Ironstone Partners is a vertically integrated real estate investment and advisory firm specializing in the acquisition and development of multi-family, mixed-use, and retail properties located primarily in New York City. 

Our Story

For over 20 years we have owned and operated multi-family, mixed-use, and retail properties in New York City and urban/sub-urban areas throughout the United States.  We have acquired, developed, and managed properties in Midtown, Chinatown, East Harlem, Washington Heights, Long Island City, Greenpoint, and Bushwick in New York City.  We also own and develop retail properties in the Northeast, Southeast, and Midwestern United States. 

Investments With Ironstone

Ironstone Partners makes value-driven investments in commercial properties throughout the United States.  We have consistently generated above-average returns by utilizing comprehensive research methods to analyze each property's unique potential, intelligently reducing operating expenses, while increasing tenant satisfaction, and leveraging market trends.  

Our Community

We actively supports non-profit organizations that strengthen and support our community.  In addition to supporting associate volunteer activities, each year Ironstone pledges a minimum of 10% of annual profits to be donated to non-profit organizations with a proven track record of providing vital community services and the arts to the public.  These organizations include the NYPL, BRIC & the Public Theater.

Executive Team


Morwin Schmookler, Ironstone’s Principal, has acted as a Managing Partner in the acquisition, redevelopment and management of multi-family, mixed-use and retail properties throughout New York City for over 15 years.  He has also acquired and repositioned retail shopping centers in the Southeast and Midwest.  Mr. Schmookler is a licensed real estate broker in New York and an active member of ICSC, ULI and REBNY.  

Mr. Schmookler has been a resident of New York City his entire life and is involved in various philanthropic works, primarily focusing on arts and education projects at the New York Public Library, Hampshire College and the Public Theater.  He is currently a member of the Education Committee and the Young Lions Committee at the NYPL and a member of the Young Partner Board at the Public Theater in New York.  


Jane Upton brings over 35 years of real estate experience to Ironstone Partners.  Ms. Upton began her career as an accounts manager and over time developed an extensive knowledge of the various aspects of real estate management.  Together with Mr. Schmookler she has been involved in the acquisition, management, and disposition of various multi-family, mixed-use, and retail properties in New York City and across the United States, including a hotel in Manhattan’s Chelsea.  


General parameters for acquisitions:

Property Type: Residential, Multi-Family, Office & Mixed-Use Properties   Property Location: New York City   Deal Size: $1 million - $100 million

Property Type: Retail Properties & Multi-Family Properties (Usually value-add)     Property Location: Urban/Suburban locations throughout the Northeast, Southeast & Midwest                    Cities of Particular Interest: Philadelphia & Baltimore      Deal Size: $2 million - $100 million

Property Type: Development sites for multi-family, retail, or mixed-use     Property Location: New York City (Manhattan, Brooklyn, Queens & Bronx)    Deal Size: $1 million - $25 million

If you have a property or package of investment properties for sale that meet these criteria please send any relevant information to  We consider third-party management opportunities and joint ventures on a case by case basis.  Please contact us for more information.