Sitt Asset Management paid $11 million for 450 Broadway, a five-story retail building in Soho, sources told The Real Deal today. The sale has not yet hit public records. The 13,760-square-foot property, between Grand and Howard streets, belonged to the late Jacob Wiesenfeld, a textile company owner who purchased the building for an undisclosed sum […]
Family-owned real estate investment firm Sitt Asset Management has snagged a pair of pink Soho buildings on Prince Street for a combined $30 million. Sitt spent $15.9 million for 161 Prince Street and $14.1 million for the adjacent 159 Prince Street, both between West Broadway and Thompson Street. The deal closed on Aug. 31 and […]
Morgan Stanley Real Estate Investing bought the retail and office building 113 Spring Street in Soho for $70 million, sources told The Real Deal, paying more than double what the sellers laid out when they acquired it in 2012. Ralph Sitt’s Status Capital and Ralph Tawil’s Centurion Realty are the sellers in the transaction, which […]
The retail-focused investment firm Sitt Asset Management inked a contract this month to buy the retail condominium at the base of the eight-story residential building 90 Prince Street in Soho, industry sources said. The Midtown-based firm, headed by brothers Ralph, Eddie and David Sitt, signed the contract for $49 million, one source said, while another […]
Brothers Ralph and David Sitt are in contract to buy four Nolita retail condominium units with a total of 4,000 square feet of street-level retail for $22.5 million, The Real Deal has learned. The brothers’ Sitt Equities signed an agreement to acquire the four units at 8, 10, 12 and 14 Prince Street, at the […]
A partnership between a Safra family-controlled entity and Sitt Asset Management purchased 145 Spring Street, a Soho mixed-use building with ground-floor retail, for $26 million, according to property records filed with the city today. The 15,421-square-foot eight-story building, located between Wooster Street and West Broadway, was asking $34 million. The seller was Spanish retailer Custo […]
Savanna is continuing its sales blitz, this time announcing a big Brooklyn transaction. Commercial Observer has learned that the landlord sold 210 Bedford Avenue in Williamsburg to Status Capital. The sale of the 3,219-square-foot building closed last Wednesday, according to Savanna. “The staggering price per square foot metrics and succinct transaction times further underscore Bedford […]
David and Ralph Sitt’s Status Capital closed last week on the acquisition of a landmarked, four-story West Village townhouse that the developers are repositioning to hold ground-floor retail, Commercial Observer has learned. Status Capital acquired the property, at 395 Bleecker Street between Perry and West 11th Streets, on March 9 for nearly $11.1 million. The […]
Vornado Realty Trust is selling its retail condominium on the Upper East Side to Ralph Sitt’s Status Capital for nearly $85 million, The Real Deal has learned. The Steve Roth-led real estate investment trust is set to close on the sale of the condo at the base of the 26-story Marquand at 11 East 68th […]
Ralph Sitt’s Status Capital bought a retail condominium unit at the base of a 27-story residential condo building on the Upper East Side for $48 million. Struggling Canada-based clothing chain Joe Fresh continues to lease the 10,000-square-foot space at 1049-1059 Madison Avenue, also known as 45 East 80th Street, despite vacating it this summer, sources […]