14 Oct BETWEEN THE BRICKS
Hidrock purchases the building at 960 Sixth Avenue
Abe Hidary of Hidrock Realty has paid $40 million to Societe Generale for
its non-performing $95 million mortgage at 960 Sixth Avenue.
“We own five other assets within two blocks and are confident if we had
to run it, we could operate it and lease it,” said Hidary, who obtained a $7
million mortgage from Signature Bank for the purchase.