Itzhaki Acquisitions is a United States real estate investment and development firm. Multifamily, development sites, commercial, and self storage — in New York City and secondary markets since 2006.
$1B+TRANSACTIONS EXECUTED
28ASSETS ACQUIRED & DEVELOPED
2006FOUNDED
We underwrite the building, not the market narrative.
Founded in 2006, Itzhaki Acquisitions has spent two decades sourcing, structuring, and executing New York real estate as principal — from single walk-ups on the Upper East Side to a seven-parcel assemblage in Hudson Square that became a Renzo Piano tower.
Every deal starts with structural integrity and long-term value. We underwrite to the downside first, hold what is worth holding, and exit when the numbers say so rather than when the cycle does.
PORTFOLIO
Selected assets across four boroughs and three states.
ASSET CLASS
MARKET
No assets match that combination.
STRATEGY
Four disciplines, applied in order, on every deal.
01
Acquisition
Direct owner contact and rigorous screening across New York and secondary US markets. Most of what we buy never reaches a broker's mailing list.
02
Underwriting
Capital structure and risk built for large-scale acquisitions, with the downside case modeled before the upside is discussed.
03
Repositioning
Asset optimization and adaptive reuse that carry underperforming buildings to stabilized institutional quality.
04
Development
Ground-up residential and mixed-use projects, including multi-parcel site assemblies that take years to close.
PUBLISHED
Never show emotion. Be patient. Work hard.
In 2006, Erez Itzhaki was one of a hundred real estate professionals invited to contribute a chapter to Trump: The Best Real Estate Advice I Ever Received, published by Rich Publishing.
His chapter argues that the first discipline in real estate is emotional: the willingness to stay patient, work relentlessly, and build enough volume that no single deal has to close. Twenty years on, it still describes how the firm underwrites.
CHAPTERForty-two, page 118ALONGSIDEBarbara Corcoran · Larry Silverstein · Harry Macklowe · Robert Knakal
TRACK RECORD
Executed as principal and intermediary since 2006.
$130M
Varick Street assemblage — Hudson Square
2014 acquisition of a 20,000 SF SoHo corner with Shvo, Halpern Real Estate Ventures, Bizzi & Partners and Aronov. The seven-parcel assembly became a Renzo Piano–designed 25-story, 115-unit condominium of roughly 250,000 SF.
$50M
368 Third Avenue — Kips Bay
Development site secured with Continental Ventures for a 34-story multifamily plan.
$50M
Five buildings, one block — Murray Hill
Five-building portfolio, 53 apartments and 7 retail units, acquired in a single closing.
$17.3M
East Village trio — 170–174 East 2nd Street
2014 sale to Kushner Companies, exiting to concentrate capital on the Varick assemblage.
$11M
Upper East Side multifamily
2018 acquisition from Blackstone and Fairstead, brokered by Knakal.
