Skip to content

Welcome to Monadnock Development.

We serve a wide variety of New Yorkers by developing affordable and market-rate housing - improving neighborhoods in the process.

Growing out of the success of Monadnock Construction, Inc., Monadnock Development was created in 2006 to integrate development expertise with the existing successful construction business.

Led by Nick Lembo, Monadnock Development has developed and rehabilitated over 8,000 units in the last 15 years. With a focus on developing affordable and luxury housing and mixed-use developments with complex building programs and financing structures, Monadnock has gained a reputation for successfully executing for its partners, lenders, and investors. Our  developments integrate needed commercial and community uses into critical affordable and mixed-income housing.  

At Monadnock, we take pride in our diverse group of professionals who share the common goal of improving the lives of others by developing the best affordable housing in the country.


Monadnock Property Management

Looking for Monadock Construction?

Monadnock Construction is our affiliate that performs work as either an at-risk or as-agent construction manager.

Looking for Property Management?

Monadnock Property Management is our affiliate that oversees and manages many of our properties.

Current Openings



Job Type

Sorry, we currently have no openings for Monadnock Development, but please check back later!

Our Portfolio

We develop everything—from two-family homes and mid-rise affordable developments to high-rise mixed-use projects.