Forbes 400 Exec Israel Englander Buys 1000 Park Avenue Co-op For $9.3M | NYC Co-op Apartment Sales
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Forbes 400 Exec Israel Englander Buys 1000 Park Avenue Co-op For $9.3M

Brooklyn-born hedge fund exec Israel Englander paid $9.3 million via a trust for a 10-room co-op apartment at 1000 Park Avenue.


The sellers were Suzanne Slesin and Michael Steinberg, a charming couple who have been married for more than 19 years.

Slesin and Steinberg had been trying to sell their Upper East Side co-op since October 2007, originally listing it for $10.5 million.

1000 Park Avenue, Upper East Side

Englander is the Chairman and CEO of Millennium Management, LLC, which owns the Millennium Partners hedge fund.

Millennium Partners says that it’s investment strategy is to:

have domestic and international funds that pool their assets in a single master fund, Millennium Partners, L.P., to allocate capital globally across a diverse set of strategies and asset classes.

The firm states that it’s investment practices include:

  • Relative Value Fundamental Equity
  • Statistical Arbitrage
  • Fixed Income
  • Merger Arbitrage
  • Closed-End Fund/Asset Arbitrage
  • Futures/Currency

In 2005 the SEC and then N.Y. Attorney General Eliot Spitzer accused Englander and his then Millennium Partners hedge fund of engaging in market timing.

A November 2005 Fortune magazine article alleged that unnamed sources “close to the case” maintained that Izzy Englander’s “settlement goes far beyond a lone trader behaving badly. This time the entire firm may be accused of securities fraud, and Englander himself could be charged with failure to supervise his brokers.: “There was systematic, organized, pervasive wrongdoing on a huge scale at Millennium,” claimed one of the sources.

Englander ultimately settled the matter and paying $30 million in civil penalties himself, without admitting or denying any of the allegations.

Englander’s Millenium Partners hedge fund also paid more than $121 million, and two management companies that Englander controlled paid almost $27 million in ciil penalties.

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