Established in 1991 and headed by Kevin Maloney, Property Markets Group is a New York City-based real estate acquisition and development firm with real estate assets spread throughout the United States and abroad. PMG has successfully transformed underutilized assets into highly profitable operating properties for over 20 years. Our ability to anticipate market trends and make aggressive, well-timed investments has, and will continue to reward our properties with operating profitability and robust asset appreciation.
Property Markets Group has been responsible for over 150 real estate transactions including over 80 residential buildings in Manhattan during its 20 year history. One of the leading converters of New York City rental apartments, PMG has distinguished itself over the last five years through its development of new construction condominium developments, both in New York City as well as Florida, South Carolina, Illinois, the Caribbean, and elsewhere.
PMG is currently developing 210 West 18th Street, a $150,000,000 luxury condominium project in Manhattan, in partnership with Starwood Capital; 435 West 50th Street, a $70 million multi-family residential project in Manhattan; 50 North 1st Street, a 46-unit multi-family rental building located in Williamsburg, Brooklyn; and 95th On The Ocean, a 7-unit luxury residence condominium one block from Bal-Harbor Shops.
Disclaimer: PMG does not directly own any project or an interest in any project. Each project is owned by a separate single asset entity to facilitate investment and development. As a result, every project is independent of all other projects.