NEW YORK CITY—Thor Equities is once again casting a vote for Morningside Heights.
Already the owner of several multifamily buildings in the area, Joseph Sitt's company has closed on the acquisition of 526 W. 111th St., a 43,000-square-foot rental apartment building in Morningside Heights. Purchased for just over $30 million, the 43,000-square-foot prewar elevator building is comprised of 45 residential units.
Rosewood Realty's Aaron Jungreis was the sole broker on the transaction. Located between Broadway and Amsterdam Avenue near Columbia University, the six-story building is close to the 1 train, three blocks from the B/C train, and a short drive to the Henry Hudson Parkway.
“As young families increasingly look to live in Upper Manhattan, 526 W. 111th St. benefits from a prime location near Columbia University, Barnard College and Teachers College, as well as its proximity to public transportation and the nearby $7 billion, 17-acre expansion of Columbia University,” says Sitt, CEO of Thor.
Thor Equities owns a number of additional residential properties in the surrounding area including 17 W. 125th St., 98 Morningside Ave., 838 West End Ave., and 840 West End Ave.
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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.
