The Real Deal New York

Thor residential unit closes on second buy, to pay $67M

Sitt's firm purchases 838 West End Avenue from Zauderer family

May 08, 2014 08:30AM

838-west-end

Steven Vegh and 838 West End Avenue

Joseph Sitt’s Thor Equities and Rockwood Capital closed on the acquisition of an Upper West Side rental property for $67 million.

As of March, the buyers were in contract for the Zauderer family’s 70-unit, 108,000-square-foot complex at 838 West End Avenue, as The Real Deal reported. Westwood Realty Associates’ Steven Vegh brokered the deal.

This marks the second deal for Thor’s new residential division. The company closed on two rental buildings at 120 and 125 Riverside for a combined $85 million from long-term owners in March, as previously reported. [NYO]Mark Maurer

3 Responses to “Thor residential unit closes on second buy, to pay $67M”

  1. May 08, 2014 at 9:21 am, Tal said:

    Congratulations steven!!
    Great job..

    • May 08, 2014 at 10:15 am, WORK SO HARD said:

      not worth it

  2. May 08, 2014 at 10:24 am, wondering said:

    seems cheap per foot…

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