Greybarn

What Greybarn does

Greybarn is a luxury multi-family rental brand operated by Rechler Equity Partners, Long Island's largest commercial real estate company. The company owns, develops, and manages a portfolio of loft-inspired 1- and 2-bedroom apartment communities on Long Island, anchored by a 455-unit, 20-acre master-planned campus in Amityville with 45,000 sq ft of retail space. Greybarn expanded to Patchogue in Q1 2026 and has announced a third community in Bay Shore. The product is differentiated by smart home amenities (NEST thermostats, Amazon Echo-synced smart outlets, Luxer One package system, Butterfly MX intercom, ChargePoint EV chargers), extensive indoor and outdoor shared facilities (fitness center, cinema room, podcast studio, golf simulator, pools, dog parks), and a heavy emphasis on community programming (resident events, networking groups, art installations such as Tony Tasset's Deer sculpture).

Revenue is generated primarily through monthly residential rents ranging from approximately $2,975 to $4,095 depending on unit size and location, on standard 12-month leases, with a secondary income stream from leasing 45,000 sq ft of on-site retail space. Greybarn's customer base is segmented across young professionals, families, empty nesters, Manhattan commuters via LIRR, and pet owners, with a stated 95% occupancy rate. Distribution is regional and direct, combining on-site leasing offices, a RentCafe-powered online portal for applications and resident services, and a website and social media presence (Instagram @greybarnli, Facebook GreybarnLI) used for demand generation and community engagement. The brand is positioned as "designed by Long Islanders for Long Islanders," with no external venture capital exposure; ownership and capital are entirely internal to the Rechler family enterprise.

Name

Greybarn

Legal name

Greybarn

Website

https://greybarn-li.com

Company type

Private

Operating status

Operating

Short description

Greybarn is a luxury multi-family rental brand on Long Island, NY, owned by Rechler Equity Partners. It operates 455-unit Amityville and new Patchogue communities with smart-home amenities, retail space, and resident programming, serving young professionals, families, and commuters.

Ownership category

akta.pro rank

Headquarters

HQ city

Amityville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment Rental Income: Monthly rental income from 1 and 2 bedroom luxury apartments. Rents range from approximately $2,975 to $4,095 per month depending on unit size, location (Amityville vs Patchogue), and floor plan. Revenue is recurring on a monthly basis with 12-month standard lease terms.
2. Retail Space Leasing: The Amityville development includes 45,000 square feet of retail space, generating additional rental income from commercial tenants.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Greybarn operates luxury multi-family rental apartment communities on Long Island, NY, offering 1 and 2 bedroom loft-inspired units with modern finishes, in-unit washer/dryer, and smart home technology (NEST thermostats, Amazon Echo integration). The communities include extensive indoor amenities (fitness centers, cinema room, co-working spaces, podcast studio, golf simulator) and outdoor amenities (swimming pools, dog parks, EV charging, fire pits), supported by organized resident events and community programming. Property management, leasing applications, and rent payments are handled through the RentCafe resident portal.

Product overview

Greybarn is a luxury apartment rental platform comprising multiple residential communities across Long Island, NY. The portfolio includes two operating properties: Greybarn Amityville (455 units across multiple buildings at 10-70 Greybarn Lane on a 20-acre site) and Greybarn Patchogue (now open as of Q1 2026), with a third location planned for Bay Shore. The product offering centers on 1 and 2 bedroom oversized, loft-like apartments with modern amenities including smart home technology (NEST thermostats, Amazon Echo integration), indoor amenities (fitness center, cinema room, co-working spaces), outdoor amenities (pools, EV charging, dog parks), and community programming. Residents access property management services through RentCafe portals. The product is positioned as an innovative rental concept designed by Long Islanders for Long Islanders, emphasizing community connection and lifestyle enrichment.

Differentiator

Problem solved

Functional benefit

Products and services

• Greybarn Amityville Luxury multi-family rental community in Amityville, NY featuring 1 and 2 bedroom oversized, loft-like apartments with modern finishes, in-unit washer/dryer, and community-focused living on a 20-acre site with 455 total units across multiple buildings (10, 20, 40, 50, 60, 70 Greybarn Lane) plus 45,000 sq ft of retail space.
• Greybarn Patchogue Luxury rental community in Patchogue, NY offering 1 and 2 bedroom residences with bright spacious rooms, dark walnut vinyl floors, NEST Learning Thermostats, in-unit washer/dryers, and access to community amenities and smart home technology.
• Retail Space Leasing at Greybarn Amityville 45,000 square feet of retail space at the Greybarn Amityville development, available for lease to commercial tenants as part of the broader mixed-use property.

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

One partnership is on record.

• Rechler Equity PartnerscoreOthers · 20 August 2020Rechler Equity Partners is the parent company and developer of Greybarn. Founded over 60 years ago as Reckson Associates by Donald and Roger Rechler, the company is now managed by Mitchell and Gregg Rechler. It is the largest owner of commercial real estate on Long Island with a portfolio of over 7 million square feet. Rechler Equity provides development capital, property management, architecture, construction, and other real estate services to Greybarn.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• The Bozzuto Group: Privately-held multifamily developer/operator building luxury Class A apartment communities in the Northeast corridor with amenity-heavy product and strong community programming. Closely aligned operating model and target demographic to Greybarn.
• Toll Brothers Apartment Living: Luxury for-rent multifamily division of Toll Brothers focused on new-construction Class A suburban communities with amenity-rich, premium-priced apartments — closely matching Greybarn's positioning as a developer-led luxury suburban rental product.
• The Brodsky Organization: Long-established New York/Long Island-focused multifamily developer and operator with luxury apartment communities in suburban submarkets. Closely comparable product, geography, and developer-operator model to Greybarn.

Broad incumbents

• Equity Residential: Large public multifamily REIT with a major New York/Long Island apartment portfolio. Comparable luxury urban-suburban multifamily rental model serving a similar renter profile; far larger scale and public-market access.
• AvalonBay Communities: Public multifamily REIT operating ~80,000 Class A apartment units across East Coast markets including New York/Long Island suburbs. Directly comparable business (luxury suburban multifamily rentals) though at vastly greater scale and geographic breadth.
• The Durst Organization: New York-focused real estate firm with luxury multifamily rental product across the metro including suburban commuter-served submarkets. Comparable luxury product positioning; concentrated in NYC proper rather than Long Island.
• Related Companies: Large New York-based real estate firm with deep multifamily development and management across the Northeast including luxury long-term rental communities. Overlapping product type and Long Island/regional exposure; vastly larger scale.

Regional players

• Heritage Realty Services: Long Island-based multifamily operator and developer managing Class A and B apartment communities in the same submarkets as Greybarn. Direct geographic overlap with suburban Long Island rental stock.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GreybarnLI
• Instagraminstagram.com/greybarnli
• LinkedInlinkedin.com/company/greybarn

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 Greybarn