Professional

Steven Kirschenbaum serves as Chief Operating Officer of Helmsley Spear Capital Advisors, LLC.  Mr. Kirschenbaum’s responsibilities include directing the day-to-day business operations of the company and deal management, as well as new business initiatives. As lead deal manager, Mr. Kirschenbaum directs and coordinates all aspects of a property acquisition including sourcing and negotiating debt and equity, property due diligence  (including developing an operating budget, conducting an income and expense audit, commercial lease review and physical inspection of the premises), overseeing all third party professionals, coordinating the closing of the transaction (including lender and purchaser/seller deliverables), oversight of architecture and construction and the set-up of leasing and building management of each property.

During a 25-year career involving real estate, Mr. Kirschenbaum has overseen and worked with teams of professionals that have purchased and developed over 10 million square feet of Class-A office and residential properties including 2,000 residential units in excess of $4 Billion. Notable accomplishments include directing the conversion from rental to condominium of Sheffield57, New York, NY (a 880,000 square-foot, 845 rental units to 475 luxury condominium units generating over $500 million of sales) and the redevelopment of 25 Broad Street, New York, NY (a 425,000 square-foot, 306 luxury units) as well as the conversion of 63 Wall Street (a 425,000 square foot former office building into 476 Class-A residential units), 67 Wall Street, New York, NY (a 325,000 square foot former office building into 325 Class-A residential units) and 20 Exchange Place, New York, NY (a 800,000 square foot former office building into 500 Class-A residential units).

Prior to moving to the business side, Mr. Kirschenbaum practiced law for over 20 years in all areas of real estate transactions, including real estate acquisition, development, construction, leasing, and finance, as well as debt restructuring, workouts and foreclosures. Mr. Kirschenbaum earned a law degree attending the University of Toledo College of Law and Brooklyn Law School. He earned a Bachelor of Science degree from The Whitman School of Management at Syracuse University.