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
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
198 Washington Park in Fort Greene (Photos via Compass)

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week
24 Leonard Street Unit 2 and 443 Greenwich Street Unit 2G (Douglas Elliman, Compass, Google Maps)

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend
The National Association of Home Builders Housing Market Index reached a record high for the second consecutive month in October 2020. (iStock)

Building up: Homebuilder confidence hits new highs

Building up: Homebuilder confidence hits new highs
Guo Wengui and the Sherry-Netherland penthouse at 781 Fifth Avenue (Photos via Wikipedia Commons; Getty Images and Douglas Elliman)

Ensconced in the penthouse and entangled in lawsuits

Ensconced in the penthouse and entangled in lawsuits
Kaufmann Desert House (Courtesy Coastal Luxury Living)

Neutra-designed “crown jewel” of Palm Springs lists for $25M

Neutra-designed “crown jewel” of Palm Springs lists for $25M
Gov. Andrew Cuomo (Getty, iStock)

New York lost $755M in real estate tax revenue this year: REBNY

New York lost $755M in real estate tax revenue this year: REBNY
The Internal Revenue Service is going after foreign real estate investors as part of a broader sweep to collect revenues amid the pandemic.  (iStock)

“There’s a lot of money to be made”: IRS targets foreign real estate investors

“There’s a lot of money to be made”: IRS targets foreign real estate investors
arrow_forward_ios

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

Loading...