Joseph Sitt is reportedly picking up 71 sponsor units at the historic Apthorp condominium building on the Upper West Side for $120 million.
Sitt is paying $810 per square foot for the apartments at 390 West End Avenue, according to the New York Post – which would peg the total square footage of the 71 units being acquired at more than 148, 000 square feet.
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In addition to its storied history, the Apthorp also has a more checkered recent past. Billionaire Lev Leviev’s Africa Israel partnered with developer Maurice Mann to acquire the then-rental building for $426 million in early 2007 with plans for a condo conversion.
