Yonkers Landlord Ben Ashkenazy Takes The Gindi Family To Court Over Century 12 Rent In Yonkers And For Damage They Are Doing To His Reputation

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Ben Ashkenazy, was born in Israel and grew up in Lawrence, Long Island. He entered real estate right after high school and continued while taking classes at Adelphi University. He did not complete college. Forbes magazine has ranked him as number 207 on its list of the Forbes 400 and placed his net worth at $3.8 billon.

According to a lawsuit the family behind ASG Equities (ASG) and the bankrupt Century 21 Department Stores (Century 21) is starving developer AAC Cross County Mall in Westchester, Ashkenazy Acquisition Corp. and founder Ben Ashkenazy. of cash for his pandemic-racked real estate empire and smearing his name in the industry,

Members of the Gindi family, who have partnered with Ashkenazy for years.

The lawsuit was filed in state Supreme Court in Manhattan.

Al Gindi, a high school dropout, and Sonny Gindi, Syrian American cousins from an émigré Jewish family, opened his first Century 21 Department Store in lower Manhattan in 1961.

And their retail and real estate empire had grown to stretch as far south as Florida and west to Philadelphia and Jersey.

After 60 years in business, and surviving even the 9/11 attacks on New York, East Coast off-pricer Century 21 moved to liquidate its 13 stores in Chapter 11 after it says COVID-19 crushed its business. 

Reportedly, the decision to file fthe century 21 bankruptcy follows nonpayment by the company’s insurance providers of approximately $175m due under policies put in place to protect against losses stemming from business interruption, such as that experienced as a direct result of the coronavirus (COVID-19) pandemic.

Concurrently, Century 21 has filed a lawsuit against several of its insurance providers based on their decision not to compensate the company for losses under the policies.

In bankruptcy, the retailer is looking to sell its IP. 

ASG Equities (ASG), headquartered in New York, is the family and real estate office of the Gindi Family.

Last month, the board of the Bel Canto Condominium on the Upper West Side of Manhattan sued to foreclose on liens totaling more than $55,000 worth of common charges unpaid by retail kings Ashkenazy Acquisition and the Gindi family, the owners of four commercial units. 

One year ago, the Vernon Hills Shopping Center in Eastchester was purchased by New York City-based Ashkenazy Acquisition Corp. (AAC) from Vernon Hills Shopping Center LLC at a price described as being more than $125 million in

In all of this Ben Ashkenazy is claiming that his good name and the Ashkenazy Acquisition business name is being smeared by the Gindi Family.