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

Albert Laboz, co-principal at United American Land [TRDataCustom], 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)