Hidrock Properties
People:
Hidrock Properties NYC portfolio
$30.5 million* – elevator 53%, mixed-use 46%; Brooklyn 100%
2541th largest portfolio by dollar value
53,490 sqft – elevator 79%, mixed-use 20%;
2854th largest by SF
3 properties – Brooklyn 100%
2409th largest
42 residential units – Brooklyn 100%
2464th largest by residential units
2 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Seller company: 9 for $106.3 million
Top Ten Associated Companies:
Avdoo & Partners Development (2), Lotus Design International (2), Elite Group International NY (2), Cofinance Group (2), Yeol Kim (1), Kenneth Y. Leung (1), Malachite Group (1), Eduard Kandinov (1), Popular Bank (1), Lev Haimoff (1)
Top Ten Associated People:
Shlomo Avdoo (2), Kunal Agarwal (2), In Yeol Kim (2), Mark Winter-Gitelson (2), Yeol Kim (1), Kenneth Y. Leung (1), Manouchehr Malekan (1), Eduard Kandinov (1), Gary Hoffson (1), Lev Haimoff (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 112 Liberty Street, Financial District, Manhattan for $21.7 million to Hiwin Group USA on March 28, 2024.
• Hidrock Properties sold 192 Prospect Park West, South Slope, Brooklyn 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 110 Boerum Place and 96 Boerum Place, Boerum Hill, Brooklyn for $20.1 million to Avdoo & Partners Development on July 25, 2023.
• Hidrock Properties sold 148 10th Avenue, 146 10th Avenue, and 150 10th Avenue, Chelsea, Manhattan 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.
• Hidrock Properties sold 35 West 36th St and 35 West 36th St, Garment District, Manhattan for $5.5 million to Elite Group International NY on April 05, 2023.
Latest Stories:
• Malachite Group pays $18.4M to Hidrock for one time dev site in FiDi (April 01, 2025)
• 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)
• Emerald Creek alleges $23.5M Hidrock FiDi loan in maturity default (June 29, 2023)
• Formosa Asset Group pays $4.1M to Hidrock for office condo in Garment District (June 16, 2023)
• Elite Group pays $5.5M to Hidrock for two retail condos in Garment District (May 25, 2023)
Court Records:
Properties: