Manocherian Brothers

Manocherian Brothers
Privately held company
Area served
 New York
Website manocherianbrothers.com

Manocherian Brothers, and its sister company, Pan Am Equities, are companies owned by the Manocherian family that invest in real estate, primarily tenements on the Upper East Side on First and Second Avenue.[1]

Other buildings owned by the family include One Astor Place, 210 Fifth Avenue, 201 East 12th Street, Empire House (located at 200 East 71st Street), New York Tower at East 39th Street, the Caroline at 60 West 23rd Street, and New York Plaza at 2 Water Street. The family also owns the New York Health & Racquet Club. The family has also owned The Langham.[2]

History

The company was founded by brothers Amir, Eskandar, and Fraydun Manocherian, immigrants to the United States from Iran.[1]

In 2012, a subsidiary of the company acquired the Bond Building in Washington, D.C. for $22 million.[3]

References

  1. 1 2 "MANOCHERIAN BROTHERS". The Real Deal.
  2. ↑ "Postings: Marquee Restoration; A Brighter Look for the 1906 Langham". The New York Times. July 14, 1991.
  3. ↑ Sernovitz, Daniel J. (February 24, 2012). "New York landlord acquires the District's Bond building". American City Business Journals.
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