Hidrock Properties | The Real Deal New York

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Hidrock Properties

40 Wall Street, 45th Floor
New York, NY 10005
(212) 563-9200
Website
info@hidrock.com

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 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.


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...
Hidrock Properties, Associate Director - Residential Properties
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
Abraham J. Hidary heads the privately held real estate investment and development firm...
  • 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 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.
  • Event Sales
  • Address 133 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 130,054
  • Price $ 206,000,000
notes
The 317-key hotel was sold for $206 million.
  • Event Sales
  • Address 53 West 36th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 78,426
  • Price $ 54,000,000
notes
The 12-story building sold for $54 million.
  • Event Sales
  • Address 188 Prospect Park West
  • Neighborhood Park Slope
  • Borough Brooklyn
  • Square feet 33,120
  • Price $ 28,000,000
  • Price per foot $ 846.00
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 Hidrock Realty
  • Party 2 Matthew Viragh
notes
The movie theater sold for $28 million.
  • Event Financing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 79,750
  • Price $ 25,500,000
  • Publication Date 10/01/2016
  • Event Date 08/15/2016
  • Party 1 Hidrock Realty
  • Party 1 Brokerage HFF
  • Party 1 Broker Steven Klein, Geoff Goldstein
  • Party 2 M&T Bank
notes
The company secured a $25.5 million loan.
  • 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 Office Leasing
  • Address 10 West 33rd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 5,791
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Ten West Thirty Third Associates
  • Party 1 Brokerage Adams & Company
  • Party 1 Broker David Levy
  • Party 2 Sakar International
  • Party 2 Brokerage Hidrock Realty
notes
The toy company signed a lease on the 4th floor.
  • Event Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,195
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Hidrock Realty
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 DCF Advertising
  • Party 2 Brokerage CBRE
  • Party 2 Broker Timothy Freydberg
notes
The advertising agency signed a seven-year lease.
  • Event Office Leasing
  • Address 53 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,865
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Hidrock Realty
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 Bon-Bini
  • Party 2 Brokerage Intrepid
  • Party 2 Broker David Menaged
notes
The accessory company signed a seven-year lease for showroom and office space.
  • Event Retail leasing
  • Address 35 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,195
  • 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
  • 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
  • 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 Brother 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 LLC
  • 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 04/01/2013
  • Event Date 02/15/2013
  • Party 1 3536 Associates LLC
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 SBH Fashion
  • Party 2 Brokerage Adams & Company
  • 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
  • Publication Date 04/01/2013
  • Event Date 02/15/2013
  • Party 1 3536 Associates LLC
  • Party 1 Brokerage Hidrock Realty
  • Party 1 Broker Robert Kaplan
  • Party 2 Aesop
  • Party 2 Brokerage ABS Partners Real Estate
  • Party 2 Broker Douglas Regal, Evan Algier
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
  • 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 Office Leasing
  • Address 35 West 36th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,170
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
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.
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