United American principal picks up Lenox Hill co-op for $6.5M

Unit spans entire fourth floor of 857 Fifth Ave.

New York /
Jul.July 11, 2017 01:45 PM

Albert Laboz, co-principal at United American Land TRData LogoTINY, just scooped up a co-op unit in Lenox Hill for $6.5 million.

The four-bedroom pad spans the entire fourth floor of 857 Fifth Avenue, a 21-story building between 67th and 68th streets. Laboz and his wife purchased the unit from the family trust of Judith and Frank Sullivan, according to documents filed with the city’s Department of Finance on Tuesday.

Laboz didn’t immediately return a call seeking additional information.

The unit, which overlooks Central Park and Fifth Avenue, was last listed for $6.9 million, according to StreetEasy. Donna Olshan of Olshan Realty represented Laboz. Mark and Carol Cohen of Brown Harris Stevens represented the seller. Mark told The Real Deal on Tuesday that he grew up in the building in the unit below the fourth-floor co-op. His family was long-time friends of the Sullivans.

United American is a family-owned real estate development company, headed by Laboz and his two brothers. The company owns and manages over 50 properties in Manhattan, Queens and Brooklyn, including the retail condo portion of 655 Sixth Avenue. In October, the company picked up development sites in Soho for $28 million.

(To view more of United American Land’s commercial sales transactions, click here)


Related Articles

arrow_forward_ios
Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor)

Former J. Crew CEO Mickey Drexler sells Idaho estate

Former J. Crew CEO Mickey Drexler sells Idaho estate
Singapore (iStock)

Singapore luxury market rebounds despite fewer foreign buyers

Singapore luxury market rebounds despite fewer foreign buyers
(iStock)

Mortgage requests surge ahead of Thanksgiving

Mortgage requests surge ahead of Thanksgiving
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

Home insurance startup Hippo raises $350M

Home insurance startup Hippo raises $350M
Prices increased 6.6 percent year-over-year in September (iStock)

US home prices surged 6.6% in September

US home prices surged 6.6% in September
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
176 North 6th Street and 16 South Portland Avenue in Brooklyn (StreetEasy; Google Maps)

Brooklyn luxury market surges with nearly $73M in contracts

Brooklyn luxury market surges with nearly $73M in contracts
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...