Thor asks 100 percent mark-up on UES townhouse

New York /
Mar.March 09, 2012 11:00 AM

A neo-French Renaissance-style townhouse property at 60 East 66th Street owned by Thor Equities has hit the market for $20.75 million, more than twice what Thor paid for it in 2010, according to Streeteasy.com.

The five-bedroom, five-bathroom property, the ground floor of which is currently occupied by the Adam Baumgold Gallery, an art showroom selling 20th century, post-war and contemporary art including such artists as Grosz, Magritte, Picasso, Steinberg and Warhol, is listed with Danny Davis, Ginger Brokaw and Patty LaRocco of Town Residential.

“It’s no secret that the townhouse market in the Upper East Side’s most prime locations is stronger than ever, and we have been working closely with leading architecture and design firms on truly magnificent plans for this one-of-a-kind mansion,” said Brokaw, a senior vice president at Town.

A spokesperson for the gallery said she was not sure where the gallery would move if the townhouse finds a buyer, though the gallery has another New York City location at 40 East 75th Street. The terms of its lease were not clear.

Thor purchased the property in 2010 for $9.2 million, according to public records. A part of the townhouse was once owned by power broker Joanna Cutler of Joanna Cutler Real Estate, who marketed it herself at the time as “an ideal opportunity for conversion to a single-family home one block from Central Park and Fifth Avenue,” according to a previous listing. She declined to comment on the new listing price.

Designed in 1906 by Harde & Short and designated a New York City Landmark in 1977, the home features a round-arched entrance and three arched windows at the second story as well as an iron balcony.

Thor did not respond to a request for comment.


Related Articles

arrow_forward_ios
Thor facing pre-foreclosure suit at 470 Broadway, sale of 115 Mercer
Thor facing pre-foreclosure suit at 470 Broadway, sale of 115 Mercer
Thor facing pre-foreclosure suit at 470 Broadway, sale of 115 Mercer
Thor Equities' Joe Sitt and 24 West 40th Street (Rudder Property Group)
Thor Equities sells Bryant Park office condo to Chinese firm for $11M
Thor Equities sells Bryant Park office condo to Chinese firm for $11M
Powerful New York real estate firms and families, including Douglas Durst and Bill Rudin, have donated money to Eric Adams (Getty / Photo Illustration by The Real Deal)
Eric Adams’ cup runneth over with real estate cash
Eric Adams’ cup runneth over with real estate cash
Thor Equities’ Joe Sitt and 933 Broadway (Thor)
Thor Equities can keep $1.2M deposit on failed 933 Broadway sale: judge
Thor Equities can keep $1.2M deposit on failed 933 Broadway sale: judge
470 Broadway and Thor Equities' Joe Sitt (Thor Equities)
Valuation of Thor Equities’ 470 Broadway slashed
Valuation of Thor Equities’ 470 Broadway slashed
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Jeff Bezos of Amazon, Joe Sitt of Thor Equities and an aerial of the Red Hook site. (Getty, Thor, Google Maps)
Thor Equities nabs financing for Amazon warehouse in Red Hook
Thor Equities nabs financing for Amazon warehouse in Red Hook
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)
Thor’s $150M loan on 597 Fifth heads to special servicing
Thor’s $150M loan on 597 Fifth heads to special servicing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...