The Real Deal New York

Thor picks up $48M mixed-use property on UWS

58-unit rental the latest of the firm’s recent building buys

July 28, 2014 03:15PM

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Thor's Joseph Sitt and 150 West 82nd Street

Thor’s Joseph Sitt and 150 West 82nd Street

Joseph Sitt’s Thor Equities is in contract to purchase a 10-story Upper West Side residential rental building for $42 million.

The 58-unit building at 150 West 82nd Street, located between Columbus and Amsterdam avenues, holds 34 market-rate and 24 rent-regulated units, Crain’s reported. The buy marks the latest in a string of recent mixed-use building purchases for Thor, which snapped up a pair of mixed-use buildings in Soho for $22 million in May and a 70-unit rental property at 838 West End Avenue on the Upper West Side with Rockwood Capital for $67 million that same month.

Thor declined to comment on the purchase to Crain’s. [Crain’s] Julie Strickland

  • chucka

    thor kills neighborhoods. sitt is a wort on communities

  • David Brown

    I guess I’m confused by the term “mixed use”. I always used it in regards to buildings with more than one function (i.e. one of plus another of office, residential, retail etc.). Here I see and read only residential but it is described as “mixed use”?

    • Brian Hughes

      There’s probably doctor’s offices within the building. A lot of the UES and UWS buildings are like that.

  • Real estate watchdog

    Congrats Veg, your killing it

  • Brian Hughes

    Wonder if TOWN will be getting the exclusive on these ;)

  • Auggie

    and Mann gets 33% kick back of the commission.

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