Ashkenazy Acquisition

Ashkenazy Acquisition portfolio

$220.4 million* – retail 48%, hotel 25%; Manhattan 49%, Queens 38%

279th largest portfolio by dollar value

1,041,331 sqft – retail 66%, hotel 16%;

336th largest by SF

15 properties – Manhattan 66%, Queens 20%

579th largest

7 foreclosures, 0 bankruptcies, 18 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $20.3 million

Seller company: 5 for $289.7 million

Borrower company: 7 for $217.6 million

Top Ten Associated Companies:

Behrooz Hedvat (3), SL Green Realty (2), M&T Bank (2), JSRE Acquisitions (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)

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), Arnold Shulkin (1)

Recent activity as company:

• Ashkenazy Acquisition, 101 Holdings and Wharton Properties sold 21 East 62nd Street, Lenox Hill, Manhattan for $7.4 million to JSRE Acquisitions on October 23, 2024.

• Eddie Gindi, Raymond Gindi and Isaac Gindi sold 961 East 174th Street, East Morrisania, Bronx for $20.3 million to Ashkenazy Acquisition on September 30, 2024.

• Ashkenazy Acquisition borrowed $38.6 million from Mesa West Capital for 242-02 61st Avenue, Little Neck, Queens on August 16, 2024.

• Jesta Group and Ashkenazy Acquisition borrowed $85 million from Citibank for 222 West 77th Street, Upper West Side, Manhattan on July 17, 2024.

• Ashkenazy Acquisition borrowed $57 million from Bank Hapoalim for 92-59 59th Avenue, Elmhurst, Queens on July 12, 2024.

• Ashkenazy Acquisition borrowed $0 from FS Investments for 3860 East Tremont Avenue, Throgs Neck, Bronx on July 03, 2024.

• Ashkenazy Acquisition sold 635-637 Madison Avenue, Lenox Hill, Manhattan for $18.7 million to Series 2014-C24 and JPMBB 2014-C24 MADISON AVENUE on July 01, 2024.

• Ashkenazy Acquisition and Cohen Equities sold 555 West 59th Street, 555 West 59th Street, and 555 West 59th Street, Hell’s Kitchen, Manhattan for $20 million to COMM 2014-CCRE16 on April 23, 2024.

• Ashkenazy Acquisition sold 2067 Broadway, Lincoln Square, Manhattan for $9.9 million to Oren Neria and Hirshmark Capital on January 18, 2024.

• Ashkenazy Acquisition borrowed $6.2 million from M&T Bank for 89-01 Queens Boulevard, Elmhurst, Queens on October 16, 2023.