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Hidrock Properties
Hidrock Properties, formerly 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 firms 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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01/23/19
...provided the loan.
The 41-story hotel, co-developed by Hidrock Properties and the Buccini/Pollin Group, opened last year on West 37th Street. AIG Global...
12/21/18
...that entity is the private real estate firm Hidrock Properties, which they allege violated a nondisclosure agreement before buying the mortgage on their Dream...
12/06/18
...in April, Sharif El-Gamal’s Soho Properties sued Hidrock Properties, alleging the firm used confidential information obtained during an air rights deal to “usurp...
10/24/18
...Hidary and 140-142 Fulton Street (Credit: Google Maps)
Hidrock Properties bought a development site and a six-story residential property in the Financial District for...
09/28/18
...stake of the hotel, which was co-developed by Hidrock Properties and the Buccini/Pollin Group, the report said.
Both AIG and Eastdil declined Bloomberg...
09/06/18
...that entity is the private real estate firm Hidrock Properties, which they allege violated a nondisclosure agreement before buying the mortgage on their Dream...
...that entity is the private real estate firm Hidrock Properties, which they allege violated a nondisclosure agreement before buying the mortgage on their Dream...
07/13/18
...Last year, major purchases in the neighborhood included Hidrock Properties buying 96-110 Boerum Place for $30.5 million and Adam America paying $36 million for 24 Fourth Avenue...
03/05/18
...Liberty Street
Hidrock Properties bought a development site just south of the World Trade Center for $38 million, property...
01/16/18
...Park West
The Landmarks Preservation Commission has approved Hidrock Properties’ plans for their Park Slope site next to the closed Pavilion cinema following years...
09/05/17
...event kicks off at noon. The chief of Hidrock Properties, Abraham Hidary, will provide the keynote speech for this event.
Later in September is...
06/05/17
...The Real Deal had misidentified the buyer as Hidrock Properties, but records filed with the city late last week show that Cohen closed on...
05/26/17
...in April, Sharif El-Gamal’s Soho Properties sued Hidrock Properties, alleging the firm used confidential information obtained during an air rights deal to “usurp...
05/01/17
...court can decide whether or not rival developer Hidrock Properties used insider information to try and wrest control of the property.
According to a...
04/25/17
...June 5 by The Real Deal.
Jack Hidary’s Hidrock Properties purchased the debt on the Dream Hotel project just south of Times Square, sources...
01/30/17
...Boerum Place in Boerum Hill and Steven Hidary
Hidrock Properties picked up the Boerum Hill home of the New York Sports Club for $30.5 million...
01/06/17
...East 48th Street in Midtown (inset: Abraham Hidary)
Hidrock Properties just pulled off $100.5 million in loans for its new 31-story, 161-key Midtown hotel project...
01/03/17
...Downtown Manhattan/World Trade Center, according to seller Hidrock Properties.
The price works out to roughly $650,000 per key for the 30-story, 317-room hotel at...
09/07/16
...dashing the possibility of condos at the site.
Hidrock Properties is the seller. The firm still owns the adjacent property, a vacant one-story building...
06/10/16
...East 48th Street in Midtown (inset: Abraham Hidary)
Hidrock Properties is planning a new 161-room hotel on a Midtown assemblage it acquired for $47 million...
...for the better.
Steven Hidary
Chief operating officer, Hidrock Properties
What are you reading now?
I am re-reading “An Architectural Guidebook to Brooklyn” by...
Hidrock Properties, Associate Director - Residential Properties
40 Wall Street, 45 Floor, New York, NY, (212) 563-9200
40 Wall Street, 45 Floor, New York, NY, (212) 563-9200
...
Hidrock Properties, CEO
40 Wall Street, 45th Floor, New York, NY, 212.563.9200
40 Wall Street, 45th Floor, New York, NY, 212.563.9200
Abraham J. Hidary heads the privately held real estate investment and development firm...
- Event Financing
- Address 140 Fulton Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 84,200
- Price $ 33,000,000
- Publication Date 10/29/2018
- Event Date 10/24/2018
- Party 1 Hidrock Properties
- Party 2 Bank Hapoalim
notes
The buyer secured an acquisition loan of $33 million for the Financial District portfolio.
- Event Sales
- Address 140 Fulton Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 84,200
- Price $ 41,000,000
- Publication Date 10/29/2018
- Event Date 10/24/2018
- Party 1 Raymond Gindi
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Kevin Donner, Maurice Suede
- Party 2 Hidrock Properties
notes
The buyer secured the Financial District portfolio for $41 million.
- Event Office Leasing
- Address 35 West 36th Street
- Neighborhood Garment District
- Borough Manhattan
- Square feet 3,170
- Publication Date 06/18/2018
- Event Date 06/15/2018
- Party 1 Hidrock Properties
- Party 1 Brokerage Hidrock Properties
- Party 1 Broker Robert Kaplan
- Party 2 Wander Beauty
- Party 2 Brokerage Adams & Company
- Party 2 Broker Brett Maslin
notes
The tenant inked a lease for the Garment District space.
- Event Sales
- Address 133 Greenwich Street
- Neighborhood Financial District
- Borough Manhattan
- Price $ 28,000,000
- Publication Date 01/09/2018
- Event Date 06/22/2012
- Party 1 Brokerage Eastern Consolidated, Skyline Properties
- Party 1 Broker Adelaide Polsinelli, Robert Khodadadian
- Party 2 Hidrock Properties
- Party 2 Brokerage Eastern Consolidated, Skyline Properties
- Party 2 Broker Adelaide Polsinelli, Robert Khodadadian
- Event Sales
- Address 96 and 110 Boerum Place
- Neighborhood Boerum Hill
- Borough Brooklyn
- Square feet 34,880
- Price $ 30,500,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Windmiller Properties
- Party 2 Hidrock Properties
notes
The two adjacent commercial properties were sold for $30.5 million.
- Event Sales
- Address 133 Greenwich Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 130,054
- Price $ 206,000,000
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 Hidrock Properties
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Adam Etra
- Party 2 Union Investment Real Estate Gmbh
notes
The 317-key hotel was sold for $206 million.
- Event Financing
- Address 12 East 48th Street
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 33,637
- Price $ 100,500,000
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 Hidrock Properties
- Party 2 Midland National Life Insurance
notes
The company secured a $100.5 million construction loan.
Brooklyn, 11217
Hidrock Properties, 32 FIFTH BROOKLYN, LLC
Hidrock Properties, 32 FIFTH BROOKLYN, LLC
32 Fifth Avenue is a 6,533 square foot property in the Greenwich Village...
Manhattan, 10017
HIDROCK PROPERTIES, 1248 ASSOCIATES LLC
HIDROCK PROPERTIES, 1248 ASSOCIATES LLC
12 East 48th Street is a 115,924 square foot property in the Midtown...
Manhattan, 10017
Hidrock Properties, 13 EAST 47TH STREET, LLC - A
Hidrock Properties, 13 EAST 47TH STREET, LLC - A
This property is a new development. The developer(s) filed plans in January of...
Manhattan, 10006
HIDROCK REALTY, UNION INVESTMENT REAL ESTATE GMBH
HIDROCK REALTY, UNION INVESTMENT REAL ESTATE GMBH
...
Brooklyn, 11230
HIDROCK REALTY, EAST 19TH STREET CONDOS LLC
HIDROCK REALTY, EAST 19TH STREET CONDOS LLC
1288 East 19th Street is a 40,079 square foot building in the Midwood...
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...
New product put on the market with an eye toward capturing broad rent increases boosted the availability rate ...
Brooklyn, 11217
Hidrock Properties, 32 FIFTH BROOKLYN, LLC
Hidrock Properties, 32 FIFTH BROOKLYN, LLC
32 Fifth Avenue is a 6,533 square foot property in the Greenwich Village...
Manhattan, 10017
HIDROCK PROPERTIES, 1248 ASSOCIATES LLC
HIDROCK PROPERTIES, 1248 ASSOCIATES LLC
12 East 48th Street is a 115,924 square foot property in the Midtown...
Manhattan, 10017
Hidrock Properties, 13 EAST 47TH STREET, LLC - A
Hidrock Properties, 13 EAST 47TH STREET, LLC - A
This property is a new development. The developer(s) filed plans in January of...
Manhattan, 10006
HIDROCK REALTY, UNION INVESTMENT REAL ESTATE GMBH
HIDROCK REALTY, UNION INVESTMENT REAL ESTATE GMBH
...
