Felix Ades, 28

Felix Ades has made a splash at Northgate Real Estate Group, both closing deals and picking up awards.

It’s been roughly one year since the distressed-focused brokerage — run by president and founder Greg Corbin — launched as an extension of Rosewood Realty Group’s bankruptcy and restructuring team. With nearly three years on Corbin’s team across the two companies, Ades has worked on a range of distressed deals. His transactions have included bankruptcy sales, loan sales, UCC foreclosures, and lender and borrower workouts. 

For such successes in the industry, the New York Real Estate Journal recognized Ades as a Ones to Watch Rising Star last year. Corbin, specifically, praised Ades for his work ethic, drive to improve and vast comprehension of distressed real estate and its complex transactions. 

Case in point: Ades has sold more than $114 million in real estate to date, according to Traded. His most notable deals have spanned New York City, where he resides with his wife and son. 

Specifically, Ades helped market the UCC foreclosure of Harry Macklowe’s 432 Park Avenue. (The foreclosure has since been stalled with lawsuits, however.) Currently, Ades is working on a UCC foreclosure of the 132,000-square-foot Trader Joe’s building at 200 Kent Avenue in Williamsburg, Brooklyn. On the bankruptcy sales side, Ades closed the sale of 291 Livingston Street in Downtown Brooklyn for nearly $35 million.

Before he was closing deals, Ades was opening economics textbooks at Rutgers University. After graduation, he worked at Meridian Capital Group as a capital markets specialist, originating $200 million in multifamily and retail loans. In 2020, he landed at Maguire Capital Group, where he worked as vice president before joining Rosewood Realty.