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

Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium

Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder

Clockwise from top left: John Gomes, Ronita Kalra, Eric Beniam and McKenzie Ryan (Credit: Getty Images, iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years