Thor Equities is behind the major purchase
Developer Joseph Sitt has purchased 71 sponsor units in famed Upper West Side building, The Apthorp. Sitt's company, Thor Equities, dished out $120 million for the apartments, which translates to $810 per square foot. Buyers of individual units in the 161-unit building don't get off so easy—the average price per square foot for sold apartments in the full-block building at 390 West End Avenue is $2,710, according to StreetEasy.
The 1908-built building was purchased last in 2007 for $426 million, the Post reports (h/t Crain's).
- Apthorp units sold to Joseph Sitt for $120M [NYP]
- All Apthorp coverage [Curbed]
from
http://ny.curbed.com/2016/5/6/11608108/apthorp-apartments-thor-equities
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