The Real Deal New York

11-condo unit package sells at Sheffield57

July 23, 2009 02:03PM
By Adam Pincus

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Kent Swig and Sheffield57

An entity called OSS Real Estate Holdings paid $14.1 million for 11 upper-floor condominium units in the Sheffield57 condo conversion at 322 West 57th Street. 

The buyer went into contract for the units between the 33rd and 46th floors in April and closed July 21, city property records show. The apartments sold for $1,200 per square foot, an analysis of city records shows.

The managing member of OSS Real Estate Holdings is Edward Campanella, president of the Midtown-based construction management firm MBI Group. 

Sheffield57 developer Kent Swig of Swig Equities has been battling both personal and corporate lawsuits.

A spokesperson for Swig declined to comment and a representative for Campanella was not immediately available for comment.

The largest unit is a 1,599-square-foot apartment, while the smallest were two units with 615 square feet each.

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