Cayuga Capital Management

Cayuga Capital Management (CCM) was established in 2007 when Jacob Sacks and James Wiseman decided to create a real estate company focused on long-term value and careful development. Based in New York City, the firm focuses most of its activity in Brooklyn and Texas. Its work spans acquisitions, development planning, construction management, and the ongoing operation of residential and commercial properties. From the beginning, the partners have aimed to build projects that address neighborhood needs and connect places where people can live, shop, and spend time.

Over the years, CCM has become an influential presence in Brooklyn’s real estate landscape. The firm has developed more than 350 apartment units and nearly 450,000 square feet of commercial space across the borough. Through this consistent involvement, Cayuga Capital has grown into one of the largest commercial developers in Williamsburg and one of the leading residential operators in Bushwick. Its work has contributed to shaping areas that continue to change as new residents and businesses move in.

A significant example of CCM’s redevelopment approach was its long-term lease with Vital Climbing Gym, a California fitness operator. In 2017, the firm purchased a century-old warehouse at 1 Nassau Avenue, located at the intersection of Williamsburg and Greenpoint near McCarren Park. The structure offered an opportunity for adaptive reuse due to its size and industrial layout. Cayuga Capital repositioned the property for a high-performance fitness tenant, resulting in roughly 46,000 square feet of climbing walls, fitness areas, and social spaces. When the building was sold in 2023 for $43.3 million, it set a record at the time for the highest price paid for a standalone climbing facility. The project demonstrated that older industrial properties can regain relevance through the right redevelopment strategy.

In Bushwick, Cayuga Capital helped spur commercial growth by converting two aging factory buildings at 22-28 Wyckoff Avenue. The firm transformed the site into a 10,000-square-foot retail center, introducing an organic grocery store, a boutique wine shop, and a space intended for a restaurant or nightlife tenant. This redevelopment helped bring new activity to the area and contributed to the neighborhood’s early retail expansion.