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Candlebrook Properties

745 Fifth Avenue, 29th Floor
New York, NY 10151
(212) 413-0850
Website
[email protected]

Candlebrook Properties, formerly known as Vantage Properties, is a New York City-based real estate investment firm. Neil L. Rubler, the son-in-law to Richard Lane of the Olnick Organization, founded the firm in 2005 with the backing of private equity investors. Candlebrook specializes in buying run-down rental buildings, renovating them, and renting them out at higher rates. Its portfolio includes 15,000 apartment units in New York, suburban New Jersey, and Philadelphia, as well as student dormitory buildings in Georgia, Indiana, Kentucky, and Virginia. Candlebrooks subsidiaries include V-Tech Construction and student housing management firm Letter9. In 2013, the company acquired the dodgy Marquis Apartments complex in King of Prussia, PA, which was known as the barely habitable site of murders, stabbings, kidnappings, and fatal accidents. The developer did not renew existing tenants leases, in 2015 was in the midst of a $50 million gut renovation, and is marketing the 650-unit property to upper middle class suburban professionals. The victims of Candlebrooks business model, in New York City in particular, are the tenants of rent-regulated apartments Candlebrook acquires. In 2010, Attorney General Andrew Cuomo sued Vantage Properties, Candlebrooks previous iteration, to stop harassing rent-regulated tenants in order to get them to move out and increase rent. The sides settled. MK

Candlebrook Properties, Director of Leasing
745 Fifth Avenue, 29th Floor, New York, NY, (212) 413-0850
Susan LoGiudice is a real estate industry executive based in New York City,...
Candlebrook Properties, Founder, President, and Chief Executive Officer
745 Fifth Avenue, 29th Floor, New York, NY, (212) 413-0850
Neil L. Rubler is the founder, president, and chief executive officer of Candlebrook...
  • Event Sales
  • Building Name 4101 and 4113 Broadway
  • Address 4113 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 126,000
  • Price $ 42,000,000
  • Price per foot $ 333.33
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