The Real Deal New York

Thor Equities to buy 15,900-square-foot Upper East Side home

Joe Sitt: “Townhouse is perfect for anyone wishing to catch the eye of Manhattan’s elite”

May 15, 2014 04:15PM

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From left: 36 East 61 Street and Joe Sitt

From left: 36 East 61 Street and Joe Sitt

Thor Equities is buying a townhouse at 36 East 61st Street in a deal that is supposed to close this summer, in a move that is reportedly unusual for the real estate development firm.

Thor declined to disclose the contract price for the seven-story 15,900-square-foot townhouse to the New York Observer, but similar buildings in the neighborhood have recently gone for between $25 and $35 million. A Thor spokesman said that the seller is a high-net worth family. The building will serve as office space, according to the Observer.

“The Upper East Side remains the pinnacle of New York City luxury,” Joseph Sitt, Thor Equities’ CEO, told the Observer in a statement. “This beautiful, ideally located townhouse is perfect for anyone wishing to catch the eye of Manhattan’s elite.”  [NYO] — Claire Moses

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