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Africa Israel Investments

229 W 43rd Strett #10
New York, NY 10036
(212) 205-1400
Website
[email protected]

Africa Israel Investments is an international holdings and investment group with a major focus on real estate. The group, which was founded in 1934 and is today run by diamond-industry billionaire Lev Leviev, includes a number of publicly traded entities, including AFI Development Russia, which focuses on development in that country. In the United States, AFIs real estate focus began in 2002 when it founded a group in New York City. AFI owns the New York Times Building and the APTHORP residential building, as well as the iconic Clock Tower building at 5 Madison Avenue. AFI is also active in Miami, Los Angeles, and several other U.S. cities.   During the real estate boom, AFI was considered one of the most aggressive purchasers of U.S. commercial real estate, nabbing a number of trophy properties in Manhattan and Miami. After the economic downturn, it sold off pieces of those trophies and a number of land parcels in Florida, which was among the hardest-hit states during the housing market collapse. AFI also had troubles in Russias real estate market, posting losses during the same period. The company also gained some notoriety in 2010 when Norway banned AFI and its subsidiaries after the firms role in Israeli settlement construction was revealed.

Africa Israel Investments, Chairman
229 W 43rd St #10, New York, NY, (212) 205-1400
Lev Leviev is the chairman and controlling shareholder of Africa Israel Investments, a...
  • Event Sales
  • Building Name The Apthorp
  • Address 2207 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 213,000,000
notes
Lev Leviev bought a 50 percent interest in the 445,000-square-foot building from Mann Realty Associates, which purchased the property for $426 million in November. The price equates to $2.4 million per unit. The Apthorp will now be converted to condominiums, though Mann's earlier plans were to continue to operate the building as a rental. More than half of the units are rent-stabilized. Includes 390 West End Avenue.