Ironstone Partners is a real estate investment and advisory firm headquartered in Manhattan.  Ironstone specializes in the acquisition and development of multi-family, mixed-use, and retail properties located primarily in Manhattan, Brooklyn, and Queens.  We focus on acquisitions which are often off-market and undervalued. Ironstone Partners is a vertically integrated firm that provides services from sourcing and underwriting, to leasing and sales, to construction and property management.  


Our Story

For over 20 years Morwin Schmookler & Jane Upton have partnered in the acquisition, management and redevelopment of multi-family, mixed-use, and retail properties in New York City and urban/sub-urban areas throughout the United States.  They have redeveloped buildings together in Midtown, Chinatown, East Harlem, Washington Heights, Long Island City, Greenpoint, and Bushwick in New York City.  They have also been acquired and repositioned retail properties in Florida, Georgia and the Cincinnati-Metropolitan area. 

Investments With Ironstone

Ironstone Partners makes value-driven investments in properties throughout the United States in order to consistently generate above-average returns by recognizing each property's unique potential, intelligently reducing operating expenses while increasing tenant satisfaction, and leveraging market trends.  

Our Community

At Ironstone we actively seek to support organizations that strengthen and support communities where we are invested. In addition to supporting associate volunteer activities, each year a minimum of 10% of profits are donated to non-profit organizations with a proven track record of providing vital community services and the arts to the public. 

Executive Team 


Morwin Schmookler, Ironstone’s Principal, has acted as a Managing Partner on behalf of several partnerships in the acquisition, redevelopment and management of multi-family, mixed-use and retail properties in New York City. For over 15 years he has owned, operated, and repositioned properties in Midtown Manhattan, Chinatown, East Harlem, Washington Heights, Long Island City, Greenpoint, and Bushwick in New York City.  In the past several years he has partnered with American Commercial Realty in the acquisition and repositioning retail shopping centers in Jacksonville, FL, Georgia and the Cincinnati Metropolitan area.  Mr. Schmookler is a licensed real estate broker in New York and a member of ICSC, ULI and REBNY.  He has been a resident of New York City his entire life and is involved in various philanthropic projects, including the New York Public Library, Hampshire College and the Public Theater.


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 - $60 million


Property Type: Retail Properties (Usually value-add)

Property Location: Urban/Suburban Markets throughout the Northeast, Southeast & Midwestern United States

Deal Size: $5 million - $60 million


Property Type: Development sites for multi-family, retail, or mixed-use, as of right, or with approved plans

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 this 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.