Universal Affordability Preference
In R6–R10 districts, buildings can add at least 20% more housing when the additional homes are permanently affordable, typically averaging 60% of AMI.
Joint ventures
Joint Ventures & The City of Yes
RealBlock Partners creates ventures with visionary developers, owners and capital partners who want to build the future of the city. We harness the power of collaboration to unlock the full potential of real estate assets in New York. Our platform combines investment expertise, design thinking and operational excellence to bring a vision to life and deliver long-term value to every stakeholder.
Browse opportunitiesWhy this moment
City of Yes is a zoning shift. Joint ventures are how we use it.
New York City Council adopted City of Yes for Housing Opportunity on December 5, 2024 — the broadest rewrite of the Zoning Resolution since 1961. It opens density, conversion and infill paths that reward aligned owners, operators and capital.
Office-to-resi conversions
Pre-1991 non-residential buildings can convert to housing citywide — a direct path for office, civic and underused commercial assets.
Transit-oriented infill
More housing near subway and rail, matching our Bronx, Brooklyn, Upper Manhattan and Queens growth-neighborhood criteria.
Unused development rights
Vertical and rear extensions on existing lots, including assets with unused air rights that were stranded under older rules.
Three desks for three types of ventures.
Explore the different ways we partner to create impactful real estate projects in New York City.
Ground-Up Development
Collaborating on high-quality new construction projects from the ground up in prime urban locations.
- Multifamily
- Mixed-use
- Commercial
Value-Add & Repositioning
Upgrading existing assets to increase value and performance through renovation, conversion and operational reset.
- Office-to-resi conversion
- Retail-to-industrial
- Historic restoration
Mixed-Use & Commercial
Developing and managing versatile spaces that meet the evolving needs of the urban environment.
- Retail anchored
- Office flex
- Industrial / warehouse
Targeted JV deals in market.
Illustrative raises for partners who want a defined thesis, a clear capital stack and a disciplined operating plan.
NYC Housing Opportunity Fund
$50M Target
A fund focused on transit-oriented residential development under City of Yes, across Bronx, Queens and Upper Manhattan growth corridors.
View deal deck
Brooklyn Multifamily Platform
$100M Target
Acquisition and management of rent-stabilized and market-rate assets, with value-add and recapitalization paths.
View deal deckJoin a transparent, disciplined JV workflow.
Deal sourcing
Finding high-yield opportunities through a New York network of owners, brokers, agencies and neighborhood partners.
Underwriting
Rigorous analysis and risk assessment — zoning, construction, affordability overlays, capital markets and community fit.
Capital stack
Structuring equity and debt so owners, operators and investors sit in the right place in the waterfall.
Asset management
Operational oversight and execution from closing through lease-up, stabilization and a defined exit or hold.
Work with RealBlock
Ready to buy, sell, develop or invest in NYC real estate?
Let's discuss how we can help you achieve your real estate goals — through a joint venture, a sale, or a public-private partnership.