ESRT exec Thomas DeRosa lists 930 Fifth co-op for $5.9 million

TRD New York /
Sep.September 14, 2018 05:33 PM

Thomas DeRosa and 930 Fifth Avenue

Empire State Realty Trust director Thomas DeRosa has listed his 930 Fifth Avenue apartment for $5.9 million.

The Corcoran Group brokerage put the three-bedroom Lenox Hill co-op on StreetEasy on Friday. The sixth-floor in the Emory Roth-designed building features Central Park views and has been recently renovated.

In addition to his role at ESRT, a publicly traded real estate investment trust, DeRosa is the CEO of Welltower, a REIT focused on healthcare and senior facilities. He received total compensation of more than $10.5 million from Welltower last year, filings show. DeRosa was previously vice chairman of Rouse Company.

DeRosa bought the apartment in 2012, paying $3.9 million.

In a joint venture with Houston-based builder Hines, Welltower is developing an ultra-luxury, 15-story senior living rental in Midtown.

“You take someone who’s lived at 88th and Park their entire life and you, all of a sudden, say I’m moving you to New Canaan, Connecticut,” DeRosa told Bloomberg in 2016. “Because that’s the closest assisted-living facility I can get you into — that is unacceptable. You will kill that person.”

Hell of a sales pitch.


Related Articles

arrow_forward_ios
Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium

Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder

Clockwise from top left: John Gomes, Ronita Kalra, Eric Beniam and McKenzie Ryan (Credit: Getty Images, iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

arrow_forward_ios
Loading...