Thor Equities sold an Upper East Side townhouse after 11 years of trying.  German investment firm Tatar Holdings saved Thor from its quest to unload the property at 60 East 66th Street by buying it for $11 million through an entity called Coney Bath, LLC. A person familiar with the deal told PincusCo, which first […]

image

Thor Equities Sells Upper East Side Townhouse to Tatar Holdings

Key Points

• Thor Equities sells townhouse at 60 East 66th Street after 11 years of trying
• German investment firm Tatar Holdings buys the property for $11 million
• Transaction conducted through an entity called Coney Bath, LLC

Details of the Deal

Long-awaited Sale

Thor Equities has finally sold an Upper East Side townhouse after 11 years of trying. German investment firm Tatar Holdings came to the rescue by purchasing the property at 60 East 66th Street for $11 million through an entity called Coney Bath, LLC.

Transaction Information

A person familiar with the deal shared the information with PincusCo, which first reported the sale. The property, located in a prime real estate area, has now changed hands after a long period of being on the market.

Expert Insights

Real estate expert Jessica Fulk shared her thoughts on the deal and what it could mean for the real estate market. She said, “This sale is a great example of how patience and persistence can pay off in the real estate market. It’s not uncommon for properties to take time to sell, especially in high-demand areas like the Upper East Side. It’s important for both buyers and sellers to stay committed and keep their options open.“

When asked about what questions people might have regarding this deal, Fulk suggested, “People might wonder why it took so long for the property to sell and what factors contributed to the final sale. They may also be curious about the plans Tatar Holdings has for the townhouse and how it will impact the surrounding neighborhood.“

Hot Take

The sale of the Upper East Side townhouse by Thor Equities to Tatar Holdings is a testament to the importance of patience and persistence in the real estate market. With the property finally changing hands after 11 years, it serves as a reminder that even in high-demand areas, finding the right buyer can take time. As the market continues to evolve, both buyers and sellers should remain committed and open to various opportunities. This deal also sparks curiosity about the future plans for the townhouse and its impact on the neighborhood, making it an interesting story to follow in the world of real estate.

Orginal article: Link To Article – provided by Kansas City Realtors