Thor in contract for two Riverside Drive apartment buildings

New York /
Dec.December 18, 2013 03:05 PM

Thor Equities’ residential division is in contract to purchase two Upper West Side apartment buildings for more than $80 million.

The two properties, located at 120 and 125 Riverside Drive at West 84th Street, have a total of 93 units between them, the New York Post reported. No. 120 was constructed in 1907 and stretches nine stories tall, while 125 Riverside, built the same year, is 12 stories. Together, the two buildings span more than 135,000 square feet, according to PropertyShark data.

Thor’s Joseph Sitt partnered with Alan Klein and Jonathan Fishman, both formerly of Stonehenge Partners, to launch Thor Equities’ new residential division in October. Though the firm currently owns a stake in brokerage TOWN Residential, the move was otherwise a first for the company, which has over 15 million square feet of space in cities around the world.

The Steven Vegh of Westwood Realty Associates represented both sides in the deal, a source told The Real Deal.

Thor did not return the Post’s request for comment. [NYP, 4th item] Julie Strickland


Related Articles

arrow_forward_ios
79 Clifton Place, 80-01 37th Avenue, 45 East Mosholu Parkway North (LoopNet, Google Maps)
Residential dealmakers storm city’s investment sales market
Residential dealmakers storm city’s investment sales market
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
arrow_forward_ios

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

Loading...