Word: benenson
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Dates: during 1931-1931
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...Benenson Foreclosed. Grigori Benenson, rich Russian, had ambitions towards a monumental record in Manhattan real estate. For years he conducted quiet private operations. And, as president of New York Dock Co., he supervised the extensive real estate holdings of that company. Last winter he attempted to sell New York Dock some property on lower Broadway, started a battle in which he was defeated...
Last week it became clear why President Benenson wished to sell the property to New York Dock. Benenson City Terminal Co. was unable to meet a $2,451,000 bond maturity and a foreclosure was ordered. Under the auctioneer's hammer, wielded by ubiquitous Joseph Paul Day, went the 34-story Benenson office building at No. 165 Broadway, two adjacent parcels. The total winning bids were $23,775,779 or only $1,815,000 more than existing prior liens...