Felix Ades

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
3-story, 3,500 SF building currently configured as 4 units. The property has potential for a single-family conversion.
For Sale
Bankruptcy Sale
Opportunity to purchase The Wagner Hotel at the Battery through a Chapter 11 bankruptcy sale. Located on the southern tip of Manhattan overlooking the Hudson River, the Statue of Liberty, and the Financial District, the Offering represents the rare investment opportunity to acquire a fully unencumbered luxury Hotel. Comprising the bottom 14 floors of the 39-story mixed-use tower (113 Ritz-Carlton-branded residences above), the Wagner was developed ground up in 2002 and operated as a Ritz-Carlton until 2018. The Hotel features 298 oversized guestrooms (averaging almost 500 SF), nearly 17,500 SF of high-quality meeting and banquet space, restaurant/bar, spa, and fitness center. The Offering provides investors with the rare opportunity to acquire a recently constructed luxury asset that is unencumbered of both brand and management, providing operational flexibility to implement their own unique vision for the Hotel. Given the tremendous array of value-add opportunities, such as branding the Hotel, renovating the guestrooms, activating underutilized public space, and improving the overall amenity base, new ownership will be able to capture higher-rated group, corporate, and leisure business as the New York Lodging market continues its robust recovery. Strong fundamentals in New York City positions owners for near-and-long-term success. New York City luxury lodging performance rebounded significantly in 2022, with year-end RevPAR exceeding 2019 levels by 10.7%. Although demand/occupancy levels have yet to return to pre-COVID levels, ADR for luxury hotels was 30.1% higher than 2019 levels. As international, corporate, and group demand continues to return to NYC, demand is expected to surpass prior or peak levels and the market should experience strong RevPAR growth. Additionally, given the countless hotel closures, regulatory challenges, and increasingly high costs to develop new hotels, the supply pipeline has tapered. Nearly 10,100 keys (9.6% of Manhattan inventory) will likely remain permanently off-line (either closed or converted to an alternative use), especially several notable properties Downtown and in the Financial District. The Property is being sold pursuant to a bankruptcy court-supervised sale process and will be delivered free and clear of debt.
For Sale
Foreclosure Sale
346 Grand Street is a Building located in the Williamsburg neighborhood in Brooklyn, NY. The property is 3 stories and has 6 units. 81 Stockholm Street is a Building located in the Bushwick neighborhood in Brooklyn, NY. The property is 4 stories and has 8 units. 80 New York Avenue is a Building located in the Crown Heights neighborhood in Brooklyn, NY. The property is 4 stories and has 8 units. 169 Troutman Street is a Building located in the Bushwick neighborhood in Brooklyn, NY. The property is 3 stories and has 6 units. 467 Central Avenue is a Building located in the Bushwick neighborhood in Brooklyn, NY. The property is 3 stories and has 5 units. 729 Meeker Avenue is a Building located in the Greenpoint neighborhood in Brooklyn, NY. The property is 4 stories and has 8 units.
For Sale
Fee Simple
5-story mixed-use SRO building, consisting of 15 residential units, 1 commercial space, and 1 antenna.
17
Foreclosure Sale
For Sale

179 Ludlow Street, New York, NY

Retail condo located at the base of a multi-million dollar luxury condominium. Featuring 1 ...
2,219 SF
33
user image
Fee Simple
For Sale

4112 77th Street, Queens NY

Newly constructed 5-story plus cellar level medical office building featuring 10,040 GSF. ...
5 10,040 SF
15
user image
Fee Simple
For Sale

106-25 & 106-29 Guy Brewer Blvd , Queen...

Newly constructed two contiguous 4-story, mixed-use buildings. Featuring 20 total resident ...
4
22
user image
Bankruptcy Sale
For Sale

8200 Bay Parkway, Brooklyn, NY

28,000 SF mixed-use building consisting of 28 residential units and 2 commercial units,  i ...
28,000 SF
15
user image
UCC Foreclosure Sale
Closed

50 Emmett Street

2-story, 205,128 GSF industrial building on 9.1 acres. It contains 9 units with 200 parkin ...
23
user image
Bankruptcy Sale
Closed

9630 North 25th Avenue, Arizona

Northgate Real Estate Group is pleased to present the opportunity to purchase 9630 N 25th ...

Compare Listings