The Real Deal New York

Inside Rubin Schron’s New York real estate holdings

Cammeby's president could be second-largest landlord in the region after the LeFrak Organization
September 18, 2014 11:30AM

Many people might not know the man behind roughly 15,000 units and a large collection of buildings across the city.

While Rubin Schron, the 77-year-old president of Cammeby’s International and one of the city’s major property owners, has assembled a $1.6 billion fortune, he has never appeared on an international wealth ranking and has not named any of his buildings after himself. Among his properties is the Pueblo Nuevo, a Lower East Side building inhabited by residents who received rent assistance from the government, according to Bloomberg News.

Schron made a $2 billion offer on the Empire State Building in 2013 and owns a 40 percent stake in the Woolworth Building. In April 2013, Schron bought the Monterey — a 521-unit rental multi-family building in Manhattan’s Upper East Side — for $250 million.

According to Bloomberg News, Schron could be the second-largest landlord in the Northeast, behind the LeFrak Organization. The LeFrak Organization owns the 5,000-unit LeFrak City complex in Queens, as well as multiple other properties. [Bloomberg News] — Claire Moses