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
$507.1 million -retail 34%, mixed-use 26%, hotel 22%; Manhattan 45%, Queens 40%, Bronx 13%*
438th largest portfolio by dollar value
2,165,131 sqft – mixed-use 50%, retail 31%, hotel 7%; Queens 73%, Manhattan 15%, Bronx 10%
221th largest by SF
14 properties – Manhattan 58%, Queens 23%, Bronx 17%
715th largest
7 foreclosures, 0 bankruptcies, 460 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $92.3 million
Seller company: 3 for $111.1 million
Borrower company: 8 for $273.9 million
Top Ten Associated Companies:
Behrooz Hedvat (3), JSRE Acquisitions (2), M&T Bank (2), SL Green Realty (2), NY Opportunity Capital Co. (1), Maverick Real Estate Partners (1), FS Investments (1), Valley National Bank (1), COMM 2014-CCRE16 (1), Citibank (1)
Top Ten Associated People:
Arnold Shulkin (1), Judy Barnes (1), Jason Ducret (1), Erick Vallely (1), Carlos Bertaco (1), Gina Sutt Malul (1), Richard Froom (1), Jonathan H. Lieblich (1), Jason Tessler (1), Marshall Van Smith (1)
Recent activity as company:
• 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.
• Jesta Group and Ashkenazy Acquisition borrowed $85 million from Citibank for 2178 Broadway on July 15, 2024.
Latest Stories:
• 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)
• Ashkenazy Acquisition ups debt to $57M from $31M at Queens Center Mall (July 15, 2024)
Court Records:
Properties: