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.


220-Central-Park-South copy
09/19/16
Comedian Lewis Black once described New York as the “loudest city on the planet Earth,” saying: “They literally have guys come with jackhammers and they drill...

Hidrock_Pavilion ft
09/07/16
UPDATED, Sep. 8, 5:15 p.m.: That’s a wrap on condos at the Pavilion cinema in Park Slope. An investor group bought the building at 188...

Untitled-1
09/06/16
...who grew up in Gravesend and cut his teeth at Hidrock Realty, has made a number of splashy acquisitions of late, including...

effy_012
08/29/16
...contract to acquire a 12-story Garment District office building from Hidrock Realty for north of $50 million, or roughly $650 per square foot, sources...

270-Richards-Street feature
07/11/16
Most of the city’s large-scale real estate developments formally proposed in June were massive office projects, the biggest being Tishman Speyer’s nearly 1 million-square-foot project...

RPW NYC
06/28/16
Mere weeks after entering contract to buy Aby Rosen’s 275 Madison Avenue, RPW Group has placed its sole New York City asset on the market....

Abraham Hidary
06/10/16
Hidrock Properties is planning a new 161-room hotel on a Midtown assemblage it acquired for $47 million, according to property records filed with the city...

Morry-Kalimian-Morris-Moinian-FB
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...

PS Historic District ft
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...

494 14th Street Park Slope ft
02/05/16
...Park Slope, next to the Pavilion Theater (inset: Abraham Hidary) Hidrock Realty’s planned condo conversion of the Pavilion Theater in Park...

Pavilion Theater Abraham Hidary thumb
10/23/15
...Theater conversion The Landmarks Preservation Commission approved new plans for Hidrock Realty...

Pavilion Theater ft
10/19/15
...Revised renderings of the Pavilion Theater condo conversion (credit: Hidrock Realty) Hidrock Realty is scaling back plans for its condo conversion...

ChaimMiller
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...

Hidrock_Pavilion ft
08/19/15
...conversion (credit: Morris Adjmi Architects) The Landmarks Preservation Commission sent Hidrock Realty’s proposed condo conversion of the Pavilion Theater in Park...

pavilion theater - 3
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...

Mitchell
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...

top-permits-thumb
05/14/15
...West in Park Slope 188 Prospect Park West, Brooklyn Herald Square-based Hidrock Realty applied for a permit to convert the Pavilion, an iconic...

pavilion-thumb
04/23/15
...left: The Pavilion Theater in Park Slope, Brad Lander and Hidrock Realty...

Pavilion
04/22/15
...Hidrock Realty...

Courtyard Marriott
04/02/15
...Sixth Avenue in Herald Square (inset: Steven Hidary) Hidrock Realty has sold its controlling interest in a 16-story Courtyard by...

146 10th avenueFB
03/09/15
...and (from top) Steven Hidary, Ivan Hakimian and Kevin Esh Hidrock Realty has paid $35.5 million for a trio of West Chelsea walk-ups...

20140916_sofitel_feature
09/17/14
The Sofitel hotel in Midtown is being sold to an Asian real estate investor for $272 million. A partnership composed of Accor Group, Goldman Sachs...

hidrock-1
07/30/14
...there: a SpringHill Suites by Marriott in Midtown for $82 million. Hidrock Realty sold the 173-room, Gene Kaufman-designed property at 25 West 37th Street...

20140717_240_West_35th_feature
07/17/14
...million for 240 West 35th Street, Crain's reported. The seller is Hidrock Realty, which purchased the 161,588-square-foot office building, located between Seventh and...

hidary
07/14/14
...East 47th Street and Abraham Hidary Hidrock Realty acquired three Midtown East sites for $47 million. The firm plans...
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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 Office Leasing
  • Address 10 West 33rd Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,603
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Ten West Thirty Third Associates
  • Party 1 Brokerage Adams & Company
  • Party 1 Broker David Levy
  • Party 2 Townley
  • Party 2 Brokerage Hidrock Realty
notes
The accessories and cosmetics company signed a lease on the 4th floor.
  • Event Retail leasing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,195
notes
[EMPTY]
  • Event Sales
  • Address 960 Sixth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 102,000
  • Price $ 10,000,000
  • Price per foot $ 98.04
  • Publication Date 04/02/2015
  • Event Date 02/21/2015
  • Party 1 Hidrock Realty
notes
[EMPTY]
  • Event Sales
  • Address 146-150 10th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 25,875
  • Price $ 35,500,000
  • Price per foot $ 1,371.98
  • 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
[EMPTY]
  • 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 Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,375
  • Publication Date 01/04/1900
  • Event Date 01/02/1900
  • Party 1 3536 Associates LLC
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 SBH Fashion
  • Party 2 Brokerage Adams & Co.
  • Party 2 Broker Jeff Buslik, B. Harvey
notes
The staffing agency signed an eight-year lease. The reported asking rent was $39 per square foot.
  • Event Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,430
notes
The beauty products company signed a seven-year lease. The reported asking rent was $39 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
  • Price per foot $ 1,639.82
  • 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 Sales
  • Address 59-61 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 28,500,000
  • Publication Date 02/01/2013
  • Event Date 12/18/2012
  • Party 2 Hidrock Realty
notes
[EMPTY]
  • Event Office Leasing
  • Address 240 West 35th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 5,320
notes
The HVAC solutions company signed a lease for the entire top floor.
  • Event Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,170
  • Publication Date 01/10/1900
  • Event Date 01/08/1900
  • Party 1 3536 Associates LLC
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 Born Fly
  • Party 2 Brokerage Benchmark Properties
  • Party 2 Broker Michael Beyda, Francisco Rodriguez
notes
The apparel company signed a lease on the third floor.
  • Event Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,400
  • Publication Date 01/10/1900
  • Event Date 01/08/1900
  • Party 1 3536 Associates LLC
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 Staple Design
  • Party 2 Brokerage Benchmark Properties
  • Party 2 Broker Michael Beyda, Francisco Rodriguez
notes
The apparel brand signed a lease on the seventh 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 $ 4,567.03
notes
The property sold for $27.9 million, or $182 per square foot.
  • 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 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 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 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
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 2,440
notes
The apparel company signed a five-year lease. The reported asking rent was $34 per square foot.
  • Event Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 5,860
  • Publication Date 11/01/2011
  • Event Date 09/17/2011
  • Party 1 3536 Associates LLC
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 React2Media
  • Party 2 Brokerage Nichols Kane Realty
  • Party 2 Broker Marilyn Kane
notes
The marketing agency signed a seven-year lease. The reported asking rent was $34 per square foot.
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