David Heiden
W Financial
(W Financial Fund)
Owner
60 Cutter Mill Rd #601, Great Neck, NY 11021
Alternative Opportunities
W Financial portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$17.8 million – retail 55%, mixed-use 44%; Manhattan 100%, Bronx 0%
1849th largest portfolio by dollar value
16,014 sqft – mixed-use 84%, retail 15%;
4510th largest by SF
5 properties – Manhattan 100%, Bronx 0%
152th largest
7 residential units – Manhattan 100%, Bronx 0%
791th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $6.5 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Empire Equities (1), Spyro Avdoulos (1)
Top Ten Associated People:
Dov Lesches (1), Spyro Avdoulos (1)
Recent activity as signatory:
• Mayer Hirschand Yidel Hirsch borrowed $20 million from Levon Capital for 1055-1065 63rd Street and 291 Kent Avenue, Dyker Heights, Brooklyn on May 03, 2024.
• Spyro Avdoulos borrowed $6.5 million from W Financial for 33-20 55th Street, Woodside, Queens on March 03, 2023.
• W Financial sold 16 Barrow Street, Greenwich Village, Manhattan for $6.4 million to Empire Equities on November 16, 2022.
• HAP Investments borrowed $0 from River Rock Associatesand PILOT Real Estate Group for 247-249 East 117th Street, East Harlem, Manhattan on October 28, 2022.