Ashkenazy Acquisition

Ashkenazy Acquisition NYC portfolio

$403.6 million* – retail 37.0%, hotel 28.0%; Manhattan 59.0%, Queens 33.0%

425th largest portfolio by dollar value

1,041,331 sqft – retail 66%, hotel 16%;

329th largest by SF

12 properties – Manhattan 66%, Queens 20%

706th largest

7 foreclosures, 0 bankruptcies, 18 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $20.3 million

Seller company: 5 for $289.7 million

Borrower company: 6 for $198.6 million

Top Ten Associated Companies:

Behrooz Hedvat (3), JSRE Acquisitions (2), M&T Bank (2), SL Green Realty (2), COMM 2014-CCRE16 (1), Eddie Gindi (1), Raymond Gindi (1), Isaac Gindi (1), Citibank (1), Series 2014-C24 (1)

Top Ten Associated People:

Arnold Shulkin (1), Judy Barnes (1), Jason Ducret (1), Erick Vallely (1), Carlos Bertaco (1), Gina Sutt Malul (1), Ronnie Gul (1), John Burke (1), Raymond Gindi (1), Matthew Gutauskas (1)

Recent activity as company:

• Ashkenazy Acquisition, 101 Holdings and Wharton Properties sold 21 East 62nd Street, Lenox Hill, Manhattan for $7.4 million to JSRE Acquisitions on October 23, 2024.

• Eddie Gindi, Raymond Gindi and Isaac Gindi sold 961 East 174th Street, East Morrisania, Bronx for $20.3 million to Ashkenazy Acquisition on September 30, 2024.

• Ashkenazy Acquisition borrowed $38.6 million from Mesa West Capital for 242-02 61st Avenue, Little Neck, Queens on August 16, 2024.

• Jesta Group and Ashkenazy Acquisition borrowed $85 million from Citibank for 222 West 77th Street, Upper West Side, Manhattan on July 17, 2024.

• Ashkenazy Acquisition borrowed $57 million from Bank Hapoalim for 92-59 59th Avenue, Elmhurst, Queens on July 12, 2024.

• Ashkenazy Acquisition borrowed $0 from FS Investments for 3860 East Tremont Avenue, Throgs Neck, Bronx on July 03, 2024.

• Ashkenazy Acquisition sold 635-637 Madison Avenue, Lenox Hill, Manhattan for $18.7 million to Series 2014-C24 and JPMBB 2014-C24 MADISON AVENUE on July 01, 2024.

• Ashkenazy Acquisition and Cohen Equities sold 555 West 59th Street, 555 West 59th Street, and 555 West 59th Street, Hell’s Kitchen, Manhattan for $20 million to COMM 2014-CCRE16 on April 23, 2024.

• Ashkenazy Acquisition sold 2067 Broadway, Lincoln Square, Manhattan for $9.9 million to Oren Neria and Hirshmark Capital on January 18, 2024.

• Ashkenazy Acquisition borrowed $6.2 million from M&T Bank for 89-01 Queens Boulevard, Elmhurst, Queens on October 16, 2023.