Steve Kassin, Xerxes take over 587 Fifth Avenue leasehold

After a four-year legal battle, 587 Fifth Avenue finally has a new owner. Steve Kassin’s Infinity Real Estate quietly took a majority stake in the 10-story, 41,652-square-foot building’s leasehold for an undisclosed price at the end of 2016, according to sources, with Xerxes Group and Elyass Eshagian holding a minority interest. Eshagian previously owned the leasehold in partnership with Asher Zamir, but the partners fell out in the wake of the building’s botched sale to […] Read More >>