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    Rubin Schron

    Founder
    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 across 14 states.

    In 2013, Schron made an unsolicited and unsuccessful offer to buy the Empire State Building for $2 billion, but he 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.

    After Albany passed its massive overhaul of rent regulations in 2019, Cammeby's, which owns more than 12,000 rental units in New York City alone, spearheaded a major lobbying and campaign finance effort to roll back parts of the new law and oust the progressive politicians who pushed it through.

    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.

    • Event Financing
    • Address 83-31 116th Street
    • Neighborhood Kew Gardens
    • Borough Queens
    • Price $ 23,600,000
    • Publication Date 11/01/2019
    • Event Date 10/23/2019
    • Party 1 Rubin Schron
    • Party 2 Capital One
    notes
    The lender issued a loan of $23.6 million for the Kew Gardens property.
    • Event Financing
    • Address 62-49 84th Street
    • Neighborhood Middle Village
    • Borough Queens
    • Square feet 292,651
    • Price $ 65,300,000
    • Publication Date 11/01/2019
    • Event Date 10/28/2019
    • Party 1 Rubin Schron
    • Party 2 Capital One
    notes
    The owner secured a loan of $65.3 million for the Middle Village property.

    09/01/2017
    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...

    07/01/2016
    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...

    12/31/2015
    Top from left: Robert A.M. Stern, 11 Madison Avenue, Brian Chesky, One57 and Rubin Schron...

    12/24/2015
    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...

    02/01/2014
    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...
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