Hidrock Properties

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Hidrock Properties portfolio

$18.6 million* – condo 50%, elevator 30%; Manhattan 50%, Brooklyn 49%

1833th largest portfolio by dollar value

85,597 sqft – elevator 49%, condo 37%;

2127th largest by SF

5 properties – Brooklyn 60%, Manhattan 40%

1556th largest

52 residential units – Brooklyn 80%, Manhattan 19%

2134th largest by residential units

2 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Seller company: 12 for $98.2 million

Top Ten Associated People:

In Yeol Kim (2), Shlomo Avdoo (2), Kunal Agarwal (2), Mark Winter-Gitelson (2), Lev Haimoff (1), Kevin Tsao (1), James Jung (1), Yeol Kim (1), Avi Lieberman (1), Carlos Carvajal (1)

Recent activity as company:

Hidrock Properties sold 112 Liberty Street, Financial District, Manhattan for $21.7 million to Hiwin Group USA on April 08, 2024.

Hidrock Properties sold 192 Prospect Park West, South Slope, Brooklyn for $7 million to Yuval Jacob on March 28, 2024.

Hidrock Properties sold 35 West 36th St and 35 West 36th St, Garment District, Manhattan for $4 million to Don Choi on October 23, 2023.

Hidrock Properties sold 12 East 48th Street, Midtown East, Manhattan for $2.1 million to Eduard Kandinov on September 14, 2023.

Hidrock Properties sold 110 Boerum Place and 96 Boerum Place, Boerum Hill, Brooklyn for $20.1 million to Avdoo & Partners Development on July 31, 2023.

Hidrock Properties sold 148 10th Avenue, 146 10th Avenue, and 150 10th Avenue, Chelsea, Manhattan for $26.9 million to Benchmark Real Estate Group on July 05, 2023.

Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $2.1 million to A to Z Media on June 28, 2023.

Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $4.1 million to Formosa Asset Group on June 15, 2023.

Hidrock Properties sold 35 West 36th St and 35 West 36th St, Garment District, Manhattan for $5.5 million to Elite Group International NY on May 24, 2023.

Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $2.1 million to Lotus Design International on April 21, 2023.

Latest Stories:

• Hiwin Group USA pays $21.7M to Hidrock for FiDi dev site, purchased for $38.5M in 2018 (April 09, 2024)

• Yuval Jacob pays $7M to Hidrock Properties for retail in South Slope (March 29, 2024)

• $39M FiDi foreclosure auction set for this month (January 11, 2024)

• Avdoo & Partners pays $20.1M to Hidrock for retail in Boerum Hill (August 01, 2023)

• Benchmark pays Hidrock $26.9M for 3 Chelsea walkups (July 06, 2023)

• Emerald Creek alleges $23.5M Hidrock FiDi loan in maturity default (June 29, 2023)

• Formosa Asset Group pays $4.1M to Hidrock for office condo in Garment District (June 16, 2023)

• Elite Group pays $5.5M to Hidrock for two retail condos in Garment District (May 25, 2023)

• Elite Group International NY affiliate pays $2.7M to Hidrock Properties for two office condos in Garment District (April 13, 2023)

• Avdoo & Partners in contract to buy fire-damaged Boerum Hill site from Hidrock (February 28, 2023)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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