Cammeby's

What Cammeby's does

Cammeby's is a privately held real estate investment firm founded in 1967 by Rubin Schron and headquartered at 45 Broadway, New York. The company owns and operates a portfolio of six Manhattan commercial office buildings along the Broadway corridor in Lower Manhattan and the Upper West Side, including the iconic Woolworth Building at 233 Broadway, a 60-story landmark. Cammeby's generates recurring rental income through three core workspace products: Move-In Ready (fully functional immediate-occupancy offices), Pre-Built (turnkey brand-new spaces), and Guided Custom Build (tailored offices with AI-powered planning). It also leases premium ground-floor retail space, exemplified by a 15-year Goody's restaurant lease at the Woolworth Building. Tenant teams range from 2 to 500 across SMB, mid-market, and enterprise segments in technology, finance, creative, and professional services industries.

The company's technology stack combines internally deployed AI tools with third-party integrations. Its AI-powered space planning generates 3D renderings and virtual tours in under 24 hours using generative design engines, and 3D Matterport virtual tours support remote tenant evaluation. Cammeby's has integrated BrainBox AI for autonomous HVAC optimization, with documented results of 15.8% energy cost reduction and 99.6% forecasting precision. Distribution is direct-to-consumer via the cammebys.com website with a SpaceFinder search tool, supplemented by broker relationships (including Lawrence Group for retail deals) and on-site leasing teams.

Revenue is recurring through monthly and annual lease payments across office and retail tenants, with office rates ranging from approximately $39–$75/SF/YR and premium retail up to $250/SF/YR. The Woolworth Building commercial portion is co-owned with Witkoff Group, and Cammeby's holds a joint venture with World Wide Group for 300 South Riverside Plaza in Chicago. The company is family-controlled under the Schron family, with Avi Schron serving as Executive Vice President and Principal.

Name

Cammeby's

Legal name

Cammeby's

Website

https://cammebys.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Cammeby's is a privately held New York real estate investment firm operating six Manhattan office buildings, including the Woolworth Building, offering flexible Move-In Ready, Pre-Built, and Custom Build workspaces and premium retail leases to SMB, mid-market, and enterprise tenants using AI-enabled planning and operations.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Office Brokerage (BPAJABAA)

akta.pro secondary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate
• Office space leasing
• Flexible workspace solutions
• Retail space rental
• Manhattan commercial properties

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Office Space Leasing: Cammeby's generates revenue through commercial office space leasing across their portfolio of Manhattan properties. They offer flexible lease terms with pricing based on square footage and location. Revenue is recurring through monthly rent payments with various lease durations.
2. Retail Space Leasing: Revenue from retail space leasing at landmark properties like the Woolworth Building, including restaurants and event venues. The Goody's restaurant signed a 15-year lease for 5,000 SF at $175/SF asking rent.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Cammeby's is a privately held real estate investment firm that owns and operates a portfolio of commercial office and retail buildings in Manhattan, New York City. The company leases office space in three formats — Move-In Ready, Pre-Built, and Guided Custom Build — alongside ground-floor retail space, serving tenants seeking flexible, turnkey space in Lower Manhattan.

Product overview

Cammeby's is a commercial real estate firm offering a portfolio of flexible NYC office space solutions across six downtown Manhattan buildings. The core offering consists of three workspace types: Move-In Ready (fully functional immediate-occupancy offices), Pre-Built Office (turnkey brand-new spaces), and Guided Custom Build (tailored spaces with AI-powered planning and professional design management). Additional services include retail space leasing, AI-powered HVAC optimization through BrainBox AI integration, 3D virtual tours via Matterport, QuickLease expedited leasing, temporary office space during transitions, and relocation credits. The company leverages AI for space planning tools that generate 3D renderings within 24 hours and autonomous HVAC control for energy efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Move-In Ready Office Space
• Pre-Built Office Space
• Guided Custom Build Office Space
• Retail Space Leasing

Quantifiable outcome

• 15.8% portfolio-wide HVAC energy cost reduction with over $42,000 in savings and 37 metric tons CO2 equivalent mitigated
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• World Wide GroupcoreStrategic or Co-development Partner · 19 February 2026Cammeby's International and World Wide Group formed a joint venture for the ownership of 300 South Riverside Plaza in Chicago, a 1.1 million-square-foot office tower. LNR Partners filed a $167 million foreclosure lawsuit against this joint venture for defaults on a $167 million loan as part of combined $342 million in debt tied to the property.
• BrainBox AIcoreTechnology or Integration · 1 January 2019BrainBox AI provides AI-powered HVAC optimization technology for Cammeby's buildings. The system uses machine learning algorithms to deliver forecasting precision up to 99.6%, enabling predictive adjustments that balance comfort, efficiency, and equipment longevity. After 11 months at 45 Broadway, Cammeby achieved 15.8% HVAC-related energy consumption reduction, saving over $42,000 and mitigating 37 metric tons of carbon dioxide equivalent.
• Witkoff GroupcoreStrategic or Co-development PartnerCammeby's International co-owns the commercial portion of the Woolworth Building with Witkoff Group. Together they have been reshaping the historic building, including signing the Goody's restaurant lease for 5,000 SF ground floor space.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Witkoff Group: Privately held NYC real estate developer/owner and joint-venture partner with Cammeby's on the Woolworth Building's commercial portion — a comparable family/private operator with similar trophy-asset focus.
• RXR Realty: Private NYC-based real estate operator with a large office and mixed-use portfolio including One Liberty Plaza and 75 Rockefeller Plaza — comparable Manhattan Class A office operator at scale.
• Paramount Group: NYSE-listed REIT focused on Class A office properties in NYC and San Francisco — directly comparable in asset class (premium office) and tenant strategy.
• SL Green Realty Corp. Largest Manhattan office landlord, operating a portfolio of Class A office buildings in Midtown and Downtown — directly comparable in asset class, geography, and tenant profile to Cammeby's Broadway Campus.
• Vornado Realty Trust: NYSE-listed REIT with a Manhattan office portfolio concentrated in the Penn District and along Broadway/Fifth Avenue — a direct competitor for the same trophy-asset, transit-anchored tenant base that Cammeby's targets.
• Empire State Realty Trust: NYSE-listed REIT owning the Empire State Building and a portfolio of Manhattan and NYC-area office and retail properties — directly comparable landmark-led office/retail strategy.

Broad incumbents

• Brookfield Property Partners: One of the world's largest commercial real estate owners, with major NYC office assets including One Liberty Plaza and Brookfield Place — a broader incumbent operating across geographies and asset classes.
• Tishman Speyer: Global real estate investor/developer with significant NYC office holdings (e.g., Rockefeller Center) — broader incumbent operating at much larger scale but with overlapping Manhattan Class A tenant relationships.
• Boston Properties (BXP): Largest publicly-traded U.S. office REIT with significant NYC presence (e.g., 601 Lexington, 250 West 55th) — broader incumbent with comparable Class A office focus and tenant base.
• Related Companies: Major NYC real estate developer (Hudson Yards, Time Warner Center) with mixed office, retail, and residential holdings — broader incumbent competing for landmark Manhattan tenant relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cammebys-management-of-nj-lp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cammeby's