Juice Press chairman Michael Karsch and wife buy San Remo unit

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

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.

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