Assets Under
Management

Currently
$65MM less than 10 assets
Exited
$82.4MM 10+ assets
Portfolio LTV
60%  
Historical
Realized Returns

Total IRR
24%  
Equity Multiple
1.9x  
Annual Cash
16%  
Years Of
Experience

As Principals
20+ years  
In Business
16 years  
Size
8 Staff * Dedicated investor relations
* All information is reported by Mortar Capital Management as of 2/23/2017.
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About this Sponsor

Mortar represents a premier real estate development and investment management team with over 20 years of collective experience and expertise in construction, real estate development, investments and management.

Over the last 15 years, our team has worked together on various successfully completed real estate projects in the New York City area. We’re proud to have a team with the skill sets of developers, architects, deal originators, construction managers and private investors. Our projects have generated superior returns on both a rental and sales basis.

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Key Team Members

Anthony Morena
Primary Contact

Anthony Morena

Principal

News

  • In East Williamsburg, an Architect Updates the Streets of His Youth

    9/9/2016 · THE NEW YORK TIMES

    At 139 Meserole Street, a condominium in East Williamsburg, the architect Anthony Morena opted for a zinc shingle facade that recalls the neighborhood’s much-maligned exteriors — an approach that the development blog New York YIMBY called “vinyl revival.”

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  • Gentrification strikes Alphabet City

    10/29/2014 · New York Post

    Sure, this gritty East Village enclave saw its fair share of shenanigans related to drug use and violent crime not terribly long ago, and perhaps that’s one reason why new housing construction here has remained relatively dormant — until now.

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  • The East Village Embraces a Colorful Past

    10/9/2015 · THE NEW YORK TIMES

    Provocative artwork, some depicting Cubist nudes, children’s toys and explosives, that was splashed across walls in the empty building, a former rental at 324 East Fourth Street, and discovered by Mortar Architecture and Development, the developer, has been professionally photographed for posterity. And buyers in the 11-unit, seven-story project, named Altes House, will receive these framed photos as gifts, to preserve the building’s legacy.

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Featured Past Deals

  • Ewen

    Ewen

    245 Manhattan Avenue, Williamsburg, Brooklyn

    Situated on Manhattan Avenue near Powers Street, 245 Manhattan represents a collection of 10 exceptional residences which provide a unique interpretation on classic theme. The building façade is carefully composed relationship of sustainably sourced - Japanese inspired Shou-Sugi Ban – charred wood cladding, a reclaimed cypress wood canopy, steel, and glass. The homes include a mix of 2 and 3 bedroom residences, duplex town homes with private street-level parking and landscaped gardens, and detailed penthouses with innovative building systems, floor-to-ceiling glass windows, landscaped terraces and a rooftop lounge. In addition, residences feature direct elevator access, open kitchens and modern custom baths.

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  • Ironwood

    Ironwood

    102 Gold Street, Vinegar Hill, Brooklyn

    Located in one of Brooklyn’s oldest and most iconic neighborhoods, this 10-unit residential building exemplifies the firm’s approach to architecture and development. Mortar integrated recovered materials from the building site, as well as locally sourced and re-claimed building products, into the design and construction. The approach substantially reduced costs for investors, while resulting in an environmentally responsible building whose modern aesthetic harmonizes beautifully with its historic setting. Each living space is uniquely is tailored to meet the needs of modern individuals and families.

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  • Altes House

    Altes House

    324 E. 4th Street, Alphabet City, New York

    A renewal project for a building on East 4th Street in Alphabet City, Altes House combines the restoration of a brick townhouse and a refined three story addition. 86% ROI

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  • Ainslie Street

    Ainslie Street

    294 Ainslie Street, Williamsburg, Brooklyn

    7 Residential Rental Units Williamsburg, Brooklyn 32% Annual Cash on Cash Return

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  • Ainslie Commons

    Ainslie Commons

    292 Ainslie, Williamsburg, Brooklyn

    6 Residential Condominium Units Williamsburg, Brooklyn 400% ROI

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  • Devoe Street

    Devoe Street

    Williamsburg, Brooklyn

    6 Residential Condominium Units Williamsburg, Brooklyn 80% ROI (estimated)

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Previously On RealCrowd

Mortar Growth Fund

By Mortar Capital Management

Experienced Sponsor
Mortar Growth Fund
New York City, NY
Property
Type
Multi-Family
Investment Type
Fund
Asset Profile
Value Add
Min. Investment
$50K
Estimated Hold
5Y
Target Return (IRR)
21-24%
Target Annual Cash
16%
Target Equity Multiple
1.75x
Fully Funded

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