Osei Rubie and Nadir Rubie of National Standard Abstract have a Family Legacy of Black Caribbean-American Entrepreneurs Who Give Back to Black Communities
NEW YORK, NY — A milestone of $2 Billion in closed real estate transactions has been accomplished by National Standard Abstract (NSA), a Nassau County-based Black family-owned real estate title insurance firm headed by founder and president Osei Rubie and his son and partner Nadir Rubie.
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“Title insurance is the glue in being able to thwart any question marks of ownership. This includes unsatisfied mortgages, liens, judgments or other recorded claims against the property. Claims can arise through easements, use restrictions or other existing covenants, as well as hidden risks like fraud or forgery in previous documents, improperly executed deeds or deaths in the chain of title,” explained Osei. “Title insurance gives the new owner, the buyer, a marketable and clean title so they will be able to sell the property based upon the information at that time.”
National Standard Abstract, founded in 2015, is a New York City and New York State-certified MBE and the New York metro area’s only Black-owned father-son title insurance company that has closed over $2 Billion. The company has extensive title insurance knowledge in residential and commercial real estate transactions that encompass homes, office space, affordable and faith-based housing complexes, amusement parks, hospitals, market-rate developments, and public-private partnerships.
When Black real estate developers and builders in New York and New Jersey seek title insurance for their major multi-million-dollar commercial housing projects, they partner with NSA. The projects have been valued between $24 million to $43 million each in the first year of operation. The range of transaction value has increased to upwards of $300+ million per transaction. In Brooklyn, NSA worked with developers on 461 Alabama Avenue, Ebenezer Plaza, Alafia, Regina Pacis Apartments and CHS. Other projects included: Calvary Baptist Church and Archer Green Apartments in Queens; Mount Hope Preservation Apartments in the Bronx and Balton Commons in Harlem.
“Black developers are at the top of the real estate hierarchy. They are decision-makers who are developing and executing these projects and bringing their visions to life. They are coordinating with various agencies of the government. They are doing affordable housing,” said Osei. “They have a tremendous amount of power to be able to empower people like us.”
Nadir is a third-generation Black entrepreneur. His father, Osei, was raised by his Costa Rican father Bernardo Rubie (whose grandmother was born in Jamaica) and his Jamaican mother Yvonne Rubie, who were serial entrepreneurs. Golden Ribbon Playthings produced and marketed products focusing on African pride from Afrocentric clothing to the award-winning Huggy Bean, America’s top-selling Black character doll.
“I grew up in a family legacy of Black entrepreneurship. I am proud of what my father and I have accomplished by being true to ourselves,” said Nadir. “This $2 billion accomplishment in closed real estate transactions serves New York metropolitan’s predominantly Black communities, organizations, and companies.”
Amoy Chin, Vice President of Closing Operations at National Standard Abstract, has over 25 years of experience in real estate. “Every problem solved brings us one step closer to our mutual goal of transforming communities,” she said.
The Osei Rubie Charitable Fund is the philanthropic arm of NSA. Over $175,000 in grants have been awarded to racial justice organizations specializing in education, youth, entrepreneurship, and community development. “Every deal we close, whether residential or commercial, we put aside monies to empower Black organizations and institutions we know it’s our responsibility as Blacks to ensure that we create empowerment, leadership and positive images as my parents did with Huggy Bean dolls. So, philanthropy wasn’t a long decision process. It was something we knew that we would do.”
Recent donations have included 27 laptops to students at Harlem’s Thurgood Marshall Academy, Jamaica Queens Rosedale Jets football team and cheerleading uniforms, Growing4ward scholarships for the young Black men mentorship program, the Liberian Mural Foundation in Harlem and the establishing the Lincoln University Osei Rubie Endowment Scholarship at Osei’s HBCU alma mater.
Since 2018 Osei & Nadir Rubie of NSA have created empowerment for youth organizations and schools in Jamaica through over $16,000 in donations. The Team Jamaica Bickle Inc donation supports Jamaican athletes at the Penn Relays competition. Donations to Future Leaders of Jamaica supports 25 student scholarships for laptops, uniforms, and tuition. The Edwin Allen High School Alumni Association in Clarendon , Jamaica has empowered over 50 students with tuition assistance. York Castle High School Alumni Association received donations to advance the mission of students at this high school. A donation was given to Immaculate Conception High School Alumni Association in Kingston to support their gala.
“In the United States, there is no tuition for public schools. But in Jamaica students have to actually pay to attend school. So, we want to make sure that we are creating empowerment for those students whether it directly impacts and facilitates their tuition payment or helps student-athletes,” said Osei. “We are honored to allocate and distribute funds to support these great students, great athletes, and these great leaders of tomorrow.”