Lincoln Sq. condo seeks to force sale of Ashkenazy, Gindi-owned retail units

By Adam Pincus

The Bel Canto condominium board at 1991 Broadway in Lincoln Square filed a suit yesterday seeking to foreclose on liens of common charges it alleges that are past due on condominium units owned by Ashkenazy Acquisition and the Gindi family. The board seeks the sale of the units, although taxes and the first lien mortgage are not extinguished in a sale.

Ashkenazy and the Gindi family partnered to buy the four condo units for $20.5 million in December 2013. Ashkenazy bought a 55 percent stake in the properties and the Gindi family a 45 percent stake, according to a PincusCo analysis of the December 2013 transfer records.

The most recent debt recorded against the property was a loan for $13 million recorded in 2016.

The board filed liens of common charges in July 2020 against the four units, totaling $55,429.
Another condominium, Philip House at 141 East 88th Street filed liens of common charges against Ashkenazy in August. Ashkenazy bought those six condo units in 2014 for $17 million.

Direct link to 1991 Broadway Acris document. link