Jeff Winick files for personal bankruptcy

Longstanding top retail broker owes nearly $10M in taxes

New York /
Sep.September 14, 2020 11:50 AM
Winick Realty Group CEO Jeff Winick

Winick Realty Group CEO Jeff Winick

Jeff Winick, the CEO and founder of Winick Realty Group and one of New York’s top retail brokers, has filed for personal bankruptcy.

In Chapter 7 bankruptcy filings recorded Aug. 27, Winick claims to have $530,000 in assets and $9.7 million in back taxes and fines owed to the Internal Revenue Service and the New York State Department of Taxation and Finance. He declared $122,800 in monthly income.

Over his career, Winick has brokered over 1 million square feet of retail leases in New York, representing tenants such as Duane Reade, AT&T and Starbucks as well as major landlords like the Durst Organization. His 50-agent firm has leased more than 15 million square feet over the past 30 years, regularly featuring in The Real Deal’s ranking of top retail brokerages. Winick also became a prominent figure on the real estate party circuit, hosting annual poolside extravaganzas during ICSC Las Vegas that attracted retail real estate’s biggest movers and shakers.

PincusCo first reported the bankruptcy filing. In 2018, Winick landed on the state’s list of the 250 biggest tax debtors, with the state claiming he owed $1.2 million.

Property that Winick claims as exempt from his bankruptcy include two Rolex Watches, which he claims are worth a combined $5,000, and furniture worth $10,000. The filings also state that he has nothing in retirement savings.

He leases a unit at the luxury River Tower, located at 420 East 54th Street.








      Related Articles

      arrow_forward_ios
      Estate Partners' David Aviram, FIA Capital Partners' David Goldwasser and Steve Croman (LinkedIn, Google Maps, Getty)
      Steve Croman: I was duped by predatory lender
      Steve Croman: I was duped by predatory lender
      Holiday Inn at 99 Washington Street (Google Maps, Getty)
      Facing foreclosure, world’s tallest Holiday Inn files for bankruptcy
      Facing foreclosure, world’s tallest Holiday Inn files for bankruptcy
      Attorney General Letitia James with 198 Scholes Street, 11 Gunther Place, 506 Dekalb Avenue and 65 Kent Avenue (Illustration by THe Real Deal with Getty, Google Maps)
      Yoel Goldman’s All Year Management investigated by NY attorney general
      Yoel Goldman’s All Year Management investigated by NY attorney general
      350 East 52nd Street (Google Maps)
      Landlord seeks $10M from mom over rent overcharge claims
      Landlord seeks $10M from mom over rent overcharge claims
      Madison Realty's Josh Zegen with plans for 159 Broadway (LinkedIn, Rosewood Realty Group, The Corbin Group)
      Madison Realty to take control of Isaac Hager’s Williamsburg hotel project
      Madison Realty to take control of Isaac Hager’s Williamsburg hotel project
      Quintin Primo, Joel Schreiber and Broadway Trade Center (Linkedin, Getty, OMGIVING)
      Quintin Primo’s deal to buy the Broadway Trade Center is dead
      Quintin Primo’s deal to buy the Broadway Trade Center is dead
      Former Sears chairman Eddie Lampert (Getty)
      Sears crawls out of bankruptcy in tatters
      Sears crawls out of bankruptcy in tatters
      Miles Kwok with 781 Fifth Avenue (
      Trustee alleges “shell game” over Chinese exile’s UES penthouse
      Trustee alleges “shell game” over Chinese exile’s UES penthouse
      arrow_forward_ios

      The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

      Loading...