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New York

Thor residential unit closes on second buy, to pay $67M

Sitt's firm purchases 838 West End Avenue from Zauderer family

Steven Vegh And 838 West End Avenue
Steven Vegh And 838 West End Avenue

Joseph Sitt’s Thor Equities and Rockwood Capital closed on the acquisition of an Upper West Side rental property for $67 million.

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As of March, the buyers were in contract for the Zauderer family’s 70-unit, 108,000-square-foot complex at 838 West End Avenue, as The Real Deal reported. Westwood Realty Associates’ Steven Vegh brokered the deal.

This marks the second deal for Thor’s new residential division. The company closed on two rental buildings at 120 and 125 Riverside for a combined $85 million from long-term owners in March, as previously reported. [NYO] — Mark Maurer

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Rockwood CapitalThor Equities