Ashkenazy Acquisition | The Real Deal New York

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Ashkenazy Acquisition

150 East 58th Street, 39th Floor
New York, NY 10155
(212) 213-4444
Website
info@aacrealty.com

Ashkenazy Acquisition is a New York City-based firm that invests in retail and office real estate. Its portfolio, which the company values at $7 billion, includes the nine-story retail condominium at 660 Madison Avenue, occupied by luxury department store Barneys New York. Ben Ashkenazy founded his namesake firm in 1987 and is now its chief executive and chairman. Ashkenazy Acquisition has long-term leases in Union Station in Washington and the Faneuil Hall Marketplace in Boston, as well as property in Canada and England, with over 100 buildings in total. A third of Ashkenazy's portfolio is located in the New York metro area. The firm also owns franchise rights in the tri­state area for IHOP (International House of Pancakes), the breakfast foods restaurant chain. Ashkenazy Acquisition does 7 to 12 acquisitions a year, about half of them with various joint-venture partners.


11/14/17
...percent stake in the Plaza to Ben Ashkenazy's Ashkenazy Acquisition Corporation. Terms of the deal give Ashkenazy the right of first refusal to buy...

11/06/17
...again. And this time, Ashkenazy’s namesake firm, Ashkenazy Acquisition Corporation, is positioned to play a significant role in determining what happens to it...

11/01/17
...York real estate players. We also look at Ashkenazy Acquisition Corporation's recent stake purchase at the Plaza Hotel. We examine the challenged luxury condominium...

09/18/17
...at 12 East 88th Street , a $92 million loan for Ashkenazy Acquisition...

08/22/17
...In May, the New York Post reported that Ashkenazy Acquisition Corporation teamed up with the prince to buy out Sahara Group head Subrata Roy...

08/09/17
Did the Plaza Hotel turn a blind eye to rampant sexual harassment among its employees? Six former and current workers filed a lawsuit against the...

07/10/17
From the July issue: Since opening in 1907, the Plaza Hotel has served as the backdrop for movies, books and high-profile parties. In 1964, when a...

06/09/17
Many in New York real estate don’t recognize the name Sarah Korein. But those who do remember a woman cut from the same cloth as...

05/31/17
The city has filed suit against developer Forest City Ratner over the terms of a ground lease for an entertainment complex the developer operates on...

05/31/17
...Ben Ashkenazy and 690 Madison Avenue Ashkenazy Acquisition is looking to sell the Madison Avenue home of Hermes, which it bought in...

05/25/17
...From left: The Plaza Hotel, Ashkenazy Acquisition...

05/22/17
...bought two retail units at 415 Greenwich Street from Ashkenazy Acquisition Corporation for $11.5 million. The two units are on the ground-floor of the eight-story condominium...

03/31/17
...Ben Ashkenazy and 522 Fifth Avenue Ashkenazy Acquisition Corporation and DekaBank are looking to sell the newly redeveloped retail space at the...

01/03/17
...ground lease on Madison Avenue, that means landowner Ashkenazy Acquisition Corp. could technically jack up the $5 million annual rent by tens of millions of...

10/04/16
...it sold the Beverly Connection shopping center to Ashkenazy Acquisition Corp. for $260 million, or $744 a square foot, in 2014. It sold L.A. Mart at...

09/30/16
...New York Marriott East Side on Lexington Avenue Ashkenazy Acquisition and Deka Immobilien put the New York Marriott East Side hotel on the market...

08/08/16
...may be getting yet another hotel. Ben Ashkenazy's Ashkenazy Acquisition Corporation has plans to develop a site on Eighth Avenue that could include a...

07/13/16
...Diar. In other Bank of the Ozarks deals, Ashkenazy Acquisition Corp. secured $92 million for its purchase the Nylo hotel   and Sam Chang pulled off...

07/11/16
...on the deal. Vornado  purchased the property from Ashkenazy Acquisition Corp. in 2004 for $26.5 million, records show. Valley National Bank financed Blumenfeld's deal with a...

07/11/16
...paid $285 million for the 200,000-square-foot office property in 2010. Ashkenazy Acquisition has owned the 275,000-square-foot retail condo since 2001. Barneys signed a 71,000-square-foot lease renewal and...

07/05/16
...acquisition loan from the Bank of the Ozarks. Ashkenazy Acquisition Corp. landed the $92.3 million loan from the Arkansas-based bank for its purchase of the...

06/28/16
...Hotel at 2178 Broadway on the Upper West Side Ashkenazy Acquisition Corp. picked up the Nylo New York City Hotel on the Upper West Side...

05/26/16
...Ben Ashkenazy and Eduardo Elzstain Ashkenazy Acquisition Corporation made a bid for a controlling stake in Clal Insurance Enterprises Holdings, the...

05/23/16
...or children doing more and more shopping online. Ashkenazy Acquisition, for one, was finding deals by patiently looking at complex situations "with hair," said...

04/04/16
Editor’s note: A previous version of this story misattributed the source of the information used. The data for this story came from the Offshore Leaks...
Ashkenazy Acquisition, President and Vice Chairman
150 East 58th Street, New York, NY, (212) 213-4444
Michael Alpert is the president and vice chairman of Ashkenazy Acquisition, a New...
Ashkenazy Acquisition
150 East 58th Street, New York, NY, (212) 213-4444
...
Ashkenazy Acquisition
150 East 58th Street, New York, NY, (212) 213-4444
Daniel Levy is a partner at Ashkenazy Acquisition, a New York City-based firm...
Ashkenazy Acquisition, CEO
150 East 58th Street, New York, NY, (212) 213-4444 x236
Ben Ashkenazy is the chief executive, chairman, and founder of Ashkenazy Acquisition, a...
  • Event Retail Leasing
  • Address 1311 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 785
notes
The apparel company signed a lease.
  • Event Retail Leasing
  • Address 1325 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 940
notes
The athletic apparel company signed a lease.
  • Event Financing
  • Address 690 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 6,600
  • Price $ 72,000,000
notes
The company secured a $72 million loan.
  • Event Sales
  • Address 2178 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 140,000,000
notes
The hotel sold for $140 million or $500,000 per key.
  • Event Financing
  • Address 2178 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 92,300,000
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Ashkenazy Acquisition
  • Party 2 Bank of the Ozarks
notes
The company secured a $92.3 million loan.
  • Event Retail Leasing
  • Address 609 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,723
notes
The Filipino fast food restaurant signed a 10-year lease.
  • Event Retail Leasing
  • Address 949 Southern Boulevard
  • Neighborhood Foxhurst
  • Borough Bronx
  • Square feet 2,500
notes
The furniture store signed a 10-year lease.
  • Event Retail Leasing
  • Address 609 Eighth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,957
notes
The fast food chain signed a lease.
  • Event Retail Leasing
  • Address 156 Delancey Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 650
notes
The cell phone retailer signed a lease.
  • Event Retail Leasing
  • Address 656 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 9,987
  • Price per foot $ 225.00
notes
The restaurant signed a 12-year lease.
  • Event Retail leasing
  • Address 961 East 174th Street
  • Neighborhood Crotona Park
  • Borough Bronx
  • Square feet 2,723
notes
The tenant signed a 20-year lease at the Pathmark-anchored shopping center.
  • Event Sales
  • Address 3860 East Tremont Avenue
  • Neighborhood Throgs Neck
  • Borough Bronx
  • Square feet 38,618
  • Price $ 5,100,000
  • Price per foot $ 132.06
notes
The retail building sold for $5.1 million.
  • Event Sales
  • Address 1400 Fifth Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 12,500,000
  • Event Sales
  • Address 1400-1416 Fifth Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Price $ 12,500,000
  • Event Sales
  • Address 285 Lafayette Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 30,000
  • Price $ 40,000,000
  • Price per foot $ 1,333.33
notes
Three floors of the nine-story retail building sold for $40 million.
  • Event Sales
  • Address 601-607, 609-611 Eighth Avenue
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 40,000,000
  • Event Sales
  • Address 522 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 170,000,000
  • Event Sales
  • Building Name 1424-1428 Lexington Avenue
  • Address 1428 Lexington Avenue
  • Neighborhood Carnegie Hill
  • Borough Manhattan
  • Square feet 13,520
  • Price $ 12,600,000
  • Price per foot $ 931.95
notes
The property sold for $12.6 million. The building includes an additional 13,881 square feet of unused development rights. 13,520 sf mixed-use bldg
  • Event Sales
  • Building Name 1311-1337 Lexington Avenue
  • Address 1337 Lexington Avenue
  • Neighborhood Carnegie Hill
  • Borough Manhattan
  • Square feet 5,400
  • Price $ 17,000,000
  • Price per foot $ 3,148.15
notes
The retail condo sold for $17 million. 5,400 sf retail condo
  • Event Sales
  • Address 670 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,920
  • Price $ 22,500,000
  • Price per foot $ 3,800.68
notes
The property sold for $22.5 million. 5,920 sf retail bldg
  • Event Sales
  • Address 1311-1337 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 17,000,000
  • Event Sales
  • Address 711 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 48,000,000
notes
The property sold for $48 million.
  • Event Sales
  • Address 1991 Broadway
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Price $ 22,000,000
  • Publication Date 02/01/2014
  • Event Date 12/23/2013
  • Party 1 Stan Johnson Company
  • Party 2 Ashkenazy Acquisitions
notes
The property sold for $22 million.
  • Event Sales
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 563,000
  • Price $ 400,000,000
  • Price per foot $ 710.48
notes
The ground lessor's position at the building sold for $400 million. The price represents a going-in yield of 1.15 percent based on contractual ground lease payments through June 2022. The ground lease expires in June 2054.
  • Event Sales
  • Address 145 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 3,000
  • Price $ 9,750,000
  • Price per foot $ 3,250.00
notes
The property sold for $9.75 million.
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