan sites and HNW buyer pools.
• Vornado Realty Trust: Public REIT concentrated in Manhattan trophy office and residential assets; represents a scaled, diversified incumbent against which Anbau's boutique condo strategy competes for capital and tenants.
• Taconic Investment Partners: NYC-focused real estate investment and development firm with residential and mixed-use projects; comparable on Manhattan multifamily/luxury for-sale product with a larger capital base.
• Time Equities: Diversified NYC and national real estate developer/owner active in residential, office, and hospitality; overlaps with Anbau on Manhattan residential development at greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Anbau-160100214012534
• LinkedInlinkedin.com/company/anbau-enterprises

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Anbau