Michael Lorber & Howard Lorber Acquire Commercial Property On Park Avenue For $7.4M

Douglas Elliman broker Michael Lorber, son of Elliman chair Howard Lorber, and his husband purchased a co-op at 730 Park Avenue in Lenox Hill, Manhattan for $7.4 million. The property, located at 730 Park Avenue, is a commercial asset.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $7,400,000
• Address: 730 Park Avenue, Lenox Hill, Manhattan
• Buyer: Michael Lorber & Howard Lorber
• Seller: Edward Minskoff
• Brokers: Burt Savitsky - Brown Harris Stevens & Madeline Hult Elghanayan - Douglas Elliman

Michael Lorber and his husband acquired the property at a discounted price of $7.4 million, which is $10 million less than its listing price two years ago.