Stonehenge, Fisher in bid for Park Columbus

Yair Levy and Park Columbus

Two bidders, Ofer Yardeni’s Stonehenge Partners and the Fisher Bros., are competing to pony up around $50 million and walk away from bankruptcy court with Yair Levy’s Park Columbus, the troubled condominium conversion at 101 West 87th Street, according to the Post. The 95-unit building is being sold in bankruptcy court by Eastdil Secured’s Douglas Harmon and Adam Spies after Levy filed for Chapter 11 bankruptcy in a last-minute attempt to avert foreclosure last year. Other bidders had included Area Property Parnters, Rockpoint Group and Brack Capital before the list was whittled down to the final two. Levy bought the former Related Companies rental building, then called Columbus Green, for $42.5 million as part of a $165 deal that included 225 Rector Street but fell short on cash amid his plan to empty out the rental apartments and add 40,000 square feet for luxury condos. [Post, 3rd item]