In 2004, APF Properties capitalized on a contract dispute between the seller and an institutional buyer and within one week was able to execute a hard-money contract to buy 636 Avenue of the Americas for $29 million.

After leasing all vacancies, the firm was able to pay out an annual return of over 5% to its investors during its hold period. As the investment sales market improved in 2010, the firm sold this asset in a competitive process for over $45 million.