Thor Equities’ residential division is in contract to purchase two Upper West Side apartment buildings for more than $80 million.
The two properties, located at 120 and 125 Riverside Drive at West 84th Street, have a total of 93 units between them, the New York Post reported. No. 120 was constructed in 1907 and stretches nine stories tall, while 125 Riverside, built the same year, is 12 stories. Together, the two buildings span more than 135,000 square feet, according to PropertyShark data.
Thor’s Joseph Sitt partnered with Alan Klein and Jonathan Fishman, both formerly of Stonehenge Partners, to launch Thor Equities’ new residential division in October. Though the firm currently owns a stake in brokerage TOWN Residential, the move was otherwise a first for the company, which has over 15 million square feet of space in cities around the world.
The Steven Vegh of Westwood Realty Associates represented both sides in the deal, a source told The Real Deal.
Thor did not return the Post’s request for comment. [NYP, 4th item] – Julie Strickland