In both real estate and art circles Aby Rosen’s reputation precedes him. The 48-year-old, silver-haired Rosen is a legendary art collector and boldfaced name who has successfully parlayed his flashy style and social status into a hefty real estate portfolio anchored by the iconic Lever House and Seagram Building — both on Park Avenue.
Until recently, Rosen has methodically placed smart bets, buying low and then upgrading his buildings and turning them into some of the most exclusive properties in New York. But now the realities of the economy appear to have dragged even the larger-than-life Rosen back to reality. Read the full story from the August 2009 issue after the jump.