What A.M. Property Holding does

A.M. Property Holding Corp. is a privately held, family-controlled commercial real estate investment and management firm founded in 1985 by the Wasserman family. The company owns and operates approximately 2+ million square feet of Class A office space across Manhattan, New Jersey, and Connecticut, with a portfolio that includes 352 Seventh Avenue (145,000 sq ft), 75 Maiden Lane (188,000 sq ft), the 80/90 Maiden Lane complex (600,000 sq ft combined), 420 Fifth Avenue, 50 West State Street (300,000 sq ft), and the 200 Elm/695 East Main Stamford campus (600,000 sq ft). The firm historically targeted underperforming but well-located assets, repositioning them with amenities and sustainability features, and has more recently expanded into the highest-quality trophy assets across the tri-state region. A vertically integrated wholly-owned subsidiary, Dain Construction Corp., handles renovation and construction, having overseen improvements to over 1.3 million square feet.

Revenue is generated through commercial office leasing on a recurring rent basis to enterprise, institutional, and nonprofit tenants, supplemented by executive office suite programs that incubate smaller firms and satellite offices. The go-to-market is sales-led and relationship-driven, with direct in-house leasing teams and broker relationships; marketing channels include a LinkedIn corporate page and listing on commercial real estate marketplaces such as VTS. The company finances acquisitions and refinancings primarily through joint ventures with institutional partners (Normandy Real Estate Partners, Meadow Partners, Northeast Capital Group, Delshah Capital, REALM) and floating-rate debt facilities from lenders including Invesco Real Estate, Affinius Capital, and New York Community Bank. Named tenants have included Luxottica, Marist College, and Girl Scouts of the USA. Leadership consists of family members (Paul Wasserman as CEO, Nathan Wasserman leading acquisitions, Sally Wasserman as General Counsel) supplemented by a lean professional team spanning asset management, operations, and construction oversight.

Name

A.M. Property Holding

Legal name

A.M. Property Holding Corp.

Website

https://am-property.net

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

A.M. Property Holding Corp. is a Wasserman family-owned commercial real estate investment and management firm operating approximately 2+ million square feet of Class A office space across Manhattan, New Jersey, and Connecticut, with vertically integrated construction through Dain Construction Corp.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Property Managers (531312)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industry

Office Property Management (BPAJAGAA)

Keywords

• Commercial real estate
• Office property leasing
• Real estate investment
• Property management
• Office space management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Office Space Leasing: Revenue generated from leasing Class A office space across their portfolio in Manhattan, New Jersey, and Connecticut. Properties include both traditional office leasing and executive office suite programs that cater to startups and satellite offices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

A.M. Property Holding Corp. owns, acquires, repositions, and manages Class A commercial office properties totaling more than 2 million square feet across Manhattan, New Jersey, and Connecticut. The company generates revenue by leasing office space to commercial tenants (including executive office suite programs for startups and satellite offices) and provides integrated in-house construction and renovation services through its wholly owned subsidiary, Dain Construction Corp.

Product overview

A.M. Property Holding Corp. is a real estate investment and management company operating approximately 2+ million square feet of office space across Manhattan, New Jersey, and Connecticut. The company's primary offering is commercial office property ownership and management, with a portfolio that includes properties such as 352 Seventh Avenue (145,000 sq ft), 75 Maiden Lane (188,000 sq ft), 80/90 Maiden Lane (600,000 sq ft combined), 420 Fifth Avenue, 50 West State Street (300,000 sq ft), and 200 Elm St./695 East Main St. in Stamford (600,000 sq ft). The Wasserman family also operates Dain Construction Corp., which provides in-house construction and renovation services for the portfolio, having overseen renovation of over 1,300,000 square feet of office space. The company focuses on acquiring underperforming but high-quality assets, repositioning them with amenities and sustainability initiatives, and retaining tenants through enhanced experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Class A Office Leasing Leasing of Class A office space across a portfolio of more than 2 million square feet in Manhattan, New Jersey, and Connecticut to commercial tenants. Includes large-scale headquarters locations in prime locations such as 420 Fifth Avenue and 80/90 Maiden Lane.
• Executive Office Suite Program Smaller-footprint executive office suites offered to startups, new firms, and satellite/spin-off businesses, functioning as an incubator that allows tenants to expand into larger space as they grow.
• Property Management Day-to-day management of the company's entire office portfolio, including lease administration, contract negotiation, tenant improvements, budgeting, and project management across all properties.
• Construction and Renovation Services Provided through subsidiary Dain Construction Corp., which has overseen renovation of over 1,300,000 square feet of office space including historical rehabilitation and new construction for repositioning and enhancing portfolio assets.

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• Delshah CapitalcoreStrategic or Co-development Partner · 27 May 2026Joint venture partner with A.M. Property Holding and REALM for the $89 million acquisition of CitySpire, a 371,000-square-foot Class A office condo in Manhattan's Plaza District. Delshah Capital is a real estate investment firm.
• REALMcoreStrategic or Co-development Partner · 27 May 2026Joint venture partner with A.M. Property Holding and Delshah Capital for the $89 million acquisition of CitySpire office property.
• Northeast Capital GroupcoreStrategic or Co-development Partner · 1 December 2021Joint venture partner in acquiring the 557,000-square-foot Stamford office campus from Building and Land Technology for $235 million. The campus includes interconnected buildings at 200 Elm Street and 695 East Main Street.
• Normandy Real Estate PartnerscoreStrategic or Co-development Partner · 4 October 2018Partnership with AM Property Holding and Meadow Partners to secure a $250 million five-year floating-rate loan from Invesco Real Estate to refinance 80-90 Maiden Lane in Manhattan's Financial District.
• Meadow PartnerscoreStrategic or Co-development Partner · 4 October 2018Partnership with AM Property Holding and Normandy Real Estate Partners for the $250 million refinancing of 80-90 Maiden Lane property complex.
• Quality Capital USAmajorStrategic or Co-development Partner · 8 June 2018Partnership with AM Property Holding to sell office condominiums at 420 Fifth Avenue for $54 million. Previously obtained $46 million loan for purchase of Girl Scouts of the USA headquarters.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SL Green Realty Corp. Largest publicly-traded office REIT focused exclusively on Manhattan. Directly comparable as both own and operate Class A office buildings in the same Manhattan submarkets (Midtown South, Plaza District, Financial District) with similar institutional capital relationships and tenant profiles.
• Vornado Realty Trust: Major Manhattan office REIT with significant concentration in Penn District and Midtown. Comparable as a long-standing owner-operator of trophy Manhattan office product pursuing similar value-add repositioning strategies.
• Empire State Realty Trust: Public REIT focused on Manhattan and the greater New York metro office and retail market. Directly comparable for owning and operating Class A office in the same geography with similar tenant experience and amenity-driven positioning.
• Paramount Group, Inc. Public office REIT with significant Manhattan Class A portfolio. Comparable in asset class, geography, and in executing capital partnerships to acquire and reposition high-quality office product.
• Normandy Real Estate Partners: Private equity-style real estate investment manager focused on Northeast office. Both a peer and a JV partner; comparable in target asset class, geography, capital deployment strategy, and use of JV equity for refinancing and acquisitions.
• RXR Realty: Private New York-based office and mixed-use owner-operator. Comparable as a large-scale owner of Class A office in Manhattan and the tri-state area pursuing repositioning and amenity-led strategies.
• Meadow Partners: Real estate investment firm focused on Manhattan and U.S. gateway city office. Both a JV partner and a clear peer — shares focus on high-quality office repositioning in similar Manhattan submarkets with similar capital structures.
• Quality Capital USA: Manhattan-based real estate investment firm active in the same office market. Both peer and JV partner on 420 Fifth Avenue — comparable in scale, asset class, focus on Midtown office, and reliance on Wasserman-family-style operating partnerships.

Broad incumbents

• Brookfield Property Partners: Global real estate owner-operator with substantial NYC office holdings. Comparable in asset class and geography but operates as a much broader, diversified platform across multiple property types and geographies.

Regional players

• Building and Land Technology: Large private Northeast owner-developer of office and multifamily. Comparable asset class and tri-state focus; while also a counterparty (seller of Stamford campus), operates a much larger development pipeline that competes for similar institutional capital.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/am-property-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 A.M. Property Holding