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

Unit spans entire fourth floor of 857 Fifth Ave.

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

857 Fifth Avenue and Albert and Renee Laboz (Credit: Getty Images)

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

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report