Rose Associates Wins Management Contracts for Two Luxury Co-Ops in Manhattan

NEW YORK CITY-Co-op boards in two Manhattan luxury buildings have selected Rose Associates Inc. as managing agent. “Both of the buildings had been with prior agents for a long period of time and we consider it very complimentary that the boards have selected Rose Associates,” says Paul J. Herman, a managing director with Rose.

One Fifth Avenue, a 189-unit Art Deco building originally constructed in 1927, was converted to a co-op in 1975. Originally built as a hotel, the 27-story structure was designed by Helme & Corbett with Sugarman & Berger. It features a full array of first class amenities including a doorman and a full service restaurant on the first floor. “It’s one of the best co-ops in the Village,” Herman says.

The other building, known as the Morad Beekman, is located at 420 E. 51st St. It was constructed in 1962 and converted to a co-op in 1970. The 15-story white-brick building has a black polished granite entrance surround leading to a doorman-attended lobby. The building, which has a garage and roof deck, features numerous first-class amenities.