Juice Press chairman Michael Karsch and wife buy San Remo unit

The pair paid $4.3M for the Central Park West apartment

TRD New York /
Jun.June 01, 2018 03:03 PM

Michael Karsch and San Remo at 145 Central Park West (Credit: Getty Images)

Michael Karsch, the chairman of health food chain Juice Press, needs movers. But they won’t have to go far.

The hedge-fund-manager-turned-juice-king and his wife Erica purchased apartment 9F at the San Remo for $4.3 million, according to property records filed this week. The unit is adjacent to 9E, which Karsch already owns.

The three-bedroom, three-bathroom co-op at 146 Central Park West is lined with flower-patterned wall paper, but lacks direct views of Central Park. Brown Harris Stevens’ Lisa Lippman and Scott Moore initially put the home on the market in October 2016 for $5.75 million, but after several price cuts, the two pulled the listing in July. The agents were not involved in the ultimate sale, according to a spokesperson for the firm.

The seller was Pauline Greenberg, a Los Angeles resident. Neither party could be reach for comment Friday.

The Karschs have been married since 2002, according to a wedding announcement in the New York Times. At the time, Michael headed his own hedge-fund, Karsch Capital Management, which later grew to be worth $3.4 billion in 2009.

Karsch ate junk food for most of his life before he was told by a doctor at age 40 that if he kept up his eating habits, he might drop dead at 50, according to a profile in the Wall Street Journal. The change led him to invest in Juice Press in 2012, then a small New York chain that sold healthy foods. He bought out one of the company’s co-founders and became its first chairman. There are now over 70 stores across the country.

The iconic, 138-unit San Remo was built in 1930 as the first twin-tower structure in New York. Emery Roth designed the 27-story building.

It has attracted some bold listings and well-known tenants. Last year, Demi Moore made a record sale within the building with penthouse 26C for $45 million. She took a massive price cut after initially listing the south tower apartment for $75 million. Her ex-husband, Bruce Willis, bought the triplex, which has its own private elevator, for $7 million more than 25 years ago.


Related Articles

arrow_forward_ios
Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report

arrow_forward_ios