State Street Partners
State Street Partners LLC is a Monsey, NY-based real estate brokerage founded in 1995 that exclusively brokers acquisitions and sales of 'special situation' B/C multi-family properties (150-350+ units) nationwide, led by founder Daniel Gleich.
- Company typePrivate
- Founded1995
- HeadquartersMonsey, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What State Street Partners does
State Street Partners LLC is a privately held, founder-led real estate brokerage firm headquartered in Monsey, New York, focused exclusively on the acquisition and sale of 'special situations' in the multi-family sector. The firm was originally founded by Daniel Gleich in 1995 as B/Q Industrial Realty (initially working industrial and commercial properties with clients including the Museum of Modern Art and McKesson Corporation), pivoted to large-scale development projects in 2000, and rebranded as State Street Partners in 2005 to reflect its shift to the multi-family niche. It targets B/C-rated properties ranging from 150 to 350+ units that are profitable and income producing but underperforming due to neglect, mismanagement, financial distress, foreclosure, bankruptcy, fire, or Section 42 issues.
The firm operates as a full-service brokerage that proactively sources off-market opportunities rather than relying on inbound flow. There is no proprietary technology platform, no AI/ML tooling, no API, and no app product; the offering is fundamentally relationship-driven brokerage execution by a small, founder-led team. The website, branding, and process are traditional in character, and the firm does not advertise a marketing or channel ecosystem beyond direct client relationships.
State Street Partners generates revenue through transaction commissions on multi-family acquisitions and sales, the only revenue stream disclosed. Pricing is negotiated on a per-deaction basis consistent with industry norms, and there is no subscription, retainer, or recurring component to the model. The firm serves a single narrow customer segment — multi-family owners and operators seeking to dispose of or acquire B/C properties with latent upside — and operates across the U.S. east coast with stated nationwide ambition. Ownership is founder-held with no disclosed institutional investors, parent company, or subsidiaries.
State Street Partners firmographics
Firmographics- Name
- State Street Partners
- Legal name
- State Street Partners LLC
- Website
- https://sspllc.net
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- State Street Partners LLC is a Monsey, NY-based real estate brokerage founded in 1995 that exclusively brokers acquisitions and sales of 'special situation' B/C multi-family properties (150-350+ units) nationwide, led by founder Daniel Gleich.
- Ownership category
- akta.pro rank
State Street Partners industry classification
Industry- Product category
- Commercial Real Estate Brokerage
- NAICS
- Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Multifamily Brokerage (BPAJABAD)
- akta.pro secondary industry
- Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where State Street Partners is headquartered
LocationHeadquarters
- HQ city
- Monsey
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
State Street Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Real Estate Brokerage Commissions: As a full-service real estate brokerage firm, State Street Partners generates revenue through commissions on the acquisition and sale of multi-family properties. They focus on "special situations" in the multi-family sector, working with properties that have latent upside potential.
Go-to-market motion1 record
Distribution channels1 record
State Street Partners product offering
Product offeringCore offering
State Street Partners LLC is a full-service real estate brokerage firm that brokers the acquisition and sale of "special situations" in the multi-family sector. The firm primarily works with B/C class properties ranging from 150–350+ units in B/C locations that are profitable and income producing yet underperforming, undermanaged, mispositioned, or under duress (due to neglect, insufficient cash flow, overuse of leverage, foreclosure, bankruptcy, fire, or Section 42 issues), with the goal of helping owners/operators actualize latent upside potential.
Product overview
State Street Partners operates as a single-service real estate brokerage firm rather than a technology platform. The company's core offering is its 'Special Situations' multi-family property brokerage service, which focuses on acquiring and selling underperforming, mispositioned, or distressed multi-family properties along the east coast. The firm works with B/C rated properties typically ranging from 150-350+ units that possess latent upside potential due to factors such as neglect, mismanagement, insufficient cash flow, foreclosure, bankruptcy, or other distress scenarios.
Differentiator
Problem solved
Functional benefit
Products and services
- Special Situations Multi-Family Brokerage Full-service brokerage for the acquisition and sale of "special situations" multi-family properties, targeting B/C class properties with 150–350+ units that are profitable yet underperforming, mismanaged, mispositioned, or under duress, including distressed scenarios such as foreclosure, bankruptcy, fire, or Section 42 issues. Intended for multi-family property owners and operators seeking to acquire or dispose of value-add assets.
Companies that use State Street Partners
Customer profileSegments1 record
Ideal customer profiles1 record
State Street Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
State Street Partners partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights2 records
State Street Partners competitors and assessment
Company assessmentBroad incumbents
- Eastdil Secured: Institutional real estate investment bank focused on large and complex commercial real estate transactions. Adjacent competitor in capital markets advisory, particularly on recapitalization and special-situation multifamily deals.
- JLL: Global real estate services firm with multifamily investment sales and recapitalization advisory. Broad incumbent competing for larger apartment portfolio transactions across the US.
- Newmark Group: Full-service global commercial real estate services firm with strong multifamily investment sales practice. Broader incumbent offering that overlaps with SSP in apartment investment sales but operates at much greater scale.
- CBRE Group: Largest global commercial real estate services firm with institutional multifamily capital markets capability. Competes in the broader apartment brokerage space but primarily at the institutional, large-deal tier.
- Colliers: Global commercial real estate services firm with multifamily investment sales and capital markets advisory. Competes for B/C and value-add apartment transactions but with broader CRE portfolio.
Regional players
- Apartment Realty Advisors (ARA): Multifamily investment sales brokerage focused on the middle-market apartment segment. Comparable in property size focus and value-add thesis, with regional concentration in select US markets.
Direct peers
- Walker & Dunlop: Multifamily capital markets advisory and brokerage firm with deep focus on multifamily sales, financing, and recapitalization. Comparable on special-situation and value-add apartment mandates.
- Marcus & Millichap: Institutional investment sales brokerage with a large dedicated multifamily division that brokers B/C and value-add apartment properties nationwide. Most direct competitor given overlapping specialty in off-market and value-add multifamily transactions.
- Northmarq: Privately held commercial real estate investment sales, debt, and equity platform with significant multifamily focus on middle-market properties. Closely comparable in target property size and B/C focus.
- Berkadia: Multifamily-focused commercial real estate brokerage and mortgage origination platform serving middle-market multifamily owners. Direct overlap in B/C property sales and capital markets advisory for smaller/mid-sized apartment owners.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
State Street Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
State Street Partners leadership team
Management profileNumber of profiles
Profiles1 record
State Street Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
State Street Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about State Street Partners
What does State Street Partners do?
State Street Partners LLC is a full-service real estate brokerage firm that brokers the acquisition and sale of "special situations" in the multi-family sector. The firm primarily works with B/C class properties ranging from 150–350+ units in B/C locations that are profitable and income producing yet underperforming, undermanaged, mispositioned, or under duress (due to neglect, insufficient cash flow, overuse of leverage, foreclosure, bankruptcy, fire, or Section 42 issues), with the goal of helping owners/operators actualize latent upside potential.
Is State Street Partners a public or private company?
State Street Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was State Street Partners founded?
State Street Partners was founded in 1995. It employs 11 to 50 people.
Where is State Street Partners based?
State Street Partners is headquartered in Monsey, United States, in the North America region.
How does State Street Partners make money?
One revenue line is on record: real Estate Brokerage Commissions.
Who are State Street Partners's main competitors?
Broad incumbents on record are Eastdil Secured, JLL, Newmark Group, CBRE Group and Colliers. Apartment Realty Advisors (ARA) is listed as a regional player. Direct peers are Walker & Dunlop, Marcus & Millichap, Northmarq and Berkadia.
Does State Street Partners have an API?
No public API is recorded for State Street Partners.
What industry is State Street Partners in?
State Street Partners's product category is Commercial Real Estate Brokerage. Its primary akta.pro industry code is BPAJABAD, Multifamily Brokerage, with a secondary code of BPAJABAL, Capital Markets Advisory (Equity Placement, JV & Recapitalization). Its NAICS code is 53121 and its SIC code is 6531.