Private Investment Firm

West Egg Development

Investment Details

Investor Type
Private Investment Firm

Asset Class Focus
Real Estate

Stage Focus
Development, Investment Management

Geographical Focus
United States

Industries Focus

  • Investment Management
  • Real Estate Development

Investor Details

West Egg Development is a real estate development and investment firm based in Great Neck, New York, focusing on residential and mixed-use projects in the Greater New York City area. The company is dedicated to identifying and creating value in New York real estate by recognizing promising submarkets, maintaining high product quality, and being selective in project choices. Their portfolio includes developments in Brooklyn, Queens, and the Hudson Valley.

The firm's investment strategy emphasizes ground-up developments and strategic renovations. Notable projects include the construction of multifamily buildings at 710–714 Wortman Avenue in East New York, Brooklyn, completed in 2018, and a series of adjacent multifamily buildings on East 53rd Street in East Flatbush, Brooklyn, comprising a total of 36 units. In 2023, West Egg began construction on a mixed-use development at 215–20 Northern Boulevard in the Bayside neighborhood of Queens, marking one of their largest projects to date.

Under the leadership of Managing Principal Sam Eshaghoff, who holds an MBA from New York University Stern School of Business, West Egg Development has been recognized for its contributions to housing density in neighborhoods near Kings County Hospital. Eshaghoff's prior experience includes roles in acquisitions and development at Monarch Realty Holdings and founding Surface Development, a fund specializing in acquiring and repositioning residential properties. His leadership has been instrumental in the firm's growth and success in the competitive New York real estate market.

Requirements
  • Focus on residential and mixed-use developments
  • Projects located in the Greater New York City area
  • Emphasis on high-quality construction and design
  • Selective project selection based on market potential
Contact

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