Published On: Fri, May 6th, 2016

Sitt splashes $120M on 71 units at Apthorp condo building

Thor Equities head paying $810 psf for sponsor units at historic UWS property

The-Apthorp The Apthorp on the Upper West Side (inset Joe Sitt)

 

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.

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.

Read the full story at The Real Deal, by Rey Mashayekhi

Read more about: , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems