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
Clockwise from left: Stefan Soloviev, Steve Cohen, Marc Holliday, Stephen Ross, Steven Roth, and Joseph Sitt (Illustration by Kevin Rebong for The Real Deal)
Going for the jackpot: A look at the high rollers competing to build NYC casinos
Going for the jackpot: A look at the high rollers competing to build NYC casinos
Illustration of Joseph Sitt (Illustration by The Real Deal; Getty; Thor)
Thor launches $3B “underdog” Brooklyn casino bid
Thor launches $3B “underdog” Brooklyn casino bid
Starwood's Barry Sternlicht and Thor Equities’ Joe Sitt with 470 Broadway (Getty, Thor Equities)
Thor unloads troubled 470 Broadway to Sternlicht’s LNR
Thor unloads troubled 470 Broadway to Sternlicht’s LNR
Thor Equities' Joseph Sitt (Joseph Sitt, Getty)
Thor completes hat trick of NJ industrial acquisitions
Thor completes hat trick of NJ industrial acquisitions
9/11 Tribute Museum co-founder Jennifer Adams-Webb and 92 Greenwich Street (Getty Images, 9/11 Tribute Museum)
Lower Manhattan’s 9/11 Tribute Museum shuts doors
Lower Manhattan’s 9/11 Tribute Museum shuts doors
212 Fifth Avenue, Thor's Joseph Sitt and Madison Equities CEO Robert Gladstone (Google Maps, Thor, Studio Scrivo)
Thor sues insurer over Bob Gladstone’s alleged theft from 212 Fifth
Thor sues insurer over Bob Gladstone’s alleged theft from 212 Fifth
Thor Equities’ Joe Sitt with 60 East 66th Street (Thor Equities Group, Leslie J. Garfield & Co)
Thor Equities still trying to sell Lenox Hill townhouse after 10 years
Thor Equities still trying to sell Lenox Hill townhouse after 10 years
From left: Bert H. Dweck and Joe Sitt with 790 Madison Avenue (
Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house
Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house
arrow_forward_ios

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

Loading...