About Us
Fimida focuses on identifying real estate investment opportunities, along with managing a diversified portfolio across an array of sectors and locations nationally. Fimida is armed with a remarkable network of contacts and relationships developed by its principle Daniel Figotin, seasoned real estate veteran.
"As a property manager for my family's real estate portfolio, I developed a discerning eye for low-risk investments that bring solid returns." - Daniel Figotin
Fimida currently has multiple projects in development in the greater New York City area.
Projects
Below is a sample of some of our property types.
302 East 96th Street, NYC
Ground Up Development
233 East State Street, Jacksonville
NNN Property
41-40 40th Street, Queens, NY
Multi-Family Property
672 6th Avenue, Brooklyn
Mixed Use Property
News
New look at Karl Fischer's glassy Upper East Side condo
Over the past year, a 21-story “affordable luxury” condo has been taking shape on East 96th Street between First and Second Avenues. With sales expected to get underway this spring, the developer, Wonder Works (partnering with Fimida Enterprises and Mink Development) has now dubbed the condo, Vitre (a French word for window), and unveiled a teaser site for the project.
Read More'Affordable Luxury' Condos Coming to Yorkville
September 18th, 2016Demolition of an existing parking garage on the property at 302 E. 96th St. near Second Avenue will begin next month and construction of the new condos will begin before the end of the year, pending approval from the city's Department of Buildings, she said. Wonder Works, which is developing the site along with Fimida Enterprises, Mink Development and Forbes Development, has gotten already approval for the demolition, according to the department's records. The project doesn't have a name yet, but it's possible that the condominium could begin taking tenants by 2018, Alexander said.
Read MoreBorshch and Pena of Berko and Associates represent Fimida in $2 million Sunset Park building sale
September 6th, 2016Brooklyn, NY According to Fimida Enterprises, it has purchased a four-story mixed-use building in Sunset Park next to the borough’s Industry City area, a 16-building, six million s/f complex on the waterfront. The 6,752 s/f building at 3918-3920 3rd Ave. between 39th and 40th Sts. features six residential apartments and two retail spaces. The sales price was $2 million. The seller was a long-term owner. Lenny Borshch and Augustine Pena of Berko and Associates represented Fimida and the seller in the off-market sale that closed August 10th. “This neighborhood is changing every day,” said Daniel Figotin, principal of Fimida. “The easy access to Manhattan, Industry City and all that has to offer makes this buy a great investment.”
Read MoreWonder Works Secures $57M in Financing for UES Residential Condo
February 2nd, 2016A development team that includes Joseph Klaynberg’s Wonder Works Construction has secured more than $57 million in financing from commercial lenders CapitalSource and Terra Capital Partners for its 21-story condominium project at 302 East 96th Street, Commercial Observer has learned. The team, which also includes Daniel Minkowitz’s Mink Development and Daniel Figotin’s Fimida Enterprises, plans to develop a 48-unit luxury project on the site of a former garage that they bought less than a year ago for $24 million.
Read MoreHAVE YOU HEARD
June 22, 2015ARCHITECT Karl Fisher has been tapped to design a new Upper East Side condominium. Wonder Works picked the noted New York City architect to design its luxury 21-story building at 302 East 96th Street. “We hired Fischer because we want this building to reflect the ultimate high-end design to serve an underserved market with affordable luxury,” said Eric Brody, principal of Wonder Works. The development team includes a partnership with Daniel Figotin’s Fimida Enterprises, Daniel Minkowitz’s Mink Development and Forbes Development. “The project is going to stand out in this neighborhood where there is a high demand for new condo construction,” said Figotin.
Read More21-Story Condominium Building Revealed At 302 East 96th Street, Upper East Side
June 15, 2015In May, YIMBY reported on filings for a 21-story, 48-unit condominium building at 302 East 96th Street, on the northern edge of the Upper East Side. Now Curbed has a rendering of the mixed-use project, which is being developed by Wonder Works Construction, Fimida Enterprises and Mink Development. Amended in June, filings now show the building measuring 75,395 square feet, and a 2,185 square-foot retail portion is planned. Units will average 1,525 square feet, and Karl Fischer is designing. Demolition filings for the existing three-story parking structure were filed in April.
Read MoreSELLING POINTS
April 8, 2015Wonder Works Development Group, Forbes Development LLC, Mink Development and Fimida Enterprises have acquired 302 East 96th Street, a three-story parking garage, near the corner of Second Avenue, with plans to construct a new 21-story luxury condominium residence. The purchase price was $24 million. The developers plan to build a 48-unit, 75,000 s/f tower on the site. It will be one of the Upper East Side’s newest ground-up luxury condos north of 86th street.
Read MoreFrom Entertainment Guru to Real Estate Investor at FIMIDA Enterprises
April 2015Today, Figotin has put his passion, hard work and incredible network of contacts and relationships from all avenues to work in Fimida Enterprises, a real estate management, investment and development firm he founded in 2011 that he says, is focused on his "love of deal making and the desire to create worth out of nothing from profitable real estate investments."
Read MoreTHIS WEEK'S NY DEAL SHEET
March 31, 2015A JV between Wonder Works Development Group, Forbes Development, Mink Development and Fimida Enterprises paid $24M for 302 E 96th St, a three-story parking garage, with plans to construct a new 21-story luxury condo. Cushman & Wakefield’s Gideon Gil, John Spreitzer and Andre Haas repped the JV.
Read MoreNew Upper East Side condo in the works
March 31, 2015Wonder Works Development Group, Forbes Development LLC, Mink Development and Fimida Enterprises have acquired 302 East 96th Street, a three-story parking garage, near the corner of Second Avenue, with plans to construct a new 21-story luxury condominium residence.
Read MoreProfessional Profile: Daniel Figotin, 2015
March 24, 2015What do you do now and what are you planning for the future? I am the principle of Fimida Enterprises, a New York City-based real estate firm focused on expanding multifamily and mixed-use investment properties. I recently launched our development division and we have three projects underway.
Read MoreWonder Works, partners plan condo project on the UES
March 17, 2015The development arm of Joseph Klaynberg’s Wonder Works Construction, in partnership with Daniel Figotin’s Fimida Enterprises and Daniel Minkowitz’s Mink Development, just bought an Upper East Side parking garage and is looking to construct a 21-story condominium building on the site, The Real Deal has learned.
Read MoreMink, Fimida and Wonder Works Get Financing for UES Condo Project
March 11, 2015The joint venture plans to demolish a roughly 14,000-square-foot parking structure and build a nearly 65,000 multifamily tower on East 96th street, GlobeSt.com has learned EXCLUSIVELY.
Read MoreON THE SCENE
March 5, 2015Fimida Enterprises has expanded its Brooklyn portfolio with the recent purchase of a mixed-use building at 672 6th Avenue in South Slope /Greenwood Heights. The 3,300 sq. ft. corner building, with a ground floor grocery market and two, three bedroom rental apartments above, sold for $890,000. The purchase is the fourth recent acquisition in Brooklyn by Fimida Enterprises, a New York-based investment and management company that secured the contract before the sellers’ broker fully marketed the site.
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