The Cheshire Group is a real estate investment company specializing in New York metro-area multifamily properties. Cheshire’s principals, Susan Hewitt and Jenifer Steig, have experience as developers, owners, managers, investors, and lenders. They have decades of experience with respect to new developments, conversions, workouts, marketing strategy, sales and rentals (both regulated and free market). They have seen the market through several economic cycles of building and restructuring.
Cheshire has completed the condo conversions of Philip House on the Upper East Side and Devonshire House in Greenwich Village. Previously they managed a series of funds in partnership with Sterling American Properties, targeting unsold shares in co-operative and condominium apartment complexes throughout the New York metropolitan area. Cheshire pioneered the coop “white knight” business in the 1990’s, buying and restructuring underlying mortgages in coops. Cheshire developed detailed marketing strategies for the properties, restoring the value of the apartments and refinancing the properties with conventional, institutional mortgages.