Sunday, October 1, 2017
Mr. Hochfelder began his professional career while still in university, after his sophomore year, when he took on an internship position at Newmark and Co, a major real-estate services company.
In 1996, Mr. Hochfelder co- founded Max Capital Management Corp, and began building his commercial real-estate portfolio, that reached up to seven million square feet, measuring up to holdings of some of the most prominent real-estate magnates. In 1998, Adam Hochfelder was one of the youngest people ever selected to serve on the Real Estate Board of New York.
Thanks to Adam Hochfelder’s exceptional business management skills, his real estate investment firm in NYC reached over $3 billion in assets under management. Under Mr. Hochfelder’s stewardship the firm added some major acquisitions including 230 Park Avenue ($300 million), 237 Park Avenue ($455 million), 350 Madison Avenue ($180 Million), 1440 Broadway ($200 million), as well as multiple residential properties in New York and Chicago.
He also led the development of several luxury hotel properties such as the Hyatt Andaz at 485 Fifth Avenue in NYC, and the Westin Aruba Resort & Casino in the Caribbean. In 1998, at the age of 27, Mr. Hochfelder stunned New York’s biggest land owners by buying the legendary building at 230 Park Avenue, which was the seat of New York real-estate legend Harry Helmsley.
Adam Hochfelder, the so called wunderkind of New York real estate, also managed to finalize a deal with one of the wealthiest and most respected investors in the world, the Texas-based Mr. Bass. With that, Max Capital gained access to compete for the most expensive buildings in the city, rivaling with the most powerful real estate companies within USA.
In no time, some of the nation's largest institutions including JP Morgan, Citigroup, Wells Fargo, Goldman Sachs, Credit Suisse and Fidelity started investing side by side with Hochfelder. Known for his ability to financially structure and acquire some of NYC's largest properties, Adam was even able to out-maneuver NYC's biggest landlords, like Donald Trump and Bernie Mendik, and acquire properties such as the Helmsley Building.
His acquisitions include the former Condé Nast building at 350 Madison Avenue; 450 West 33rd Street, home to the Daily News and the Associated Press. Adam Hochfelder along with Chetrit Group, one of his longest-running business allies, also co-owns three buildings in Chicago.
In 2000, he successfully acquired 237 Park Avenue for $455 million, as well as the Tommy Hilfiger Building at 485 Fifth Avenue in 2005. That same year, Mayor Michael Bloomberg appointed Mr. Hochfelder to serve on NYC’s Economic Development Committee. He served alongside Deputy Mayor Dan Doctoroff on 2012 NYC’s bid committee to bring the 2012 Summer Olympics to New York City.
Adam has been honored by multiple National Charities for his philanthropic endeavors. He founded and funded the development of the NYC Parenting Center which aids first time mothers in need, has developed low-income housing in New York and Philadelphia and has contributed to HELP USA. Hochfelder also played an important role in the development of various youth sports foundations, and has been an active coach in youth sports in Manhattan.
For the past year and a half, Adam Hochfelder, the wunderkind of New York real estate, has been working as a Managing Director of Real Estate Acquisitions & Development at Merchants Hospitality. These days, Hochfelder enjoys spending time with his two sons, taking them to sporting events and Merchants-run restaurants.