Ironstone Partners is a vertically integrated real estate investment and advisory firm specializing in the acquisition and development of multi-family and retail properties in New York City and throughout the continental United States. 

Our Story

For over 20 years we have developed and managed properties in Midtown, Chelsea, Chinatown, East Harlem, Washington Heights, Long Island City, Greenpoint, Williamsburg and Bushwick in New York City.  We also own and develop properties in the Northeast, Mid Atlantic, Southeast and Midwestern United States. 

Investments With Ironstone

Ironstone Partners makes value-driven investments in commercial real estate 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

Ironstone actively supports non-profit organizations that provided arts and educational programs to the communities where we work.  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, Citi Parks & the Public Theater.

Executive Team


Morwin Schmookler has acted as a Managing Partner in the acquisition, redevelopment and management of multi-family, mixed-use and retail properties for over 15 years.  He 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 that primarily focus 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 & 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.