"In the world’s most liquid and institutionally tested real estate market, value is created through precision sourcing, patient capital, and unmatched local relationships."
— Richard Ohebshalom, Chief Executive Officer
Foundation New YorkFoundation New York serves as the dedicated gateway to the eternal benchmark, reinvented; the deepest, most liquid real estate market on earth, where transparency is merciless, scale is humbling, and reinvention is perpetual.A hundred-year record shows New York has absorbed every crisis and emerged, invariably, repriced upward. This is not sentiment; it is history.Led by Richard Ohebshalom, the platform draws on more than twenty-five years of embedded presence inside it, including senior leadership within the family’s Empire Management (founded 1975 by Fred Ohebshalom and today overseeing more than 2,000 multifamily apartments and over 1 million square feet of commercial space) and the founding of Pink Stone Capital Group, where he has developed and managed a portfolio exceeding $2 billion in assets.The best of New York never reaches daylight. Foundation New York is built on something no amount of capital alone can acquire: 25 years of trust-level relationships with legacy owners, operators, and gatekeepers who determine how the highest-conviction assets actually change hands.What we bring our partners into does not surface through brokers or databases. It surfaces through timing, discretion, and decades of presence on both sides of the transaction.We do not chase New York. We are New York.Connecting discerning global families and institutional investors to curated, high-conviction opportunities across Manhattan and the Tri-State region with institutional-grade sourcing, underwriting, structuring, and execution.
New York, The Global Benchmark
New York City remains the ultimate store of value and liquidity benchmark for international capital, where supply constraints in prime Manhattan corridors, sustained global demand, and proven resilience through every economic cycle create a market of unmatched transparency, institutional sophistication, and enduring appreciation.
The highest-conviction opportunities in New York are not found. They are unlocked. They require relationships with owners who have held for generations and operators who know every lever of a building’s performance. Foundation New York is the intersection of those relationships and the capital sophisticated enough to recognize what they unlock.
The best of New York is never listed. It is offered to those who are already inside.
Foundation New York positions discerning global investors and families in this environment with discipline and discretion; bridging Old-World capital with carefully selected assets that deliver both capital preservation and meaningful long-term appreciation.
Curated Opportunity Types
The platform focuses exclusively on opportunities with clear, executable value-creation paths; sourced with institutional rigor and structured for international standards:
- Multifamily Repositioning: Stabilizing and upgrading well-located rental portfolios at institutional scale for enhanced income and equity growth
- Hospitality Icons & Adaptive Reuse: Value-add plays in high-traffic corridors, including trophy hospitality assets and adaptive reuse opportunities with strong operational leverage
- Trophy Office & Mixed-Use Conversion: Prime office repositioning and mixed-use conversion plays in supply-constrained corridors
- Prime Retail Repositioned: Experiential flagship retail assets reimagined for enduring performance
- Off-Market Recapitalizations & Special Situations: Patient capital deployed into structurally sound but temporarily undercapitalized properties, including structured Israeli institutional co-investments aligned for long-term conviction
Every opportunity reflects twenty-five years of embedded relationships. The best of New York never reaches daylight, and Foundation New York brings global partners into these highest-conviction corners through trust, timing, and decades of presence.
Full-Cycle Execution & Governance
From initial sourcing and underwriting through legal coordination, financing, and transaction close, Foundation New York manages the entire process end-to-end. Clients benefit from Richard Ohebshalom’s established relationships with New York’s leading lenders, attorneys, and operators, combined with governance-first reporting frameworks designed for global families and institutions.
Bridge to the Global Portfolio
For families already building presence through Foundation Israel or exploring Foundation Ukraine, Foundation New York completes the triad, offering complementary exposure to the world’s premier liquid real estate market while maintaining identical standards of privacy, precision, and legacy stewardship.
Leadership & Proven Track Record
Richard Ohebshalom brings unmatched depth to Foundation New York, with a Columbia University Master’s in Construction Administration, Architecture, Planning & Preservation, early leadership in property, asset, and leasing operations within the multi-billion-scale Empire Management family portfolio, and the founding and growth of Pink Stone Capital Group, where he has executed landmark residential and mixed-use developments across Manhattan exceeding $500 million in value. This proven track record ensures every engagement combines institutional discipline, deep local intelligence, and an unwavering focus on long-term, multi-generational outcomes.
Next Step
Foundation New York delivers the discreet, experienced entry point to intelligent ownership in Manhattan’s enduring market.
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Foundation New York delivers disciplined access to New York City’s most resilient real estate opportunities, multifamily repositioning, hospitality/mixed-use assets, recapitalizations, distressed properties, and prime Manhattan acquisitions, with full execution and long-term value creation.