NEW YORK CITY—In their second residential joint venture partnership, Thor Equities and GreenOak have bought a pre-war rental apartment building at 150 W. 82nd St. for $41.5 million.
The seller was Maurice Mann of Mann Realty Associates. The brokers on the deal were Aaron Jungreis of Rosewood Realty and Ami Efrati of Entrepreneur Properties.
Built in 1926, the ten-story property is located between Columbus and Amsterdam avenues and includes 50,000 square feet spread across 59 units..
“We are very excited to add another tremendous Upper West Side rental property to our growing portfolio,” says Thor Equities' Alan Klein. “We firmly believe in the long-term value inherent in this vibrant and historic, supply-constrained community.”
Thor's Joe Sitt launched the residential division in October 2013 and partnered with Alan Klein and Jonathan Fishman to spearhead the group. They have since bought or contracted to purchase five properties on the Upper West Side, including 120-125 Riverside Dr., which closed in March for $85 million in partnership with GreenOak.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
