Hidrock’s FiDi hotel project facing foreclosure – Robert Khodadadian

A hotel development project in Lower Manhattan delayed by the pandemic appears to be on unsteady financial footing and facing foreclosure. Bank Hapoalim is alleging that Hidrock Properties has not paid back the $32.8 million loan that the Israel-based lender provided for its purchase and development of 140 Fulton Street in the Financial District, Crain’s reported. Hidrock purchased the 2,700-square-foot vacant lot and an adjacent six-story building at 140-142 Fulton Street for $19.8 million in

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Financial District, foreclosures, Hidrock Properties, lower Manhattan The Real Deal New York Read More

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