Thor sells UES commercial townhouse for $32M

Buyer appears to be tied to French oil dynasty

TRD New York /
Jul.July 28, 2017 12:55 PM

Joe Sitt’s Thor Equities sold its Upper East Side commercial townhouse for $32 million, property records filed with the city Friday show.

The 26-room, limestone and brick property at 36 East 61st Street sold at a 13 percent discount to the $36.9 million asking price it had when it hit the market back in April.

A representative for Thor wasn’t immediately available for comment. Broker Matthew Lesser of Leslie J. Garfield, who had the exclusive listing, declined to comment.

The buyer is an LLC with an address in London that appears to be tied to the wealthy Perrodo oil family’s energy company Perenco S.A.

Thor bought the property in late 2014 for $27 million. The 15,900-square-foot building, between Madison and Park avenues, is zoned for commercial use and was fully leased when it hit the market a few months ago.

Thor put the building on the market soon after HNA Group bought art heir David Wildenstein’s Upper East Side mansion for a record $79.5 million with plans to transform it into a boutique corporate office building.

The deal gave a shot of optimism about the city’s lagging townhouse market.

In its June issue, The Real Deal looked at how Thor was responding to the decline in Manhattan luxury retail.


Related Articles

arrow_forward_ios
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

Maison Kayser may bid New York adieu
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
The legislation from a City Council member introduced a bill to temporarily repeal the commercial rent tax for businesses during the Covid-19 state of emergency. (Getty, iStock)

Commercial rent tax cut introduced in City Council

Commercial rent tax cut introduced in City Council
Michael Rudder, James Nelson, 141 Wooster Street and 633 Third Avenue (Google Maps)

The Outlook: Industry experts break down Manhattan’s office condo market

The Outlook: Industry experts break down Manhattan’s office condo market
Peter Nicoletti and Colliers' David Amsterdam

Colliers taps JLL’s Peter Nicoletti to lead capital markets

Colliers taps JLL’s Peter Nicoletti to lead capital markets
City Council member Keith Powers (Getty)

Pol, biz groups: Suspend rent tax, extend outdoor dining

Pol, biz groups: Suspend rent tax, extend outdoor dining
Only 9 percent of workers had returned to Midtown and 8 percent to Downtown. (iStock)

Where is everybody? City workers still home

Where is everybody? City workers still home
arrow_forward_ios

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

Loading...