Insights
March 31, 2026
Prosper Property Group is a full-service, vertically integrated real estate development firm specializing in luxury rentals and condominiums across Manhattan, Brooklyn and Queens. The firm oversees every phase of the real estate process, including acquisitions, debt financing, investment sales, rental brokerage, development, asset management and property management. Prosper’s portfolio includes a mix of residential properties, along with select office and retail spaces.
(01)
Years of Experience
55+
(01)
Years of Experience
55+
(01)
Years of Experience
55+
(02)
Square Feet Built
650,000
(02)
Square Feet Built
650,000+
(02)
Square Feet Built
650,000
(03)
Deliverable Value
$500M+
(03)
Deliverable Value
$500M+
(03)
Deliverable Value
$500M+
Core Values
These principles not only reflect our philosophy but also shape the way we approach design and innovation.
1.
Innovation Through Design
2.
Collaboration at the Core
3.
Foundational Aspirations
4.
Elevating Experiences
5.
Integrity and Transparency
1.
Innovation Through Design
2.
Collaboration at the Core
3.
Foundational Aspirations
4.
Elevating Experiences
5.
Integrity and Transparency
1.
Innovation Through Design
2.
Collaboration at the Core
3.
Foundational Aspirations
4.
Elevating Experiences
5.
Integrity and Transparency
Future of New York City's Development Standard
Future of New York City's Development Standard
Unlike traditional developers that outsource execution, Prosper benefits from a vertically integrated platform through its affiliation with First Standard Construction. The close alignment between development and construction teams provides enhanced visibility into costs, schedules, and constructability throughout the lifecycle of each project.
The Prosper Approach
Prosper oversees the full development lifecycle in-house, from acquisitions and financing through entitlement, construction, asset management, and property management. By maintaining direct control over each phase, we streamline decision-making, preserve design intent, and execute with a level of precision that is difficult to achieve through a fragmented development model.
The Prosper Approach
Prosper oversees the full development lifecycle in-house, from acquisitions and financing through entitlement, construction, asset management, and property management. By maintaining direct control over each phase, we streamline decision-making, preserve design intent, and execute with a level of precision that is difficult to achieve through a fragmented development model.
The Prosper Approach
Prosper oversees the full development lifecycle in-house — acquisitions, debt financing, entitlement, construction, asset management, and property management. This integration isn't overhead. It's precision. By controlling each phase directly, we compress timelines, protect quality, and eliminate the friction that erodes lesser projects. Our affiliated construction arm, First Standard Construction, means we self-perform on builds — no third-party general contractor, no diluted accountability.
Reputable Leadership
Prosper was founded by Damien Smith and Eddie Bender, two principals who together span the full spectrum of New York development. Smith brings over 25 years of construction expertise, having delivered more than 50 projects as a general contractor — ground-up builds, vertical extensions, and complex building combinations. Bender leads acquisitions and finance, with more than $400 million in assets managed and over $350 million in construction and permanent financing secured. Their combined command of both the physical and financial dimensions of development is what defines how Prosper operates.
Reputable Leadership
Prosper was founded by Damien Smith and Eddie Bender, two principals who together span the full spectrum of New York development. Smith brings over 25 years of construction expertise, having delivered more than 50 projects as a general contractor — ground-up builds, vertical extensions, and complex building combinations. Bender leads acquisitions and finance, with more than $400 million in assets managed and over $350 million in construction and permanent financing secured. Their combined command of both the physical and financial dimensions of development is what defines how Prosper operates.
New York, Built Right
Prosper Property Group's experience spans more than 650,000 square feet of residential and mixed-use real estate across Manhattan, Brooklyn, and Queens, encompassing acquisitions, ground-up development, repositioning, rezoning and value-creation strategies, financing, and asset management.
New York, Built Right
Prosper Property Group's experience spans more than 650,000 square feet of residential and mixed-use real estate across Manhattan, Brooklyn, and Queens, encompassing acquisitions, ground-up development, repositioning, rezoning and value-creation strategies, financing, and asset management.
New York, Built Right
Prosper's active portfolio spans over 650,000 square feet of residential and mixed-use assets across the five boroughs. Current and recent projects include boutique luxury condominiums at 32–34 Walker Street in Tribeca, a significant multifamily development at 10 West 17th Street in the Flatiron District, and residential properties in Long Island City and the Lower East Side. Each site is selected for its structural upside — then developed to exceed it.
Curated Craftsmanship
Prosper's work is defined by a commitment to design and craftsmanship that prioritizes longevity over trend. The buildings we deliver are not engineered for a moment — they are built for the neighborhoods they enter and the residents who will inhabit them for decades. Every material decision, every spatial configuration, every finish reflects a deliberate effort to produce work that holds its value and its character over time.
Innovative digital tools also streamline collaboration, allowing teams to work more efficiently across multiple platforms and geographies.
Curated Craftsmanship
Prosper's work is defined by a commitment to design and craftsmanship that prioritizes longevity over trend. The buildings we deliver are not engineered for a moment — they are built for the neighborhoods they enter and the residents who will inhabit them for decades. Every material decision, every spatial configuration, every finish reflects a deliberate effort to produce work that holds its value and its character over time.
Innovative digital tools also streamline collaboration, allowing teams to work more efficiently across multiple platforms and geographies.
Capital Ecosystem
Prosper's growth has been made possible by a strong network of capital partners, lenders, and advisors who have consistently supported the firm's vision and execution. We are grateful for the trust and collaboration of institutions including Northwind Group, Kriss Capital, Valley National Bank, Key Bank, Fieldpoint Private, and Parkview Financial, as well as capital markets advisors such as HKS Real Estate Advisors, Colliers, JLL, Lee & Associates, and Newmark. These relationships have played an important role in helping Prosper source opportunities, structure transactions, and deliver projects across New York City.
Capital Ecosystem
Prosper's growth has been made possible by a strong network of capital partners, lenders, and advisors who have consistently supported the firm's vision and execution. We are grateful for the trust and collaboration of institutions including Northwind Group, Kriss Capital, Valley National Bank, Key Bank, Fieldpoint Private, and Parkview Financial, as well as capital markets advisors such as HKS Real Estate Advisors, Colliers, JLL, Lee & Associates, and Newmark. These relationships have played an important role in helping Prosper source opportunities, structure transactions, and deliver projects across New York City.
Capital Ecosystem
Development in New York requires capital partners who move decisively. Prosper has built institutional-grade relationships with lenders including Northwind Group, Kriss Capital, and Klirmark Capital, enabling the firm to structure complex transactions and close on competitive sites without delay. With over $200 million in assets under management and a track record of disciplined deal execution, Prosper operates with the credibility and speed this market demands.
Our Visionaries
Our leadership team comprises trailblazers whose expertise define the essence of our work. These founders and leaders shape our path with creativity, innovation, and purpose.
Notable Recognitions
We are grateful to the journalists, industry organizations, and peers who take the time to recognize the people and projects shaping New York City's built environment. Their acknowledgment reflects not only our work, but the collective efforts of the partners, consultants, tradespeople, and communities that make each project possible.
2025
One's to Watch (NYREJ)
2024
Sustainability in Design Award
2023
Innovative Interior Design Excellence
2023
Urban Excellence Award
