Hidrock Realty | The Real Deal New York

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Hidrock Realty

65 West 36th Street, Suite 1200
New York, NY 10018
(212) 563-9200
Website
info@hidrock.com
Hidrock Realty
Hidrock Realty is a privately held commercial real estate developer. Founded by Jack Hidary in the 1970s, Hidrock has bought or built more than $1.5 billion worth of property, including hotel, office, retail, and residential. Most of the firm’s recent activity has been in New York City, and a good deal of its acquisitions involve conversions or redevelopment. In many cases, Hidrock purchases Class-C office buildings and then looks to upgrade them into Class-B or better. Hidrock also plans to convert the Pavilion Theater in Park Slope, which it purchased in 2006, into an apartment building. Many of Hidrock’s holdings are hotels, ever since it first broke ground on its first hotel in Midtown. In 2012 it partnered with Robert Finvarb Companies to develop a hotel in the Financial District, and the following year it was one of the developers to build or redevelop several hotels in or around Herald Square.
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05/10/16
Morris Moinian and his investment partner were the winning bidders at a bankruptcy auction for a Lower East Side hotel development site, and will pay...
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04/01/16
In a move likely to annoy those in the real estate community who aren’t too fond of the city’s landmarking process, the Landmarks Preservation Commission...
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02/05/16
Hidrock Realty’s planned condo conversion of the Pavilion Theater in Park Slope continues to face new hurdles, with a neighboring resident claiming the project encroaches on...
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10/23/15
The Landmarks Preservation Commission approved new plans for Hidrock Realty’s condo conversion at the Pavilion Theater in Park Slope. Architect Morris Adjmi’s new plans will...
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10/19/15
Hidrock Realty is scaling back plans for its condo conversion of Park Slope’s historic Pavilion Theater after receiving negative community feedback, with the developer now...
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10/13/15
TRD Profile:In July, Chaim Miller and his sidekick Sam Sprei attended a bankruptcy hearing in Lower Manhattan. At issue was 45 John Street, a condominium...
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08/19/15
The Landmarks Preservation Commission sent Hidrock Realty’s proposed condo conversion of the Pavilion Theater in Park Slope back to the drawing board Tuesday, citing issues...
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07/24/15
At a Community Board 6 landmarks and land use committee meeting last night, Park Slope and Windsor Terrace residents tore apart proposed designs for a...
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06/30/15
David Mitchell’s Mitchell Holdings picked up the Herald Square Hotel from the Puchall family for roughly $38.5 million, sources told The Real Deal. The eight-story, 38,000-square-foot...
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05/14/15
Clockwise from left: A permit of 810 Colgate Avenue in the Bronx (Credit: Gerald Caliendo) , 456 Greenwich Avenue in the West Village (Credit:...
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04/23/15
Hidrock Realty’s decision to move ahead with turning the famed Pavilion Theater in Park Slope into a residential building, despite assurances that it would not...
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04/22/15
UPDATED 7:45 p.m., April 22: The Pavilion Theater in Park Slope is going residential. Tags: hidrock realty, Park Slope ...
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04/02/15
Hidrock Realty has sold its controlling interest in a 16-story Courtyard by Marriott hotel in Herald Square in a deal that values the property at...
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03/09/15
Hidrock Realty has paid $35.5 million for a trio of West Chelsea walk-ups that have been around since the neighborhood was teeming with “tall ships...
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09/17/14
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07/30/14
Hong Kong-based Keck Seng Investments, which largely owns hotels and office buildings, broke into the New York City market with its first acquisition there: a...
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07/17/14
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07/14/14
Hidrock Realty acquired three Midtown East sites for $47 million. The firm plans to raze the buildings currently on the properties and construct a condominium building....
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03/28/14
Rendering of 446 West 167th Street Hidrock Realty files plans for 42-story hotel at 60 West 37th Street. Would-be owner of Atlantic Hawks buys $11...
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10/29/13
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10/22/13
Hidrock Realty reeled in more than quadruple what it paid for a 12-story office building in the Garment District. The landlord, owned by the Hidary...
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10/05/13
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07/16/13
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07/12/13
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Hidrock Realty, CEO
65 West 36th Street, New York, NY, 212.563.9200
Abraham Hidary heads the privately held real estate investment and development firm that...
  • Event Retail leasing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,195
notes
The apparel and furnishings retailer signed a 10-year lease.
  • Event Sales
  • Address 960 Sixth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 102,000
  • Price $ 10,000,000
  • Publication Date 04/02/2015
  • Event Date 02/21/2015
  • Party 1 Hidrock Realty
notes
The mixed-use building sold for $10 million.
  • Event Sales
  • Address 146-150 10th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 25,875
  • Price $ 35,500,000
  • Publication Date 04/01/2015
  • Event Date 02/20/2015
  • Party 1 Lyclear Realty Corporation
  • Party 1 Brokerage HPNY
  • Party 2 Hidrock Realty
  • Party 2 Brokerage HPNY
notes
The three mixed-use buildings sold for $35.5 million.
  • Event Retail Leasing
  • Address 512 Broome Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 2,100
  • Publication Date 12/01/2013
  • Event Date 10/22/2013
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Steven Hidary
  • Party 2 Artopolis
  • Party 2 Brokerage Pan Brothers Associates
  • Party 2 Broker Yancy Foster
notes
The Greek bakery signed a 10-year lease.
  • Event Office Leasing
  • Address 1375 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 15,439
notes
The cosmetics company signed a lease on the eighth floor.
  • Event Sales
  • Address 512 Broome Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 2,800,000
notes
The property sold for $2.8 million as part of a 1031 Exchange.
  • Event Retail Leasing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,985
  • Publication Date 04/01/2013
  • Event Date 02/20/2013
  • Party 1 3536 Associates
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Steven Hidary
  • Party 2 Kings Thai Boxing
  • Party 2 Brokerage City Realty Services
  • Party 2 Broker Dominique Alexander
notes
The boxing gym signed a 10-year lease. The reported asking rent was $65 per square foot.
  • Event Sales
  • Building Name 59-61 West 36th Street
  • Address 59 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 17,380
  • Price $ 28,500,000
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 2 Hidrock Realty
notes
The garage sold for $28.5 million, the New York Observer reported. The site allows for 86,900 square feet of usable space.
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 5,320
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Hidrock Realty, Meritage Properties
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 Carrier Northeast
  • Party 2 Brokerage CBRE
  • Party 2 Broker Jason Frazier
notes
The HVAC solutions company signed a lease for the entire top floor.
  • Event Financing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 79,200
  • Price $ 16,100,000
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Hidrock Realty
  • Party 2 Assurant
notes
A $16.1 million loan was provided to refinance the building. The mortgage was provided at a 3.89 percent interest rate. 12-story office building.
  • Event Sales
  • Building Name 133-135 Greenwich Street
  • Address 133 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 6,109
  • Price $ 27,900,000
  • Price per foot $ 182.00
notes
The property sold for $27.9 million, or $182 per square foot.
  • Event Sales
  • Building Name 133-135 Greenwich Street
  • Address 133 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 6,160
  • Price $ 27,900,000
  • Price per foot $ 182.00
notes
The vacant lot sold for $27.9 million, or $182 per square foot. The partners plan to spend an additional $70 million to develop a 28-floor, 300-room hotel on the site, which is slated to open in early 2015.
  • Event Financing
  • Address 53 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 78,426
  • Price $ 22,500,000
  • Publication Date 05/01/2012
  • Event Date 03/22/2012
  • Party 1 Hidrock Realty
  • Party 2 Allstate Investments
notes
A $22.5 million loan was provided to refinance the property. The five-year mortgage was secured with a 30-year amortization at an interest rate of 3.98 percent. 12-story office building.
  • Event Retail Leasing
  • Address 53 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 8,400
notes
The owners of the Keg Room signed a 20-year lease for another Irish pub, the New York Post reported. The asking rent was $70 per square foot, according to the Post.
  • Event Financing
  • Address 960 Sixth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
notes
A $36 million construction loan was provided to convert the building into a hotel. The planned Courtyard Marriott will include 167 rooms, a rooftop bar and retail, and should be completed by October 2012. Hotel building.
  • Event Financing
  • Address 25 West 37th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Publication Date 01/01/2012
  • Event Date 11/22/2011
  • Party 1 Hidrock Realty, Robert Finvarb Partners
  • Party 2 Bank of Nova Scotia
notes
A $30 million construction loan was provided to develop a hotel. The Springhill Suite hotel will have 173 rooms and is slated for completion in October 2013. Development site
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 10,100
notes
The newspaper signed a five-year lease.
  • Event Retail Leasing
  • Address 960 Sixth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 10,000
notes
The Florida-based bank signed a long-term lease for multilevel space.
  • Event Office Leasing
  • Building Name Fashion Accessories Center
  • Address 10 West 33rd Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,527
  • Price per foot $ 36.00
  • Publication Date 06/01/2011
  • Event Date 04/22/2011
  • Party 1 Ten West Third Third Associates
  • Party 1 Brokerage Adams & Company
  • Party 1 Broker David Levy
  • Party 2 SA & E International Bag & Accessories
  • Party 2 Brokerage Hidrock Realty
notes
The baggage manufacturer signed an eight-year lease.
  • Event Office Leasing
  • Building Name Fashion Accessories Center
  • Address 10 West 33rd Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 7,264
  • Price per foot $ 36.00
notes
The manufacturer of backpacks and luggage signed a seven-year lease.
  • Event Office Leasing
  • Building Name Fashion Accessories Center
  • Address 10 West 33rd Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 22,864
  • Price per foot $ 36.00
notes
The hosiery and accessories company signed a 13-year lease on the entire third and fourth floors.
  • Event Sales
  • Address 29 East 61st Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 21,000,000
  • Price per foot $ 1,250.00
notes
The restaurant building sold for $21 million, or $1,250 per square foot.
  • Event Office Leasing
  • Address 67 Irving Place
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Square feet 4,000
  • Price per foot $ 30.00
  • Publication Date 07/10/2010
  • Event Date 05/31/2010
  • Party 1 Puble N.V.
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker George Constantin
  • Party 2 Atmananda Yoga Sequence
  • Party 2 Brokerage In-house
notes
The yoga studio signed a five-year lease for a full floor.
  • Event Office Leasing
  • Address 67 Irving Place
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Square feet 3,680
  • Price per foot $ 136,000.00
  • Publication Date 05/01/2010
  • Event Date 03/22/2010
  • Party 1 Puble N.V.
  • Party 1 Brokerage Hidrock Realty
  • Party 2 Ross-Ellis USA
notes
The product packaging company renewed its lease on the entire ninth floor for five years. The reported annual rent was
  • Event Office Leasing
  • Address 67 Irving Place
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Square feet 3,680
  • Price per foot $ 150,000.00
  • Publication Date 05/01/2010
  • Event Date 03/22/2010
  • Party 1 Puble N.V.
  • Party 1 Brokerage Hidrock Realty
  • Party 2 Falconwood Corporation
notes
The financial planning consulting company renewed its lease for the entire 12th floor for five years. The reported annual rent was
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