The board overseeing the Apthorp condominium has filed suit to foreclose on a combined seventh-floor apartment currently listed for nearly $50 million, alleging the owner has racked up more than $928,000 in unpaid common charges. The target is a sprawling, never-lived-in residence stitched together from three separate units at the storied Upper West Side building, and the board wants a judge to force a sale.
The Board of Managers of the Apthorp Condominium filed the lawsuit in Manhattan Supreme Court on October 16 against 2211 Broadway FGH LLC and Avrahom and Cara Egert, according to iLovetheUpperWestSide.com. The LLC owns Units 7F, 7G and 7H at 2211 Broadway, also known as 390 West End Avenue, the outlet reports. The three apartments have been physically combined into a single home, but the condominium still bills each one separately, with monthly common charges totaling about $14,750 across all three units.
A Nearly $929,000 Tab, Unit by Unit
As of October 1, the LLC owed $293,322 on Unit 7F, $326,136 on Unit 7G and $309,247 on Unit 7H, per the complaint as described by the same outlet. That adds up to a combined $928,705, including late fees and interest. The board recorded liens against all three units in March, when the balance stood at roughly $821,000, and sent the 90-day foreclosure notices required under state law on April 2, the report states.
The condo's bylaws allow the board to charge 1.5% interest per month on unpaid balances, a detail that helps explain how the debt climbed from roughly $821,000 in March to nearly $929,000 by October. The complaint reportedly does not specify when the payments stopped.
Board Wants the Combined Unit Sold as One
Because the three apartments have been merged into a single residence, the board argues they can no longer be sold off separately and is asking the court to order the entire property sold as one, with proceeds applied to the amount owed. The board is seeking a money judgment of at least $928,705 plus interest, along with at least $50,000 in legal fees, the outlet reports.
The complaint also alleges that the Egerts transferred the three units to the LLC in June 2020 for no payment, and that the LLC has held them for the couple's benefit ever since. City property records cited by the outlet show the Egerts bought Unit 7G for $5.4 million in 2015.
The $50 Million Listing at the Center of the Case
Units 7G and 7H are currently on the market together as Residence 7GH, asking $49,995,000, with the listing appearing to include Unit 7F as well, according to iLovetheUpperWestSide.com. offthemrkt.com separately reports that Residence 7GH at 390 West End Avenue is listed for $49,995,000. The listing went up on September 25 and describes an 8,400-square-foot home with seven bedrooms, seven full bathrooms and two powder rooms.
According to the listing, the home was transformed with interiors by Katherine Newman Design and has never been lived in since the redesign, a detail echoed by offthemrkt.com's report that the residence has never been occupied. The listing is being marketed by Michael Lorber and Alexander Boriskin of Douglas Elliman, per the same outlet's reporting.
iLovetheUpperWestSide.com says it emailed Lorber and Boriskin seeking clarification on whether the listing does in fact include Unit 7F, and plans to update its story if either broker responds. The current procedural status of the foreclosure case has not been reported.
