Creating Value

ABS is a privately held, vertically integrated real estate company founded in 1999 by former Helmsley-Spear executives Earle Altman, Gregg Schenker and Steven Hornstock along with their longtime business associates Dan and Peter Burack. From inception we have been dedicated to building a lasting real estate and professional partnership. Our company focuses on two primary areas of the real estate business:

  • providing services exclusively to property owners which add value in leasing, investment sales, property management, construction management and advisory; and
  • organizing opportunities for our clients to participate in the ownership of real estate. The acquisition of a significant interest in a financing company has broadened our capabilities in this area.

 With each transaction we begin with the belief that real estate is not a cookie cutter business, but rather that every situation is unique ­­– every plot of land, every building, every opportunity requires a thorough understanding of both macroeconomic and micro market forces to arrive at an optimal outcome. We overlay this with a level of sophistication born of decades of experience, a propensity to think creativity to drive value and a depth of diligence to support both.

Headquartered in Manhattan, we maintain offices in Brooklyn, Westchester County, NY and south Florida. Our diverse portfolio of 70 properties and assets under management includes a variety of asset classes – office, multifamily, hotel, retail, and medical office – and spans more than 13 million square feet. Signature properties include 200 Park Avenue South, a 237,000 SF office and retail building in Manhattan’s Midtown South neighborhood where we recently completed a significant capital program; Kenton Circle, a 150,000 SF suburban office center in North Carolina; Datran Center, a 500,000 SF, two-building complex in Miami; 145 East 57th Street, a 75,000 SF boutique office building in Manhattan’s Plaza District; 5500 Broadway a 150,000 SF mixed use property in the Bronx; and a five-building 350,000 SF life science research campus with 31 acres of entitled land in Princeton University’s Forrestal Center.  

We are also active investors with multiple ground-up development projects underway in Brooklyn and Long Island City comprising over 1,000 residential units.

Partnerships that Last

Our reputation and experience coupled with our broad network in all facets of the business has allowed us to develop and maintain a significant number of partnerships with many of the industry’s leading lights. We are equally well aligned with under-the-radar investors who trust our disciplined approach and sophisticated knowledge to deliver enduring results. Our laser focus on alignment of interests with this broad array of individual and institutional investors and our commitment to proper disclosure top our valued characteristics.

A Commitment to Our Communities

Engagement with and support for the neighborhoods in which we operate as well as the broader New York City community is a central precept for our firm. Most members of our team are actively involved in civic and community service organizations and our principals sit on or chair the board of several key non-profits including multiple committees of the Real Estate Board of New York, YMREA (former chair), the Union Square BID, the Flatiron 23rd Street BID (founding member), the Garment Center BID, the Regional Plan Association, and the Citizen’s Budget Commission.

Members of our leadership team are also significant contributors to many leading charitable and cultural organizations including the Carnegie Hall Real Estate Council, (founding member), the Lincoln Center Real Estate Council, the Park Avenue Armory, Mount Sinai Hospital, Albert Einstein College of Medicine, New York City Police Foundation, Hillel (national board member) and the University of Vermont.