Hidrock Properties
People:
Hidrock Properties portfolio
$18.6 million – condo 50%, elevator 30%; Manhattan 50%, Brooklyn 49%
1802th largest portfolio by dollar value
85,597 sqft – elevator 49%, condo 37%;
2098th largest by SF
5 properties – Brooklyn 60%, Manhattan 40%
152th largest
52 residential units – Brooklyn 80%, Manhattan 19%
746th largest by residential units
2 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 12 for $98.2 million
Borrower company: 0 for $0
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Elite Group International NY (2), Avdoo & Partners Development (2), Lotus Design International (2), Cofinance Group (2), Piermont Bank (1), Lev Haimoff (1), Lazard Asset Management (1), RedSky Capital (1), James Jung (1), Yeol Kim (1)
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)
Latest Stories:
• Yuval Jacob pays $7M to Hidrock Properties for retail in South Slope (March 29, 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)
• Avdoo & Partners in contract to buy fire-damaged Boerum Hill site from Hidrock (February 28, 2023)
• Yeol Kim pays $4.9M to Hidrock Properties for two properties in Garment District (March 11, 2022)
Litigation: