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As the Apthorp Turns

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A piece of the Apthorp ownership dramz has reached a conclusion (for the moment). The building's owners, including Africa Israel USA, have ceded control of the building to lender Area Property Partners. The building has a new board of managers, and it still doesn't include any unit owners. They wont' get a seat on the board until more than 50 percent of the building has sold or until July 2015, whichever comes first. We have our own bet as to which will come first. [Real Deal; previously]

Apthorp Building

390 West End Avenue, New York, NY 10023