HISTORY
Founded in 1957, Abramson Brothers Incorporated is a full-service real estate investment, management and brokerage firm. All of the company’s properties are centrally located in midtown Manhattan. The firm has operated a number of industry-specific buildings (Diamond and Jewelry, Sportswear and Lingerie).
The company was founded by Manville H. Abramson and Junius P. Abramson, two lawyer brothers. As products of the Great Depression, they incorporated their conservative mindset in the company’s philosophy and grew the business by acquiring multi-tenanted, core midtown Manhattan locations with minimal leverage and managing them with hands on, meticulous attention to the smallest of details.
The company has adhered to its strategy since inception and its properties have consistently generated profits throughout all intervening cycles.
STRATEGY & EXPERTISE
The key components of the success and longevity of Abramson Brothers are prime locations, moderate levels of debt, and active personal involvement in every aspect of the business.
We have followed a philosophy of keeping our buildings rented and listening with an ear close to the ground, finely attuned to the realities of the marketplace.
For over a half century, our track record of creating equity through hard work, management efficiency, intimate knowledge of the micro-dynamics of the marketplace, and attention to detail has served us well. While expenses are watched carefully, the preservation and improvement of the capital plant is a never ending pursuit.
The company negotiates and lawyers its own leases, does its own billing and collections, oversees its construction projects and supervises an ever expanding team of lawyers, accountants, architects and other professionals and consultants.
We are actively seeking acquisitions, but will only do so in a situation where the valuation makes sense and the business plan is achievable. The company intends to make acquisitions using the model of operating well located, multi-tenanted buildings, and creating equity through best-in-class management, rather than financial engineering.
NEW INVESTMENTS
Product Type
Primary – Class B office buildings in Manhattan
Secondary – Multi-family residential (including rental buildings with a portion of rent regulated tenants, as well as unsold coop and condo packages); office buildings along the eastern seaboard, and special situations, where the firm can use its expertise and infrastructure to add value and drive returns.
Investment Horizon
The firm has a long-term outlook and will generally seek opportunities that would benefit from active management and stable ownership. The firm will exit investments at the optimal time, which will vary depending on real estate cycles and the execution of the business plan.
