Merchants Bank puts Abraham Leifer’s former Midtown conversion on the market

Merchants Bank is looking to unload a Midtown apartment building that was caught in a three-year foreclosure battle with troubled landlord Abraham Leifer. The bank, which took over the 39,000-square-foot building at 19 West 55th Street in July in a foreclosure sale, is eyeing a sale price in the low $20 million range. CBRE’s Dan Kaplan was tapped to market the property. The vacant nine-story building between Fifth and Sixth avenues was built in 1920. Leifer was planning a conversion to luxury condos when Merchants Bank sued his Aview Equities in March 2023, seeking foreclosure following a string of forbearances. […]

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