Stein Capital
Real Estate Investment & Development

Full-service real estate development, with an owner's discipline from start to finish.

Founded in 2015, Stein Capital is a fully integrated real estate investment and development firm. We manage the entire process — project analysis, financing strategy, entitlements, construction oversight, and asset optimization — with one team and a single point of accountability. We specialize in ground-up luxury homes, historic restorations, adaptive reuse, and high-value multi-unit projects across Massachusetts.

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About Stein Capital

Your premier partner in real estate investment and development.

Stein Capital is a privately owned firm dedicated to transforming exceptional opportunities into outstanding real estate assets. With a sharp focus on innovation and quality, our portfolio spans luxurious single-unit developments, high-value multi-unit projects, and meticulously renovated residences.

For investors and owners, we serve as an advisor, construction, and investment partner: you bring the capital, and we bring the diligence, development, and construction expertise to expand your portfolio or reimagine your land, your existing asset, or your next build.

Our difference is simple: we are real estate investors and project managers ourselves. The due diligence and feasibility work that decides whether an asset's value can be maximized is done by people who buy, build, and carry these projects, not by analysts at arm's length.

Masonry and steel window installation on a Stein Capital project in Back Bay
The Investment Life Cycle

We handle the full lifecycle, from first walkthrough to project completion and exit.

The same team that analyzes the numbers also runs the job site, whether it's our own project or one we're advising.
We bring an owner's discipline to schedule, budget, and quality on every job.

01 — Analyze

Project Analysis

We walk every property and stress-test every number before we commit: comps, carrying costs, rehab budgets, and realistic exit values. If the deal doesn't pencil, we'll tell you directly — no sugarcoating.

02 — Finance

Funding Connections

Smart capital is as important as smart construction. We provide the financial discipline and industry connections to help you secure the right funding on the right terms, quickly. We don't fund or underwrite projects ourselves. Instead, we help you structure the deal intelligently and introduce you to trusted partners in our network, so you can move from financing to groundbreaking without delay.

03 — Develop

Development

We handle structural and land due diligence before acquisition, followed by zoning, permitting, inspections, and construction management. Our experience navigating historic commissions gives projects the best chance of approval. One team carries your project from offer to occupancy, with a single point of accountability.

04 — Build

Construction Services

Ground-up custom homes, gut renovations, additions, historic restorations, and adaptive reuse. We're experienced with structural steel, custom millwork, and complex site work, including wetlands and challenging grading conditions. If it can be built, we've probably built it, and we stand behind our work.

05 — The Future of the Asset

Sustainability & Smart Building

The most valuable buildings of the next decade will cost less to operate, leave a lighter footprint, and work smarter. At Stein Capital, sustainability and intelligence aren't add-ons — they're designed into the asset from day one. We offer standalone audits and optimization for existing properties, plus first-principles integration on every new project.

Rooftop solar array on a Stein Capital residential project
Full building envelope weatherization wrap on a project under construction
Sealed envelope before finish

Envelope & Energy

Tight building envelopes that prevent water intrusion and slash energy loss, from sealed stucco and high-performance windows to strategic electrical design. This unglamorous work quietly drives down operating costs for the life of the asset.

Tesla Powerwall battery storage installed next to the electrical panel on a project
Battery storage, installed

Generation & Storage

Solar arrays, battery storage, and geothermal systems — sized and placed where they actually make financial and operational sense. We build resilience and energy independence without greenwashing.

Thermal imaging scan during an energy audit, showing heat loss
Thermal audit, heat loss mapped

Smart Building Technology

IoT sensors, automated systems, and adaptive technologies, including electrochromic glass, that let buildings monitor themselves, respond to occupants, and protect long-term value.

Our Work

A portfolio built project by project.

Custom luxury estates, waterfront new construction, multi-unit townhome developments, gut renovations, and historic restorations. Every image is a project we've delivered. Select any to view it full size.

Before & After

Our team excels in transforming and maximizing the value of diverse residential assets, including properties deemed uninhabitable, sold as-is, eligible for adaptive reuse, or under foreclosure.

Attic conversion, before and after
Attic Conversion
Full gut renovation, before and after
Gut Rehab
Bathroom renovation, before and after
Bathroom Rehab
Kitchen renovation, before and after
Kitchen Rehab
How We Work

Planning & Development

Our expertise lies in seamlessly collaborating with community stakeholders, zoning boards, historic commissions, and local inspection teams. By maximizing project potential through strategic engagement, we ensure every development fosters a lasting, positive impact on the communities we serve, building not only structures but strong, sustainable relationships within the neighborhoods we help shape.

Renovation, Reuse & New Construction

From ground-up builds to bringing older buildings back to life, we work across the full range of residential projects: single- and multi-unit new construction, additions that expand what a property can do, sustainability retrofits that cut operating costs, and historic reuse that preserves character while unlocking modern value. Every project is built to drive strong returns, catalyze neighborhood revitalization, and create lasting value for the communities we serve.

Excavator clearing a waterfront site at sunrise
Who We Work With

Built on partnership.

We serve investors and owners as an advisor, construction, and investment partner. However you come to the table, you get the same disciplined diligence and hands-on execution.

Investors & Capital Partners

Partner with a team that walks every property, runs disciplined due diligence, and manages the build itself. From acquisition through exit, you know exactly where your capital is and who's accountable for it.

Property Owners & Sellers

Whether your property is underused, distressed, sold as-is, or simply ready for its next chapter, we bring the vision, planning, and construction expertise to unlock its full value, and we can introduce you to trusted funders in our network when you need them. We deal straight from the first conversation.

Our Team

Leadership

Alice H. Stein

President & Founder

Lenny Gimmelfarb

VP, Construction

Kirill Gusev

VP, Acquisitions

Boston skyline over the Charles River
Investing for impact in Greater Boston and throughout Massachusetts since 2015.
“We work closely with clients to reimagine what a property could become, then do the work to get it there.”
Alice H. Stein, President & Founder
Contact Us

Partner with Stein Capital on your next project.

Whether you're an investor looking for your next opportunity or an owner ready to unlock a property's potential, we'd welcome the conversation.

Schedule a Meeting

Prefer email? Reach us at alice@steincapitalinc.com