Manocherian Brothers

Overview

Manocherian Brothers is a privately held real estate investment and development firm based in New York City. The company specializes in acquiring, developing, and managing multifamily residential properties, particularly on the Upper East Side of Manhattan. Their portfolio includes notable properties such as One Astor Place, 210 Fifth Avenue, 201 East 12th Street, 420 East 79th Street, Empire House (200 East 71st Street), and The Langham. The firm was founded by brothers Manoocher, Amir, Eskandar, and Fraydun Manocherian, members of a prominent Iranian family who immigrated to the United States in the 1930s. Over the decades, the family established itself as a key player in New York City's real estate industry, leveraging strategic acquisitions and development projects to build a diverse portfolio of residential and commercial properties. Beyond New York City, the company has expanded its holdings into other major urban markets. In 2012, a subsidiary of the company acquired the historic Bond Building in Washington, D.C. for $22 million. In 2016, a partner invested in a Miami property. In 2024, the firm filed plans for a new major development on the Upper East Side, demonstrating its ongoing commitment to urban development and revitalization projects.

Investment Focus

• Focus on multifamily residential properties
• Interest in urban development and revitalization projects
• Preference for properties in New York City and major urban markets

Portfolio Companies