Honor Bestowed at American Friends of Rabin Medical Center’s Real Estate & Finance Deal of the Year Celebration

American Friends of Rabin Medical Center Real Estate & Finance Deal of the Year celebration. Vacker picked up the ‘Most Innovative Technology Deal’ award for his work on the 25,000 square foot lease deal at 462 Broadway for Israel’s premier venture capital firm, Jerusalem Venture Partners (“JVP”). Focused on enterprise software and cybersecurity, JVP was recently selected as a partner by The New York Economic Development Corpin establishing New York City as a global cybersecurity center.

On receiving the honor, Vacker commented, “I’d like to thank The American Friends of Rabin Medical Center for recognizing the importance of our work putting JVP in its new American headquarters at the historically significant 462 Broadway from where the firm will make a game changing impact on New York City’s technological capabilities.”

462 Broadway is a 165,000-square-foot historic office and retail cast-iron building, which has been owned by Stephen Meringoff and Jay Shidler since 1981 and is managed by Meringoff Properties, Inc., an affiliate of the prominent Himmel + Meringoff investment firm. The property was recently restored to the highest of standards and has reemerged as one of SoHo’s finest classic structures earning it three prominent architectural and preservation awards since 2018 including the Institute of Classical Architectural & Art’s 2018 Stanford White Award for Historic Preservation, The Municipal Art Society 2019 award for Best Restoration and The New York Landmarks Conservancy’s 2019 Lucy G. Moses Preservation Award.

Following the lease with JVP, Meringoff Properties is actively marketing the only remaining available spaces at the property, the two retail corners at Broadway and Grand Street and Crosby and Grand Street. Both spaces may be combined with lower level selling space.

About Himmel + Meringoff Properties 

New York City-based Himmel + Meringoff Properties (www.hmprop.com) operates one of the largest privately owned portfolios in Manhattan. The company’s long-term investment strategy is based on successfully identifying and evaluating well-located but under-performing properties and structuring complex transactions that are often highly customized to meet the disposition objectives of the property’s owners. H + M’s approach to acquisitions includes joint ventures, net leases with options to buy and partial sale-leasebacks. The company has a 37-year track record of financial success in creating value through repositioning, renovating, re-tenanting and adaptive reuse using strategic capital infusion and vertically integrated in-house management.

About Meringoff Properties

Meringoff Properties, Inc. is a vertically integrated real estate management company with 40 years of experience in the creative repositioning, redevelopment and operation of commercial property. Meringoff Properties provides leasing, property management, construction management, and a full suite of financial and accounting services to a portfolio of 16 commercial properties located in New York City.

About AFRMC

American Friends of Rabin Medical Center (AFRMC) is a 501 (c) (3) nonprofit charitable organization that was established in 1995. Through a variety of programs and fundraisers across the United States, the funds raised by American Friends of Rabin Medical Center benefit AFRMC in furtherance of its mission to fund charitable, educational and scientific purposes at Rabin Medical Center. A portion of all funds raised are used for AFRMC operations. Israel’s Rabin Medical Center in Petach Tikvah, named after former Prime Minister Yitzhak Rabin, is the pride of Israel, serving the needs of one million patients annually without regard to ethnicity, nationality or religion.

The American Friends of Rabin Medical Center event brings together business professionals and people who believe in the extraordinary power of uniting people through a variety of food traditions and cultures from all walks of life and provides an exclusive networking opportunity for senior and young professionals in the fields of culinary arts, media, real estate, finance, biomedicine, and technology.