Ashkenazy Acquisition
Owner
Private Equity|Family Office
600 Madison Ave 15th Floor New York, NY 10022
150 East 58th Street, 39th Floor New York, NY 10155
People:
Ashkenazy Acquisition NYC portfolio
$517.4 million -retail 35%, mixed-use 25%, hotel 21%; Manhattan 46%, Queens 40%, Bronx 13%*
485th largest portfolio by dollar value
2,201,041 sqft – mixed-use 49%, retail 32%, hotel 7%; Queens 72%, Manhattan 16%, Bronx 10%
235th largest by SF
15 properties – Manhattan 61%, Queens 22%, Bronx 16%
736th largest
7 foreclosures, 0 bankruptcies, 680 other court cases.
Company Activity past 24 months:
Buyer company: 3 for $102.7 million
Seller company: 2 for $92.4 million
Borrower company: 5 for $131.9 million
Top Ten Associated Companies:
Behrooz Hedvat (3), M&T Bank (2), SL Green Realty (2), JSRE Acquisitions (2), JCPenny (1), anonymous (1), Amerant Bank (1), JPMorgan Chase (1), Bank of Montreal (1), Benefit Street Partners (1)
Top Ten Associated People:
Miguel Palacios (1), Michael Razman (1), Sarah Haley (1), Leanne Lispi (1), Arnold Shulkin (1), Jason Tessler (1), Judy Barnes (1), Jason Ducret (1), Erick Vallely (1), Carlos Bertaco (1)
Recent activity as company:
• Apple Bank sold 4259 Broadway, Washington Heights, Manhattan for $10.3 million to A&H Acquisitions and Ashkenazy Acquisition on July 28, 2026.
• Ashkenazy Acquisition borrowed $43 million from Acore Capital for Atlas park mall skyway on July 30, 2025.
• Macerich sold Atlas park mall skyway for $72 million to Ashkenazy Acquisition on July 30, 2025.
• Ashkenazy Acquisition borrowed $14 million from Rialto Management Group for 959 Southern Boulevard on July 01, 2025.
• Ashkenazy Acquisition borrowed $30 million from Voya Financial for 12 Horizon Plaza on May 22, 2025.
• Ashkenazy Acquisition borrowed $6.3 million from Customers Bank for 89-06 56 Avenue on May 02, 2025.
• Deka Immobilien and Ashkenazy Acquisition sold 522 5th Avenue, Midtown West, Manhattan for $85 million to RFR Holding on May 01, 2025.
• Ashkenazy Acquisition, 101 Holdings and Wharton Properties sold 21 East 62 Street for $7.4 million to JSRE Acquisitions on October 10, 2024.
• Eddie Gindi, Raymond Gindi and Isaac Gindi sold 12 Horizon Plaza for $20.3 million to Ashkenazy Acquisition on September 19, 2024.
• Ashkenazy Acquisition borrowed $38.6 million from Mesa West Capital for 241-10 61 Avenue on August 07, 2024.
Latest Stories:
• Related seeks 99K sf transit bonus for 625 Madison office project in Midtown East (May 25, 2026)
• Richemont is buyer of 690 Madison, pays SLG, Jeff Sutton $54.5M: Sources (March 03, 2026)
• Jeff Sutton of Wharton Properties pays SL Green $34M for 690 Madison (December 11, 2024)
• Ashkenazy buys out Gindi partners’; 49.9% stake at retail in East Morrisania (October 01, 2024)
• Ashkenazy signs $38.6M loan modification for retail in Little Neck (August 19, 2024)
Court Records:
Properties: