Lenz asks $12M for Mann’s Apthorp pad

New York /
Feb.February 19, 2010 12:21 PM

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


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