{"id":19016,"date":"2017-07-20T00:40:32","date_gmt":"2017-07-20T00:40:32","guid":{"rendered":"https:\/\/www.fadingad.com\/fadingadblog\/?p=19016"},"modified":"2017-07-20T00:40:32","modified_gmt":"2017-07-20T00:40:32","slug":"f-m-ring-associates-real-estate-fifth-avenue-flatiron-district-estelle-saltiel","status":"publish","type":"post","link":"https:\/\/www.fadingad.com\/fadingadblog\/2017\/07\/20\/f-m-ring-associates-real-estate-fifth-avenue-flatiron-district-estelle-saltiel\/","title":{"rendered":"F.M. Ring Associates Real Estate &#8211; Fifth Avenue &#8211; Flatiron District &#8211; Estelle Saltiel"},"content":{"rendered":"<div style=\"width: 310px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/i0.wp.com\/www.fadingad.com\/blog\/guests\/pardo-fades\/fm-ring-close.jpg?resize=300%2C428\" width=\"300\" height=\"428\" \/><p class=\"wp-caption-text\">\u00a9 Estelle Saltiel<\/p><\/div>\n<div style=\"width: 595px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/i0.wp.com\/www.fadingad.com\/blog\/guests\/pardo-fades\/fm-ring.jpg?resize=580%2C773\" width=\"580\" height=\"773\" \/><p class=\"wp-caption-text\">\u00a9 Estelle Saltiel<\/p><\/div>\n<div style=\"width: 595px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/i0.wp.com\/www.fadingad.com\/blog\/guests\/pardo-fades\/fm-ring-back.jpg?resize=580%2C773\" width=\"580\" height=\"773\" \/><p class=\"wp-caption-text\">\u00a9 Estelle Saltiel<\/p><\/div>\n<p>High up above the Flatiron District loom several hand painted signs advertising an obscure real estate firm with a eccentric past.<\/p>\n<blockquote><p><em>Frank Ring and his brother Michael inherited 15 office buildings &#8211; but the brothers could never agree on what to do with the properties. It\u2019s a real-estate mystery: In a city where studios sell for millions, why are more than a dozen prime Manhattan properties going to waste?<\/em><\/p>\n<p><em>Frank and Michael Ring inherited 15 office buildings worth $500 million after their father died. But instead of cashing in on the family fortune, they\u2019ve left most of the valuable real estate vacant.<\/em><\/p>\n<p><em>The empire, mainly buildings in and near the Flatiron District, was put together by Leo Ring. When he died in 1988, Frank became the portfolio\u2019s manager. Each brother owned a 50 percent stake, but they could never agree on what to do with the properties.<\/em><\/p>\n<p><em>Little is known about the Ring Brothers, who live in multimillion-dollar co-ops on the Upper East Side.<\/em><\/p>\n<p><em>Frank\u2019s management firm, F.M. Ring Associates, is headquartered at 212 Fifth Ave., a mostly vacant, 21-story tower overlooking Madison Square Park. An employee told The Post that Frank, 67, would accept questions only via fax.\u00a0<\/em>&#8211; Kate Briquelet\/Real Deal Magazine &#8211; October 6, 2013 | 5:46am<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>High up above the Flatiron District loom several hand painted signs advertising an obscure real estate firm with a eccentric past. Frank Ring and his brother Michael inherited 15 office buildings &#8211; but the brothers could never agree on what to do with the properties. It\u2019s a real-estate mystery: In a city where studios sell [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2757,1871,690,1278],"tags":[],"class_list":["post-19016","post","type-post","status-publish","format-standard","hentry","category-estelle-saltiel","category-flatiron-district","category-guest-contributor","category-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pXBbJ-4WI","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/posts\/19016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/comments?post=19016"}],"version-history":[{"count":1,"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/posts\/19016\/revisions"}],"predecessor-version":[{"id":19017,"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/posts\/19016\/revisions\/19017"}],"wp:attachment":[{"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/media?parent=19016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/categories?post=19016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fadingad.com\/fadingadblog\/wp-json\/wp\/v2\/tags?post=19016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}