The Post reports that after a drawn out process The Apthorp saga is winding down with the first closings."We expect to close more than $100 million of deals in the first six weeks of closings." are the words of Prudential Douglas Elliman superbroker Dolly Lenz. The Upper West Side landmark and mammoth rental to condo conversion was purchased for $246 Million in 2007. The developers can't be anything less than thrilled about this after the threats from tenants and fears of foreclosure.
·$100M in Apthorp condo closings expected [NY Post]
·Apthorp Coverage [Curbed]