Tidal Real Estate Partners

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Tidal Real Estate Partners NYC portfolio

$40.9 million* – condo 96%, mixed-use 3%; Brooklyn 100%

2118th largest portfolio by dollar value

28,241 sqft – condo 91%, mixed-use 8%;

3767th largest by SF

3 properties – Brooklyn 100%

2331th largest

Company Activity past 24 months:

Seller company: 3 for $115.5 million

Top Ten Associated Companies:

Ohana Real Estate Investors (2), Hiuian Cheng (1), BrightSpire Capital (1), JPMorgan Chase (1)

Top Ten Associated People:

John Ginochio (2), Hiuian Cheng (1), David A. Palame (1), Jennifer R. Lewin (1)

Recent activity as company:

Tidal Real Estate Partners sold 71 Smith Street, 71 Smith Street, and 140 Schermerhorn Street, Boerum Hill, Brooklyn for $13 million to Ohana Real Estate Investors on November 30, 2023.

Tidal Real Estate Partners sold 140 Schermerhorn Street, Boerum Hill, Brooklyn for $97.5 million to Ohana Real Estate Investors on November 30, 2023.

Tidal Real Estate Partners sold 312 Atlantic Avenue, Boerum Hill, Brooklyn for $5 million to Hiuian Cheng on November 03, 2023.

Tidal Real Estate Partners borrowed $29 million from BrightSpire Capital for 326 Wythe Avenue, 70 Grand Street, 57 South 1st Street, and 72 Grand Street, Williamsburg, Brooklyn on May 03, 2022.

Tidal Real Estate Partners borrowed $57.5 million from JPMorgan Chase for 140 Schermerhorn Street, Boerum Hill, Brooklyn on January 13, 2022.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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