From executing billion-dollar Wall Street deals to spearheading the revitalization of Brooklyn and Bronx neighborhoods, Schelton is on a mission to preserve homeownership within the community and foster lasting generational wealth.
Introduction
Schelton’s journey is about more than financial success—it’s a testament to the power of expertise, resilience, and reinvention in addressing the urgent challenges facing Brooklyn’s historic neighborhoods. From orchestrating $20 billion deals on Wall Street to transforming the city’s real estate landscape, his influence is steadily growing. Born to a Trinidadian mother and a West African father, Schelton now leads Brownstone NYC, a mission-driven firm dedicated to helping homeowners retain wealth, combat displacement, and revitalize communities through strategic joint ventures.
Context and Background
As Brooklyn’s real estate landscape undergoes rapid transformation, many longtime residents find themselves navigating a difficult crossroads—balancing the promise of financial gain with the risk of displacement.
Real estate is more than just transactions; it’s about legacy, stability, and the long-term impact on communities. For minority homeowners in Brooklyn, preserving generational wealth amid rising property values and an influx of outside investors is a growing challenge. Families who have lived in these neighborhoods for decades often face tough decisions: Should they sell and cash out, or find ways to remain and build lasting equity?
This is the challenge that Schelton is determined to address. Through Brownstone NYC, he has combined his financial acumen with a deep commitment to community empowerment, creating innovative pathways for homeowners to protect their assets, stay in their neighborhoods, and foster sustainable wealth for future generations.
Key Solutions & Insights
Building generational wealth and preventing displacement in Brooklyn requires more than just financial resources—it demands innovative strategies, community-driven solutions, and a long-term commitment to sustainable impact. Through Brownstone NYC, Schelton has developed an approach that helps homeowners maximize the value of their properties while maintaining ownership.
1. Joint Venture Partnerships for Homeowners
One of the most significant challenges homeowners face is securing capital for renovations without having to sell their properties. Brownstone NYC addresses this by forming joint ventures with homeowners, allowing them to maintain majority ownership while receiving the financial backing and expertise needed for property upgrades.
Rahim, a longtime Brooklyn resident, had $450,000 in equity but lacked the funds for renovations. Through a strategic financing partnership with Brownstone NYC, he was able to generate over $1 million in net equity in less than two years.
2. Vertically Integrated Real Estate Solutions
Navigating the complexities of real estate—acquisition, construction, financing, and brokerage—can be overwhelming for homeowners. Brownstone NYC simplifies this process by offering a fully integrated suite of real estate services, streamlining every stage of property management and development.
From resolving title issues to securing financing and overseeing renovations, the firm helps homeowners protect their assets and avoid predatory buyers. By providing comprehensive solutions under one roof, Brownstone NYC ensures that homeowners can maximize their property’s value while maintaining control over their financial future.
3. Affordable Housing & Sustainable Development
Beyond individual homeowners, Schelton’s model extends to large-scale real estate projects that prioritize both affordability and sustainability. Through Brownstone NYC, he has facilitated developments ranging from 5,000 to 15,000 square feet, integrating affordable housing units to preserve community diversity while fostering neighborhood growth.
By crafting win-win solutions, Brownstone NYC ensures that homeowners, investors, and residents alike benefit from revitalization efforts—without the displacement that often accompanies gentrification. These projects are designed to maintain the cultural fabric of Brooklyn while creating long-term financial opportunities for local property owners.
Through strategic partnerships, innovative financial structuring, and a deep understanding of Brooklyn’s evolving market, Schelton is proving that real estate development can be both profitable and community driven. By leveraging his expertise in finance and property development, he is offering homeowners a sustainable path to generational wealth while safeguarding the integrity of Brooklyn’s historic neighborhoods.
The Benefit
By partnering with Schelton and Brownstone NYC, homeowners, investors, and community leaders gain the opportunity to build sustainable wealth while preserving the cultural and historical fabric of their neighborhoods. Through strategic joint ventures, Brownstone NYC provides homeowners with access to much-needed capital for renovations—allowing them to remain in their homes and benefit from long-term property appreciation without being forced out by escalating real estate prices.
Schelton’s vertically integrated approach streamlines the real estate process, offering end-to-end services that encompass property acquisition, renovation, financing, and brokerage. By eliminating the need for multiple vendors, Brownstone NYC simplifies transactions, reduces risk, and enhances profitability for all stakeholders.
For investors, working with Brownstone NYC presents a unique dual benefit: generating strong financial returns while contributing to the revitalization of Brooklyn’s most historic communities. With a strong commitment to affordable housing and sustainable development, the firm is not only transforming individual properties but also fostering long-term community stability.
The success of this model is exemplified by cases like Rahim’s, who, through strategic financing and renovations facilitated by Brownstone NYC, gained over $1 million in net equity in less than two years. By combining financial expertise with community-driven development, Schelton’s approach empowers homeowners to build generational wealth, preserve neighborhood heritage, and create a sustainable, inclusive future for Brooklyn.
Conclusion
Schelton’s transition from Wall Street to the helm of Brownstone NYC is more than a career shift—it is a mission to reshape Brooklyn’s real estate landscape while safeguarding the financial future of homeowners and investors. Through innovative joint venture partnerships and a vertically integrated approach, he has created a model that not only preserves generational wealth but also combats displacement, ensuring lasting community impact.
His strategy serves as a blueprint for those seeking to build wealth while maintaining the cultural and historical integrity of their neighborhoods. For investors, homeowners, and community leaders, the opportunity to be part of this movement has never been more urgent. Partner with Brownstone NYC today and help shape a future where economic prosperity and community preservation go hand in hand.