Michael Besen sues partner Amit Doshi

Brokerage founder claims top exec mismanaged firm, investment properties

TRD New York /
May.May 31, 2018 01:35 PM

Michael Besen and Amit Doshi (Credit: Besen Group and Getty Images)

There’s a feud brewing at the very top of one of New York’s most active commercial firms.

Besen & Associates founder Michael Besen is suing his partner Amit Doshi for $10 million, claiming he’s mismanaged the brokerage and several investment properties they own together.

Besen alleges Doshi, executive director of the investment sales-focused brokerage, breached his fiduciary duty to the firm and half-a-dozen multifamily properties they co-own, according to a summons filed in Manhattan Supreme Court Thursday.

Neither Besen nor Doshi immediately responded to requests for comment.

Details in the filing are scarce, but Besen is asking the court to bar Doshi from accessing one of the brokerage’s operating accounts, and to detail how he used its funds. Besen is also asking the court to put their various business interests in receivership, and to compel Doshi to refinance mortgages on various properties.

Doshi, who joined Besen & Associates in 1989, a year after it was founded, is one of the top multifamily sales brokers in the city. Besen & Associates placed ninth on The Real Deal’s most recent ranking of New York’s top investment-sales firms, based on dollar volume of closed sales. It brokered $631.1 million worth of deals in 2017.

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