# Schelton Assoumou > Investor I Entrepreneur I Philanthropist ## Posts - [How Modular Construction is Changing New York Real Estate](https://scheltonassoumou.com/2022/11/21/how-modular-construction-is-changing-new-york-real-estate/): How Modular Construction is Changing New York City Real Estate Sydney Sweeney fapello Brownstone NYC is building 30 homes using Modular Construction in 2023 Modular Construction is a common technique used in home construction. However, today’s need for more affordable housing has led to a revolutionary way to build and renovate existing homes with environmentally […] - [Historic Housing Market Opportunity](https://scheltonassoumou.com/2022/10/11/historic-housing-market-opportunity/): The Federal Reserve has raised interest rates in 2022 increasing mortgage rates to an average of 6.83% as of October 7th, 2022. This increase in interest rates is putting pressure on buyers as the higher cost of financing requires home prices to fall. While lower home prices may seem like an excellent opportunity for buyers […] - [95 Year Old Almost Loses Home](https://scheltonassoumou.com/2022/09/07/95-year-old-almost-loses-home/): Bronx Real Estate Offers Best Return Potential - [Universal Hip Hop Parade 2022](https://scheltonassoumou.com/2022/08/24/universal-hip-hop-parade-2022/): Brownstone NYC was a sponsor for the Universal Hip Hop Parade which featured many of our Joint Venture Partnerships. - [Helping Create Housing Solutions in Brooklyn](https://scheltonassoumou.com/2022/08/22/helping-create-housing-solutions-in-brooklyn/): Working with Real Estate professionals to create win win solutions for long time residents - [Brownstone NYC Crown Heights Brooklyn Homeowner Testimonial](https://scheltonassoumou.com/2022/07/26/brownstone-nyc-crown-heights-brooklyn-homeowner-testimonial/) - [How to Enter a Real Estate Joint Venture Contract](https://scheltonassoumou.com/2022/05/17/how-to-enter-a-real-estate-joint-venture-contract/): Investors & Homeowners can benefit in uncertain markets using this joint venture guide - [How Impact Investing Has Changed](https://scheltonassoumou.com/2022/04/30/how-impact-investing-has-changed/): How Impact Investing Has Changed Since 2018 Instagram Linkedin Youtube Impact Investing is an investment in a project with a desired outcome that will positively impact the wellbeing of social, environmental or governance of a company or society. Historically, these projects have been mostly financed by government or non-profit programs because of the longer time […] - [Transforming the New York Real Estate Market in 2021](https://scheltonassoumou.com/2021/03/14/transforming-the-new-york-real-estate-market-in-2021/): Instagram Linkedin Youtube Mr Schelton Assoumou brings on board over two decades of investment entrepreneurship, experience, private equity, banking, real estate investing and development. A Wall Street veteran, he holds an MBA from Harvard Business School (Entrepreneurship) and bachelor degrees from the State University of New York at Stony Brook (Business Administration & Economics). […] - [Real Community Development from the Roots](https://scheltonassoumou.com/2020/09/16/real-community-development-from-the-roots/): Instagram Linkedin Youtube Since the Great Financial Crisis of 2007 – 2009 tremendous development has taken place across the U.S. in minority owned communities. Despite having the most to gain after being the hardest hit during the financial crisis, the families that have owned stores and built lives in these communities have not prospered from […] - [A Community Driven Investment Model](https://scheltonassoumou.com/2020/09/14/a-community-driven-investment-model/): Instagram Linkedin Youtube If you ask most children who they aspire to become when they grow up, they’ll likely tell you an athlete or entertainer. Especially if you ask the children who grew up in Bedford-Stuyvesant, Brooklyn. Until the past decade the streets of this community were better known for their crime than opportunity. However, […] - [3 Reasons Why Now Is the Best Time to Invest in Bronx Real Estate](https://scheltonassoumou.com/2020/09/07/3-reasons-why-now-is-the-best-time-to-invest-in-bronx-real-estate/): Now is the best time to invest in Bronx Real Estate because of these 3 factors - [Why Bronx Real Estate Offers Great Return Potential](https://scheltonassoumou.com/2020/09/04/why-bronx-real-estate-offers-great-return-potential/): Why Bronx Real Estate Offers Great Return Potential Real estate investment experts believe that sustained political uncertainty — especially 2020 being an election year with heightened political and social tensions — could mean property buyers proceed cautiously. In New York, the new rent laws are undoubtedly shaping the landscape as both the condo and rental markets tighten. […] - [How First Time Home Buyers Can Benefit from Dip in Prices in the Bronx](https://scheltonassoumou.com/2020/09/02/how-first-time-home-buyers-can-benefit-from-dip-in-prices-in-the-bronx/): If you wish to invest in the New York City property market in 2020 and beyond, you need to identify the best neighborhoods to put your money. Under ordinary circumstances, to successfully pinpoint those prime areas, you would go for the locations where sales have slipped, or new developments are lingering on the property market. […] - [Bronx Real Estate Offers Best Return Potential](https://scheltonassoumou.com/2020/07/21/bronx-real-estate-offers-best-return-potential/): Bronx Real Estate offers great investment potential returns - [How Landlords Can Help Tenants during Covid-19](https://scheltonassoumou.com/2020/06/11/how-landlords-can-help-tenants-during-covid-19/): Instagram Linkedin Youtube Are you wondering how Landlords Can Help Tenants during Covid-19? Coronavirus has badly hit a city where already housing was at a stress point. Politicians in the City, including Bill de Blasio, the Mayor were just beginning to consider introducing some type of universal rent control in New York when the pandemic […] - [Should I Sell My House During Quarantine?](https://scheltonassoumou.com/2020/06/04/should-i-sell-my-house-during-quarantine/): Is Now a Good Time to Sell My Home? Instagram Linkedin Youtube **Update as of July 21, 2020**New York has just entered Phase 4 re-opening post the Corona Virus pandemic. While many people will have the option of returning to work, several businesses have reduced or completely eliminated the need to be in the office. […] - [Modular Home NYC](https://scheltonassoumou.com/2020/01/24/schelton-assoumou-and-brownstone-nyc-to-build-modular-homes-in-new-york-city-in-2020/): Brownstone NYC has focused on Green Technology for building residential real estate in NY and beyond - [Schelton Assoumou invited to the 400 Foundation](https://scheltonassoumou.com/2020/01/22/schelton-assoumou-invited-to-the-400-foundation/): Instagram Linkedin Youtube Schelton Assoumou invited to the 400 Foundation “Moving the Dream Forward Luncheon” 400 Foundation is a Not for profit, faith based foundation working to advance economic equality in New York City’s development and construction Industry. Faith Leaders are stepping up to address 400 years of economic injustice by promoting Jobs and opportunities […] - [Assoumou Released From Federal Supervision](https://scheltonassoumou.com/2019/09/19/assoumou-released-from-federal-supervision/): B nud SCHELTON ASSOUMOU RELEASED FROM FEDERAL SUPERVISION Brooklyn, NY, August 22, 2019 – The United States District Court, through the order of Judge Brian Corcoran, has ordered early termination of supervision of Schelton Assoumou in case number 1:13-cr-00491-BMC, United States of America v. Schelton Assoumou. Assoumou was indicted On Tuesday January 15th, 2013 with […] ## Pages - [Contact Me](https://scheltonassoumou.com/contact-me/): I would love to hear from you. - [Blog](https://scheltonassoumou.com/blog/): I’m a real estate developer and owner of a family owned business in Brooklyn NYC. - [Certificate](https://scheltonassoumou.com/certificate/) - [About Me](https://scheltonassoumou.com/about-me/): I’m a real estate developer and owner of a family owned business in Brooklyn NYC. - [Home](https://scheltonassoumou.com/): Schelton’s business focus in on real estate development that provides affordable housing solutions to underrepresented families within the 5 boroughs of New York City and beyond. - [Blog](https://scheltonassoumou.com/blog-post/) - [Contact Schelton Assoumou](https://scheltonassoumou.com/contact-schelton-assoumou/) - [Pulaski Empowerment](https://scheltonassoumou.com/pulaski-empowerment/): Schelton Assoumou, a New York based real estate developer and Brownstone NYC are continuing their work to empower minorities by sharing knowledge that can help homeowners build wealth through Brownstone NYC’s wealth building programs. - [Thank You](https://scheltonassoumou.com/contact-success/): The 400 Foundation, Inc. - [The 400 Foundation, Inc. honors several African American Women](https://scheltonassoumou.com/the-400-foundation-inc-honors-several-african-american-women/): On October 26th, 2019, The 400 Foundation, Inc., a faith based organization led by Reverend Reginal Bachus and other imminent pastors and clergy across New York City, honored several African American women leaders and elected officials whose achievement in politics and civil society is a testament to the vitality of the African American Community. - [Schelton Attends 2019 Five Star Conference](https://scheltonassoumou.com/schelton-attends-2019-five-star-conference/): Invited by the Five Star Institute, Schelton Assoumou, New York based real estate developer and investor, Managing Director of Brownstone NYC (“BNYC”), attended the ‘’2019 Five Star Conference ‘’ held in Dallas, Texas from September 23 to 25. - [Brownstone NYC Empowers Community to Help Face Gentrification](https://scheltonassoumou.com/brownstone-nyc-empowers-community-to-help-face-gentrification/): Due to rapid gentrification, numerous minority home owners are under the threat of losing their homes and being pushed out of neighborhoods where they have lived for more than 30 years to 40 years. - [The 400 Foundation, Inc. honors several African American Women leaders and elected officials](https://scheltonassoumou.com/400-foundation-press-release-honors-several-african-american-women-leaders-and-elected-officials/): On October 26th, 2019, The 400 Foundation, Inc., a faith based organization led by Reverend Reginal Bachus and other imminent pastors and clergy across New York City, honored several African American women leaders and elected officials whose achievement in politics and civil society is a testament to the vitality of the African American Community. - [Men’s Tennis Earns ITA](https://scheltonassoumou.com/mens-tennis-earns-ita/) - [Tennis Championship Double Runner Up 1996](https://scheltonassoumou.com/tennis-championship-double-runner-up-1996/) - [Tennis Championship Winner 1996](https://scheltonassoumou.com/tennis-championship-winner-1996/) - [Tennis Championship Runner Up 1995](https://scheltonassoumou.com/tennis-championship-runner-up-1995/) - [Links](https://scheltonassoumou.com/links/) - [Harvard graduate, Jean-Michel Assoumou spoiled by world finance](https://scheltonassoumou.com/harvard-graduate-jean-michel-assoumou-spoiled-by-world-finance/) - [High Honor Roll Award 1997](https://scheltonassoumou.com/high-honor-roll-award-1997/) - [Wall Street Directory](https://scheltonassoumou.com/wall-street-directory/) - [West African Newspaper 2005](https://scheltonassoumou.com/west-african-newspaper-2005/) - [Terms & Conditions](https://scheltonassoumou.com/terms/): These Terms and Conditions are rules which you as the user must agree to abide by in order to use our Website and Services. - [Statesman 46](https://scheltonassoumou.com/statesman-46/) - [Statesman 42](https://scheltonassoumou.com/statesman-42/) - [Statesman 39](https://scheltonassoumou.com/statesman-39/) - [Introduction / Bio](https://scheltonassoumou.com/introduction-bio/): Schelton is an African American real estate developer and investor based in New York City with investments in multi-family, commercial, mixed use and luxury condominiums in the Greater New York area. - [Early Life and Education](https://scheltonassoumou.com/early-life-and-education/): Schelton was born in Oakland, California in 1976 to father Martin Ngoran Assoumou from the Ivory Coast, a member of the Akan ethnic community, and a Trinidadian mother, Maureen Williams. - [Wall Street Career](https://scheltonassoumou.com/career/): Schelton began his career at J.P. Morgan in 1996. He was a member of the firm’s investment banking division. - [Entrepreneurship / Investments](https://scheltonassoumou.com/entrepreneurship/): In 2008, Schelton left J.P. - [Philanthropic Activity / Awards](https://scheltonassoumou.com/philanthropic-activity-awards/): Schelton has been involved in philanthropic work from a young age. As a result, he has received several awards and recognitions. - [Lebowitz Memo](https://scheltonassoumou.com/lebowitz-memo/) - [Stony Brook Outstanding Service for Department of Residential Programs 1998](https://scheltonassoumou.com/stony-brook-outstanding-service-for-department-of-residential-programs-1998/) - [Stony Brook Certificate Most Cool in Crisis](https://scheltonassoumou.com/stony-brook-certificate-most-cool-in-crisis/) - [Stony Brook Certificate of Outstanding Service Beyond of Duly 1996](https://scheltonassoumou.com/stony-brook-certificate-of-outstanding-service-beyond-of-duly-1996/) - [Stony Brook Certificate of Enhancement of Community](https://scheltonassoumou.com/stony-brook-certificate-of-enhancement-of-community/) - [Inroads Program Mentorship Recognition 1997](https://scheltonassoumou.com/inroads-program-mentorship-recognition-1997/) - [Certificate of Excellence](https://scheltonassoumou.com/certificate-of-excellence/) - [Chase Investment Banking Analyst Program 1998](https://scheltonassoumou.com/chase-investment-banking-analyst-program-1998/) - [Inroads Chase Partnership Certificate of Achievement 1997](https://scheltonassoumou.com/inroads-chase-partnership-certificate-of-achievement-1997/) - [Stony Brook Scholar Athlete Award 1998](https://scheltonassoumou.com/stony-brook-scholar-athleteaward-1998/) - [French Baccalaureat Degree Economics 1994](https://scheltonassoumou.com/french-baccalaureat-degree-economics-1994/) - [Golden Key National Honor Society 1996](https://scheltonassoumou.com/schelton-golden-key-national-honor-society/) - [Harvard MBA Degree 2005](https://scheltonassoumou.com/harvard-mba-degree-2005/): https://www.library.hbs.edu/hc/AASU/imgs/pdfs/15-Controlling_Our_Destiny-Increasing_the_Power_and_Influence_of_the_Black_Community.pdf. - [HBS Toigo Foundation Fellow](https://scheltonassoumou.com/hbs-students-named-toigo-foundation-fellow/) - [Stony Brook Newspaper Senior Profile 1998](https://scheltonassoumou.com/stony-brook-newspaper-senior-profile-1998/): To learn more about Schelton click here. - [Stony Brook Newspaper Junior Profile 2016](https://scheltonassoumou.com/stony-brook-newspaper-junior-profile-2016/) - [Stony Brook Newspaper Freshman Profile 1995](https://scheltonassoumou.com/stony-brook-newspaper-freshman-profile-1995/) [comment]: # (Generated by Hostinger Tools Plugin)