ABS Partners Real Estate
People:
ABS Partners Real Estate NYC portfolio
$90.5 million* – office 58%, development 23%, industrial 12%; Manhattan 81%, Queens 18%
1321th largest portfolio by dollar value
140,796 sqft – office 82%, industrial 14%, retail 3%;
1589th largest by SF
6 properties – Manhattan 50%, Queens 50%
1284th largest
0 foreclosures, 0 bankruptcies, 5 other court cases.
Company Activity past 24 months:
Borrower company: 1 for $16 million
Developer (new building or major alteration): 1 for 53,305 square feet
Top Ten Associated Companies:
CubeSmart (1), TD Bank (1), 325 Exterior Street Associates LLC (1), Benenson Capital Partners (1), Brickman Associates (1), Cerco Funding (1), Ronnie Stause (1)
Top Ten Associated People:
Jeffrey P. Foster (1), John Stroligo (1), Ronnie Stause (1)
Recent activity as company:
• ABS Partners Real Estate borrowed $16 million from TD Bank for 246 Canal Street, Chinatown, Manhattan on September 28, 2023.
• Brickman Associates sold 10-95 Irving Avenue, Ridgewood, Queens for $12 million to ABS Partners Real Estate on March 31, 2022.
• ABS Partners Real Estate borrowed $23.5 million from Cerco Funding for 695 Lexington Avenue, Midtown East, Manhattan on March 08, 2022.
• Ronnie Stause sold 31-59 Steinway Street, Astoria, Queens for $4.5 million to ABS Partners Real Estate on February 01, 2021.
• ABS Partners Real Estate sold 255 Exterior Street, Mott Haven, Bronx for $9.5 million to CubeSmart on July 20, 2020.
• ABS Partners Real Estate sold 325 Exterior Street, Mott Haven, Bronx for $36 million to 325 Exterior Street Associates LLC on October 28, 2019.
• ABS Partners Real Estate sold 145 East 57 Street, Plaza District, Manhattan for $0 to Benenson Capital Partners on June 27, 2019.
Latest Stories:
• AEW, ABS offer to turn over $42.77M Midtown East ground lease to lender Cerco (December 26, 2023)
• Verizon pays $74.7M to Lightstone Group for industrial in Mott Haven (January 07, 2022)
• ABS Partners Real Estate pays $4.5M for property in Astoria (February 15, 2021)
• Cubesmart pays $9.5M to ABS Partners for ground-leased warehouse in Mott Haven (August 03, 2020)
• Lightstone Group borrows $20M from Banco Inbursa for property in Mott Haven (December 11, 2019)
Court Records:
Properties: