Manocherian Brothers and its sister company, Pan Am Equities, are companies owned by the Manocherian family that invest in real estate, primarily multifamily properties on the Upper East Side of Manhattan in New York City.[1]

Buildings owned by the family include One Astor Place, 210 Fifth Avenue, 201 East 12th Street, and Empire House (located at 200 East 71st Street). The family also owns The Langham.[2]

The Manocherian Brothers have also been involved in multiple lawsuits regarding their disagreements with long-standing New York City rent stabilization laws. In one, they attempted to evict hospital workers from employee housing apartments that they had leased to Lenox Hill Hospital, in order to increase rents. They lost.[3]


History

The company was founded by brothers Manoocher, Amir, Eskandar, and Fraydun Manocherian, who came from a well‐to‐do Iranian family and immigrated to the United States in the 1930s.[1][4]

In 2012, a subsidiary of the company acquired the Bond Building in Washington, D.C. for $22 million.[5]

References

  1. ^ a b "Manocherian Brothers". The Real Deal.
  2. ^ "Postings: Marquee Restoration; A Brighter Look for the 1906 Langham". The New York Times. July 14, 1991.
  3. ^ "Manocherian v. Lenox Hosp". Justia Law. Retrieved June 29, 2024.
  4. ^ Oser, Alan S. (January 6, 1978). "About Real Estate". The New York Times. ISSN 0362-4331. Retrieved May 15, 2020.
  5. ^ Sernovitz, Daniel J. (February 24, 2012). "New York landlord acquires the District's Bond building". American City Business Journals.
Allikas: Https://en.wikipedia.org/wiki/Manocherian_Brothers
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