Hidrock Properties

(Hidrock Realty)

Owner, Developer

Family Office

40 Wall Street

27th Floor New York, NY 10005

People:

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Hidrock Properties NYC portfolio

$30.5 million -elevator 53%, mixed-use 46%; Brooklyn 100%*

2859th largest portfolio by dollar value

53,490 sqft – elevator 79%, mixed-use 20%; Brooklyn 100%

3332th largest by SF

3 properties – Brooklyn 100%

2897th largest

42 residential units – Brooklyn 100%

2824th largest by residential units

2 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Seller company: 4 for $84 million

Top Ten Associated People:

Kunal Agarwal (2), In Yeol Kim (2), Mark Winter-Gitelson (2), Shlomo Avdoo (2), Manouchehr Malekan (1), Jacob Weinstein (1), Eduard Kandinov (1), Gary Hoffson (1), Lev Haimoff (1), David Guimond (1)

Recent activity as company:

• Hidrock Properties sold 72 Nassau Street and 72 Nassau Street, Financial District, Manhattan for $18.4 million to Malachite Group on March 14, 2025.

• Hidrock Properties sold 140 Fulton Street for $36.9 million to Bank Hapoalim on January 15, 2025.

• Hidrock Properties sold 117 Cedar Street for $21.7 million to Hiwin Group USA on March 28, 2024.

• Hidrock Properties sold 193 Prospect Park West for $7 million to Yuval Jacob on March 22, 2024.

• Hidrock Properties sold 35 West 36th St and 35 West 36th St, Garment District, Manhattan for $4 million to Don Choi on October 06, 2023.

• Hidrock Properties sold 12 East 48th Street, Midtown East, Manhattan for $2.1 million to Eduard Kandinov on August 28, 2023.

• Hidrock Properties sold 102 Boerum Place for $20.1 million to Avdoo & Partners Development on July 25, 2023.

• Hidrock Properties sold 148 10 Avenue for $26.9 million to Benchmark Real Estate Group on June 28, 2023.

• Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $2.1 million to A to Z Media on June 02, 2023.

• Hidrock Properties sold 35 West 36th St, Garment District, Manhattan for $4.1 million to Formosa Asset Group on May 31, 2023.

Latest Stories:

• Rivington Company pays $26.4M to Bank Hapoalim for dev site in FiDi, borrows $17.4M (October 30, 2025)

• Avdoo & Partners signs $47M construction loan with Valley for 21-unit condo project in Boerum Hill (September 10, 2025)

• Lender Bank Hapoalim takes title to Hidrock’s FiDi dev site valued at $36.9M, following settlement (July 16, 2025)

• Malachite Group pays $18.4M to Hidrock for one time dev site in FiDi (April 01, 2025)

• Avdoo & Partners signs $14.8M refi with Valley National Bank for condo project in Boerum Hill (March 03, 2025)

• Hiwin Group USA pays $21.7M to Hidrock for FiDi dev site, purchased for $38.5M in 2018 (April 09, 2024)

• Yuval Jacob pays $7M to Hidrock Properties for retail in South Slope (March 29, 2024)

• $39M FiDi foreclosure auction set for this month (January 11, 2024)

• Avdoo & Partners pays $20.1M to Hidrock for retail in Boerum Hill (August 01, 2023)

• Benchmark pays Hidrock $26.9M for 3 Chelsea walkups (July 06, 2023)

Court Records:

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Properties:

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