Residential Projects

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High-end Brooklyn rentals in Clinton Hill and Bedford-Stuyvesantand a Manhattan Fifth Avenue red brick and limestone penthouse building are among the residential properties developed by Caspi. Caspi properties reach from Stamford, CT to downtown Manhattan to South Beach, FL.

Through strategic partnerships, Caspi acquired approximately 1,600 apartments throughout New York City in 2013, including a 500-unit package in the Bronx that adds to its growing Bronx portfolio. Caspi Development also owns 1,500 apartments in Westchester County.

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Commercial Projects

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From breathtaking offices in the heart of the White Plains business district to fashionable corporate space in Mount Pleasant, NY, Caspi owns and manages a suite of commercial buildings that house a variety of professional tenants. The company’s commercial portfolio includes millions of square feet across five top-tier properties.

Current projects include a strategic partnership with Faros Properties for 120 Bloomingdale Road, a complete overhaul of the former Nestlé headquarters in White Plains into Class A office space with unique amenities such as private terraces and dedicated parking, and the adjacent Heritage White Plains, a luxury, open-air retail and restaurant hub set to open along the Bloomingdale Road retail corridor in 2015.

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Hotels Projects

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Caspi’s collection of hospitality properties includes a boutique hotel designed by marquee-name architect David Rockwell and the sprawling Marriott in Stamford, CT, which caters to global professionals conducting business in Fairfield County.

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Caspi Development’s history stretches back to the 1950s, when Joseph Caspi – who owned and operated several clothing companies – leaped into the real estate realm. He acquired numerous high-profile apartment buildings in Manhattan, the Bronx and Westchester County, earning and upholding a reputation as a rental property expert until his passing in 1990. Joseph Caspi’s notable properties included the Grand Concourse Hotel in the Bronx; he also founded the Sephardic Nursing and Rehabilitation Center in Brooklyn.

The Caspi Development acumen lies in identifying distressed and underutilized properties with untapped potential. Decades of real estate pedigree, coupled with a comprehensive hands-on approach, allow Caspi to hone in on and perfect “diamond in the rough” projects.

Caspi is reaching out beyond its footprint in Westchester to add value in Brooklyn, the Bronx, and Manhattan, with a goal to join strategic partners in the purchase, repositioning and reintroduction into the market of thousands of apartments across the boroughs. Caspi plans to add more residential projects to its portfolio.

Philanthropy is a cornerstone of the company. Caspi has a history of supporting local non-profits, including the UJA Federation and Westchester Mental Health Association. Caspi has also sponsored events coordinated by the White Plains Business Improvement District.

Caspi Development strives to partner with top-tier real estate and investment professionals and firms to maximize success on all projects. Associates include Faros Properties, a real estate investment firm; Artemis Real Estate Partners, LLC, a private equity investment manager; Finkelstein Timberger Real Estate, an owner and management company that works throughout the Bronx; and CBRE Capital Markets, which specializes in debt and equity finance and acquisition and disposition services.

We partner with BD Hotels on many of our NYC Hotel Projects.