Ornstein Leyton Company was founded in 1991 by Alec Ornstein and Scott Leyton— bankers, real estate experts and unique visionaries who have taken advantage of prevailing economic environments to locate and maximize the potential of properties in and around the tri-state area, with a primary focus on the New York Metropolitan Area.
Formally trained as bankers, together Ornstein and Leyton have over 50 combined years of experience in real estate, development and finance. They combine the capabilities and know-how of established firms with a dynamic creativity that is the hallmark of the new breed of real estate developers.
Alec Ornstein’s strong background combines finance, real estate, and development. He was Senior Vice President and member of the Board of Directors of Central Federal Savings with assets in excess of $1 billion. During a ten-year span he was involved in general contracting of residential developments and joint venture/equity participation lending by managing the banks wholly-owned service corporations and their development activities. In his executive capacity, he was responsible for commercial real estate lending, residential loan origination, construction lending and “work-outs.”
Anxious to become more involved in the development business, he joined one of Long Island’s largest home building organizations, where he managed the acquisition, finance, construction and marketing of many of the firm’s new residential communities. In addition, he owns numerous commercial properties nationwide.
Ornstein presently resides on Long Island. He is an active member and Past President of NAHB’s Long Island Builders Institute (LIBI), where he serves on the organization’s board of directors. In addition to hobbies that include tennis and sailing, he is also well involved in philanthropic efforts on behalf of the American Jewish Community and within his local synagogue.
Scott Leyton’s background also includes a mix of finance, development and construction. Starting in the construction supply business, he soon joined a large New York City real estate management firm where he ultimately assumed responsibility for the management of more than one million square feet of office space. His additional responsibilities included financing of new acquisitions as well as re-financing portfolio properties. He joined a New York-based bank as Vice President for New York City commercial real estate lending, and in that capacity he originated more than $200 million in performing loans. Subsequently recruited by a nationally renowned financing firm, he structured real estate joint ventures and debt refinancing with numerous insurance companies, pension funds, banks and credit companies.
Having met Alec Ornstein in the financial industry and done business together in the past (and serving as a tennis partner with Alec as well), the two decided to form a partnership for their own real estate venture in 1991, with offices in Garden City, Long Island. Their combined business acumen and an ability to access consistent equity helped the business venture grow quickly and successfully.
Leyton resides in New York City with his wife, son and daughter, and is involved in various city-oriented trade organizations – and a continued avid pursuit of golf.