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PRESS

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Featuring Abraham Hidary

The adage age is only a number proved true for Abraham Hidary, president of Hidrock Realty. At just 26 years old in 2004, he was at the helm of his family’s property management firm, shouldering responsibility that real estate professionals don’t typically face until mid-career – if ever. But youth didn’t hinder Hidary – or his vision of the firm –
and now Hidrock has become a major player in the New York market.

Hidary, a Brooklyn native, grew up in a family immersed in both the garment and real estate industry. He attended Yeshiva University, where he studied marketing, and after dabbling with the technology and apparel industries, he came to work for the family’s property management business as a comptroller at age 22.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Hidrock Realty Inc. has arranged a 2,028 square foot lease for Ridge Abstract Corporation at 53 West 36th Street, according to Abraham J. Hidary, president of Hidrock, the building’s landlord. The asking price was $45 per square foot.

Ridge Abstract, a full-service title insurance agency that represents the nation’s leading names in underwriting services, will take immediate occupancy of its second floor space for a term of five years. The tenant is relocating from 1359 Broadway.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Firms take 6,000 square feet each and get own floors in 12-story building. Shnackel Engineers and eReplicator Enterprises Inc. have each signed a 10-year lease for 6,000 square feet at 53 W. 36th St.

Omaha-based Schnackel will occupy the top floor of the 12-story building, which is between Fifth and Sixth avenues. Asking rent was $48 a square foot.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Abraham J. Hidary, president of Hidrock Realty announced that The Futures Group Holdings, Inc. has leased 2,023 s/f on the sixth floor of 53 West 36th Street for its headquarters. The asking rent was $45 per square foot.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Where do you stand on concessions?

We all like a little something for free, and New York City office tenants are no different. We asked our readers how they felt about concessions and they were close to being even. A stout 43% of you said “We’re standing pat – but it’s getting tough.” Another 38% voted that tenants are getting what they want, while another 19% don’t believe in concessions. Real Estate New York spoke with Abie Hidary, president of Hidrock Realty, and he expressed the necessity of looking at each building individually.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]AOL, Ogilvy and similar companies create a bellwether effect for neighborhoods outside traditional Midtown – Featuring Abraham Hidary

Over the past 30 years companies – ad agencies, magazine and newspaper publishers,
TV studios and others – have received a lot of the credit (or blame) for the new-found hipness of certain New York City neighborhoods. The Eight Avenue corridor, the Garment District, the Far West Side, the Lower West Side and Astor Place/Cooper Union are prime examples of down-and-going or never-were neighborhoods that have gained the interest of these fast-growing corporate tenants. The desire to economize spurred Saatchi & Saatchi’s move to the Lower West Side some years ago, and that move had quite a bit
to with making that area trendy.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]The Manhattan office market is still wallowing in a slowdown that is expected to continue, though many brokers bet Midtown South neighborhoods will weather the storm better than their neighbors to the north and south, a shift largely attributed to its lower rents.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]The Jeweler Town of New York, a jeweler, has leased approximately 500 s/f of retail space at 372 Fifth Avenue, announces Abraham J. Hidary, president of Hidrock. The asking price was $200 per square foot.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Featuring Abraham and Eddie Hidary

Injecting new life and vigor into older buildings was the topic of a presentation by Abraham and Eddie Hidary, president and chief operating officer respectively, of Hidrock Realty, at the recent Commercial Real Estate Due Diligence Conference, held at the Harmonie Club. They covered a broad range of topics, including tenant relations, lobby design and the demolition of old spaces and uses.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]Cititailor, which makes and sells custom clothing for men and women, leased 1,400 sf
for its second location at 29 East 61st Street. Cititailor, in business for three decades,
will take immediate occupancy of its new space for a term of five years. The retailer is
also located at 675 Madison Avenue.[/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_column_text]VIEW FULL ARTICLE [/vc_column_text][/vc_column][/vc_row]