Felix Ades

Managing Director

212.419.8104 | 732.996.1635 | [email protected]
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Felix Ades is a Senior Director at Northgate Real Estate Group.

Mr. Ades is responsible for both the sourcing and sale of all types of distressed real estate products including properties in bankruptcy and foreclosure, and non-performing loans.

Felix is a seasoned real estate professional who has successful experience on all sides of the sale and lending business. He started his career as a commercial mortgage broker with Meridian Capital Group where he originated $200,000,000 in commercial loans for multifamily and retail assets both locally and nationally. He later joined Maguire Capital group, where he utilized his tight-knit lender relationships and his understanding of the capital stack to purchase distressed and non-performing loans, as well as originate special situation loans.

Felix lives in Brooklyn with his wife and son.

LISTINGS

For Sale

Bankruptcy Sale

31-44 44th St.,
Astoria, NY

Astoria Multifamily Building | 58% Free Market Units

In Contract

Bankruptcy Sale

54 Sandcastle Lane,
Amagansett, NY

Single-family residential property featuring 3 bedrooms, 2 full baths, and 1 half bath, along with plans for an enhanced two-story contemporary residence.

For Sale

Lender REO Sale

222 Manhattan Avenue,
Brooklyn, NY

$2,150,000

Four-story walk-up, mixed-use building in Williamsburg comprised of six residential units, and three retail storefronts.

For Sale

Lender REO Sale

983 Metropolitan Avenue,
Brooklyn, NY

$950,000

Three-story walk-up, multi-family building in Williamsburg comprised of six residential units.

For Sale

Foreclosure Sale

41 W 36th St.,
New York, NY

Mixed-use commercial building consisting of two retail spaces and three office units.

For Sale

1257 Rogers Avenue,
Brooklyn, NY

New construction, free-market multifamily building with 8 units, ideally located in prime Flatbush.

For Sale

Bankruptcy Sale

2617 Foster Avenue,
Brooklyn, NY

13,400

Corner multifamily building in Brooklyn, featuring 14 residential units

For Sale

Foreclosure Sale

4210 Digney Avenue,
Bronx, NY

Coming Soon

For Sale

Fee Simple

242 Lenox Avenue,
New York, NY

5-story mixed-use SRO building, consisting of 15 residential units, 1 commercial space, and 1 antenna.

In Contract

Bankruptcy Sale

7 Building Portfolio,
Brooklyn, NY

Seven-building portfolio strategically located across Williamsburg, Greenpoint, Bushwick, and Crown Heights, the portfolio is comprised of 47 residential units and 3 retail spaces. PORTFOLIO OVERVIEW Northgate Real Estate Group is pleased to present a rare opportunity to acquire a seven-building portfolio through a Bankruptcy Sale scheduled for September 9th. Strategically located across Williamsburg, Greenpoint, Bushwick, and Crown Heights, the portfolio comprises 47 residential units and 3 retail spaces—approximately 85% of which are free market. The buildings are designated Tax Class 2A and 2B, offering favorable 12.5% tax treatment. In a market where the vast majority of multifamily assets for sale are encumbered by rent stabilization, this offering stands out as a unique chance to capitalize on rising rents, maintain units at market, and maintain long-term value. This is a prime opportunity to secure property across four of Brooklyn’s most dynamic neighborhoods, with a predominantly free-market unit mix and future upside potential.Properties: 80 New York Avenue 346 Grand Street 81 Stockholm Street 83 Stockholm Street 169 Troutman Street 467 Central Avenue 729 Meeker Avenue

In Contract