Ashkenazy Acquisition
Ashkenazy Acquisition portfolio
$220.4 million – retail 48%, hotel 25%; Manhattan 49%, Queens 38%
265th largest portfolio by dollar value
1,041,331 sqft – retail 66%, hotel 16%;
321th largest by SF
15 properties – Manhattan 66%, Queens 20%
142th largest
7 foreclosures, 0 bankruptcies, 18 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $20.3 million
Seller company: 3 for $262.3 million
Borrower company: 6 for $132.6 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Behrooz Hedvat (3), SL Green Realty (2), M&T Bank (2), Valley National Bank (1), Argentic Investment Management (1), Copper Property CTL Pass Through Trust (1), Benefit Street Partners (1), ASG Equities (1), JCPenny (1), anonymous (1)
Top Ten Associated People:
John Burke (1), Joel Schneider (1), Raymond Gindi (1), Leanne Lispi (1), Sarah Haley (1), Erick Vallely (1), Matthew Gutauskas (1), Michael Razman (1), Ronnie Gul (1), Judy Barnes (1)
Latest Stories:
• Jeff Sutton of Wharton Properties pays SL Green $34M for 690 Madison (December 11, 2024)
• Ashkenazy buys out Gindi partners’ 49.9% stake at retail in East Morrisania (October 01, 2024)
• Ashkenazy signs $38.6M loan modification for retail in Little Neck (August 19, 2024)
• Ashkenazy Acquisition ups debt to $57M from $31M at Queens Center Mall (July 15, 2024)
• Oren Neria pays $9.9M for foreclosed Ashkenazy retail in Lincoln Square (January 19, 2024)
• Raymond Chan, Robert Huang, Moon Free Lee pay $21.5M to Argentic in Chelsea (January 05, 2024)
• Ashkenazy Acquisition signs $6.2M refi for mixed-use in Elmhurst (October 18, 2023)
Litigation: