The board of the Apthorp is trying to foreclose on a combined seventh-floor apartment that’s currently listed for nearly $50 million. It says the owner has racked up more than $928,000 in unpaid condo fees.
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The Board of Managers of the Apthorp Condominium filed the lawsuit in Manhattan Supreme Court on October 16. The defendant is 2211 Broadway FGH LLC, which owns Units 7F, 7G and 7H at the landmarked building at 2211 Broadway, also known as 390 West End Avenue. Avrahom and Cara Egert are also named as defendants. The complaint describes them as the LLC’s managers or managing members.The complaint says the three units have been physically combined into a single home, but the condo still bills each one separately. Monthly common charges, the condo version of maintenance, currently total about $14,750 across the three units. The board says that as of October 1, the LLC owed $293,322 on 7F, $326,136 on 7G and $309,247 on 7H. That’s a combined $928,705, including late fees and interest. The building’s bylaws let the board charge 1.5% interest per month on unpaid balances. The complaint doesn’t say when the payments stopped.
Units 7G and 7H are now on the market as Residence 7GH for $49,995,000 with Michael Lorber and Alexander Boriskin of Douglas Elliman. The listing appears to include 7F as well. Its monthly common charges, $14,872, closely match the lawsuit’s figure for all three units. The listing went up on September 25. It describes an 8,400-square-foot home with seven bedrooms, seven full bathrooms and two powder rooms. According to the listing, the home has never been lived in since a redesign by Katherine Newman Design.
The board recorded liens against all three units in March, when the balance stood at roughly $821,000, according to the lawsuit. On April 2, it sent the 90-day foreclosure notices that state law requires. The complaint says the LLC still hasn’t paid.
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The board is asking the court to order the apartment sold as a single property, since the units can no longer be sold separately, and to use the proceeds to cover what it’s owed. It’s also seeking a money judgment of at least $928,705 plus interest, along with at least $50,000 in legal fees.The complaint also says the Egerts transferred the three units to the LLC in June 2020 for no payment, and that the LLC held them for the couple’s benefit. The board makes that claim “upon information and belief,” a legal phrase meaning it believes the claim is true but hasn’t confirmed it. City property records show the Egerts bought Unit 7G for $5.4 million in 2015.
ILTUWS has emailed Lorber and Boriskin to clarify whether the listing includes 7F. We’ll update this story if we hear back.
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