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

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

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.

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