Rubin Schron | TRD Research




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Rubin Schron

Cammeby's International
45 Broadway
New York, NY
(212) 514-5968

Rubin Schron, who goes by Ruby, is a New York City real estate investor, landlord and the founder of Cammeby's International Group. He owns property worth over $10 billion, according to data company Real Capital Analytics. The portfolio of Cammeby's, which Schron founded in 1967, includes office buildings, market-rate and government-subsidized apartment complexes, nursing homes, the 16-building complex in Sunset Park now known as Industry City, a stake in the bottom half of Woolworth Building and industrial properties scattered across Long Island. In 2013, Schron made an unsolicited and unsuccessful offer to buy the Empire State Building for $2 billion, but the man has not had problems closing many other deals throughout his long career. In 2003, an investment group led by Schron paid $600 million for a portfolio of about 6,000 outer-borough apartments from the family of Donald Trump. Other buildings he owns include the Monterey, a 521-unit rental multifamily building on Manhattan's Upper East Side; over the decades, Schron has also amassed a portfolio of Mitchell-Lama apartment buildings whose values have skyrocketed after reverting to market rate when government subsidies expired. In 2007, he sold nearly 4,000 units of former Mitchell-Lama properties in five complexes in Harlem and on Roosevelt Island for $940 million. Schron practices Orthodox Judaism and has eight children and 50 grandchildren. He and his family have lived in the same single-family home in Brooklyn for decades. Schron grew up on the Lower East Side of Manhattan.

The firm was founded in 1967 by the under-the-radar investor and developer Rubin Schron, and two of his sons â€' Avi and Eli â€' now work there...

1 with at least 15,521 apartments, predominantly in Manhattan and the Bronx. The LeFrak Organization came in second with at least 12,532 units, the bulk of which come from the eponymously named LeFrak City in Queens. Private equity giant Blackstone Group took the No. 3 spot with at least 12,189 apartments in New York. Cammeby’s International, a portfolio built by Rubin Schron over 50 years, was the fourth-largest landlord, with at least 11,774 apartments...

Top from left: Robert A.M. Stern, 11 Madison Avenue, Brian Chesky, One57 and Rubin Schron...

In January, Rubin Schron’s Cammeby’s International filed plans for a 544-unit tower that dedicate 513,850 square feet to residential space and another 162,220 square feet to commercial...

Several loan packages were spread over multiple boroughs, including to Rubin Schron’s Cammeby’s International and to New York Presbyterian Hospital, which borrowed $500 million from Prudential...