Magnum

What Magnum does

Magnum Real Estate Group is a privately held, vertically integrated real estate developer focused on high-end rental and condominium properties in New York City, headquartered at 131 Charles Street in Greenwich Village. Founded in 1998, the firm operates with 11-50 employees and develops discrete luxury Manhattan projects rather than a unified software or platform product. Its marketed portfolio includes La Maison Collette in Greenwich Village, The Steiner, and The Edison Gramercy, each developed with named design partners.

The company develops and sells residential properties through a sales-led go-to-market model, with revenue recognized upon unit closings at project launches. Pricing is quote-based and not publicly disclosed, and units are sold directly to high-net-worth individual buyers rather than through third-party brokerage channels at scale. Magnum Management, a related DBA, provides property management services for developed projects, extending the firm vertically into post-sale operations. Customer concentration is implicitly project-driven: revenue per fiscal period is tied to one or a small number of project closings.

The company's core operating differentiator is its design philosophy, executed through sustained partnerships with architectural firm Isaac & Stern Architects and interior designer Paris Forino. Magnum positions itself around timeless, authentic spaces rather than transient design trends. No proprietary technology platform, AI capability, or scaled digital product has been disclosed in the input data; the technical surface is limited to a standard corporate web presence and standard property management workflows.

Name

Magnum

Legal name

Magnum Real Estate Group

Website

https://magnumreg.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Magnum Real Estate Group is a privately held, vertically integrated developer of luxury Manhattan rental and condominium properties, selling units directly to high-net-worth buyers through named projects such as La Maison Collette, The Steiner, and The Edison Gramercy.

Ownership category

akta.pro rank

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

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

Revenue model

1. Real Estate Development and Sales: Magnum Real Estate Group generates revenue through the development and sale of residential properties in Manhattan. The company acquires land, partners with architects and designers for new residential developments, and sells units to end buyers. Revenue is realized upon property closings at project launches.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Magnum Real Estate Group is a vertically integrated developer of high-end rental and condominium properties in New York City. The company acquires land, partners with architects and interior designers, and develops distinct luxury residential projects in Manhattan neighborhoods such as Greenwich Village and Gramercy, selling units directly to end buyers at project launches. Its portfolio includes La Maison Collette, The Edison Gramercy, and The Steiner, with associated property management services provided through Magnum Management.

Product overview

Magnum Real Estate is a real estate development company that creates residential developments in Manhattan. The company's portfolio includes individual residential projects such as La Maison Collette, The Edison Gramercy, and The Steiner, each developed as distinct properties. These projects are not a unified software platform but rather separate real estate developments marketed to buyers. Magnum Management provides property management services for these developments.

Differentiator

Problem solved

Functional benefit

Products and services

• La Maison Collette

Quantifiable outcome

• La Maison Collette sold out within first year of sales launch
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Isaac & Stern ArchitectscoreStrategic or Co-development PartnerArchitectural partner for Magnum Real Estate Group's Manhattan developments. Collaborated on La Maison Collette project in Greenwich Village. Isaac & Stern Architects provides architectural design services for new residential construction projects.
• Paris ForinocoreStrategic or Co-development PartnerInterior design studio engaged for Manhattan residential developments including La Maison Collette, The Edison Gramercy, and The Steiner. Paris Forino brings a philosophy of creating timeless, authentic spaces that connect with buyers.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Tishman Speyer: Global real estate developer and investor active in NYC luxury residential alongside office and mixed-use. Overlaps with Magnum in Manhattan high-end residential development but with a much broader portfolio and global footprint.
• The Related Companies: One of the largest U.S. developers of luxury residential, commercial, and mixed-use real estate, with major NYC projects including Hudson Yards and One Madison. Overlaps with Magnum in luxury Manhattan residential but operates at significantly greater scale and across asset classes.
• Vornado Realty Trust: Publicly traded REIT and NYC-focused real estate company with major Manhattan office and residential assets. Comparable as a NYC real estate operator but operates at much larger scale and as an owner/landlord rather than a pure developer.
• Time Equities: Diversified real estate developer and investor with NYC residential, office, and mixed-use holdings. Overlaps with Magnum in Manhattan residential development but operates across multiple asset types and geographies.

Direct peers

• DDG Partners: Manhattan luxury residential developer known for design-forward ground-up condominiums (e.g., 41 Bond, 12 Warren). Highly comparable to Magnum in focus on premium design quality and Manhattan mid-/high-rise condominium product.
• Naftali Group: Boutique NYC-focused luxury residential developer. Closely comparable to Magnum in scale and product mix, with a portfolio of ground-up condominium and rental projects in prime Manhattan neighborhoods.
• The Witkoff Group: New York-based real estate developer with a portfolio of luxury residential condominium and hotel projects in Manhattan (e.g., 111 Murray, 200 Greene). Comparable to Magnum in product type and NYC focus.
• Elad Group: Privately held NYC real estate developer with luxury residential condominium and rental developments including One West End and 250 East 49th Street. Directly comparable to Magnum in product focus and Manhattan submarket orientation.
• Trinity Place Holdings: NYC-focused real estate developer active in luxury residential and mixed-use projects. Comparable to Magnum as a Manhattan-based, smaller-scale developer of premium residential product.
• Extell Development Company: New York-based luxury residential developer behind One57, Central Park Tower, and One Manhattan Square. Highly comparable to Magnum in that both focus on high-end Manhattan condominium and rental product with vertically integrated development capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

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 Magnum