The Real Deal New York

Posts Tagged ‘390 west end avenue’

  • Lenz asks $12M for Mann’s Apthorp pad

    February 19, 2010 12:21PM

    The Apthorp and Dolly Lenz

    High-end broker Dolly Lenz is quietly showing the apartment of developer Maurice Mann at the Upper West Side condominium conversion project the Apthorp, with a price tag of more than $12 million, sources said.
    Lenz has been giving tours of Mann’s apartment, unit 2C, in the building at 390 West End Avenue between 78th and 79th streets, which the embattled developer recently vacated, the sources said.
    Lenz had no comment and messages left with Maurice Mann’s office were not returned.
    Mann, general partner of investment and management company Mann Realty Associates, led a group of investors that purchased the Apthorp in 2007 for $426 million with the intention of converting it to condominiums. Mann was replaced as managing partner by Africa Israel, however the Feil Organization is the managing agent at the building. Mann and his company were sued in New York State Supreme Court in November 2009 for allegedly not paying $400,000 in commissions to the Manhattan brokerage Blue Rock Properties, that helped arrange financing for the acquisition. TRD [more]

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  • Former Africa Israel USA chief executive Rotem Rosen has been named
    president of Polar USA/HFZ Capital, The Real Deal has learned. Polar is a unit of Israel-based Polar-ZSG Group, a partnership formed
    by real estate investors Ziel Feldman, Tamir Sapir and Giron
    Development & Building Ltd., to buy distressed real estate. Rosen left Lev Leviev’s Africa Israel earlier this year amid increasing
    turmoil involving the Israeli billionaire’s global real estate
    holdings, which include the Apthorp, the controversial condominium
    conversion at 390 West End Avenue, and 20 Pine Street, a condo where
    Africa Israel wrested control from former partner Shaya Boymelgreen. [more]

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