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Captain's Quarters, 1990's |
In 1906, Isaac Muss migrated to America from Russia via Capetown, South Africa, where he had worked as a general contractor. He settled in Brooklyn with his wife, Annie, and their eleven children and started the development business that bears his name. He was one of the pioneers of tract housing in this country, building hundreds of units a year in the Brownsville and East New York areas of Brooklyn in the path of the expanding subway. Before the Depression, he acquired a 1,000 acre farm in Bayside, Queens, on which he built over 1,500 homes, supervising the job from a horse and buggy. His son Hyman became acquainted with the business while riding horses around the property on visits from school.
After those early years, Hyman Muss strengthened the company's scope and reputation. In 1965, his son Joshua joined the Company, concentrating in Brooklyn, Queens and Staten Island.
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Oceana Condominium and Club, 2001 |
Today, led by Joshua L. Muss, and with fourth generation members of the family active, Muss Development Company has expanded to become the largest ongoing development company in the Boroughs of New York City by the measure of product built (over 10 million square feet of commercial, residential, industrial and retail) and planned (5 million square feet).
With a highly professional staff handling all aspects of development including initial planning and approvals, construction, marketing, sales, leasing, and management, Muss buildings are owned and operated for the long term. The process enables the economies necessary to compete in the Boroughs of New York City, while assuring an attractive, first-class quality product that will endure.
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Fawn Ridge at Woodbrooke, 1980-1990 |
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Brooklyn Renaissance Plaza |
Even given the cyclical volatility of the real estate industry, and considering the difficulty of the development process and serious lack of current production, the Muss portfolio of existing and approved product is extremely solid, particularly within the Boroughs of New York City. And, the continuity, diversity, strength and experience of Muss Development enables a unique flexibility to adapt and prosper. The leveraged debt of this private, family-owned company is extraordinarily low; its commercial tenancies are uncommonly strong and situated in prime locations; new housing has regained robust production; and major mixed used developments are about to break ground. The organization is well positioned for continued long-term stability while having established ongoing momentum.
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