Gregg Schenker

ABS Partners Real Estate

ABS Partners Real Estate NYC portfolio

$119.1 million -office 58%, development 17%, mixed-use 9%; Manhattan 85%, Queens 14%*

1301th largest portfolio by dollar value

202,710 sqft – office 80%, industrial 9%, mixed-use 7%; Manhattan 69%, Queens 30%

1517th largest by SF

8 properties – Manhattan 62%, Queens 37%

1246th largest

0 foreclosures, 0 bankruptcies, 5 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $9.6 million

Borrower signatory: 1 for $8.5 million

Top Ten Associated Companies:

Cerco Funding (1), Ronnie Stause (1), Brodsky Organization (1), GFP Real Estate (1), Sorgente Group (1), JPMorgan Chase (1), Steven Hornstock (1), Peter Burack (1), Kayden Family (1), TD Bank (1)

Top Ten Associated People:

Ronnie Stause (1), J. Dean Amro (1), Jennifer R. Lewin (1), John Stroligo (1)

Recent activity as signatory:

ABS Partners Real Estate borrowed $8.5 million from JPMorgan Chase for 409 Broadway on December 19, 2025.

• Steven Hornstock, Peter Burack and Kayden Family sold 409 Broadway for $9.6 million to ABS Partners Real Estate on December 19, 2025.

GFP Real Estate, Nathan Silverstein, Gregg Schenker and Sorgente Group sold 185 5 Avenue for $6.7 million to Brodsky Organization, GFP Real Estate and Sorgente Group on October 25, 2023.

ABS Partners Real Estate borrowed $16 million from TD Bank for 250 Canal Street on September 28, 2023.

ABS Partners Real Estate borrowed $23.5 million from Cerco Funding for 136 East 57 Street on March 08, 2022.

Ronnie Stause sold 31-59 Steinway Street for $4.5 million to ABS Partners Real Estate on February 01, 2021.

Latest Stories:

• ABS Partners acquires 76.5% stake valued at $9.6M in Tribeca mixed-use, refis $8.5M (December 31, 2025)

• Cerco Funding acquires $8.6M Midtown East office ground lease after AEW, ABS default (March 07, 2025)

• Brodsky, GFP, Sorgente sign $200M construction loan with Tyko for Flatiron conversion (November 04, 2024)

• Brodsky, GFP, Sorgente plan 39 condo units in Flatiron Building (September 06, 2024)

• AEW, ABS offer to turn over $42.77M Midtown East ground lease to lender Cerco (December 26, 2023)

• Brodsky, Sorgente, GFP, record $47M buyout of former Flatiron Building partners (November 10, 2023)

• ABS Partners Real Estate signs $16M refi with TD Bank for new retail in Chinatown (October 05, 2023)

• Court moves forward with Flatiron Building partition sale (February 28, 2023)

• ABS Partners Real Estate pays $4.5M for property in Astoria (February 15, 2021)

• ABS Partners, Silk & Halpern file plans for $3M rehab of Plaza District office building (July 08, 2020)

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