Kassirer flips Upper West Side building to Akelius for $72M

Isaac Kassirer flipped an Upper West Side building he bought from Thor Equities and Rockwood Capital for a quick profit to the local arm of Swedish real estate investor Akelius. Akelius Real Estate Management paid $72 million to buy the 68-unit 838 West End Avenue, the company announced Thursday. But that’s a premium of $7.5 million over what the 98,000-square-foot building at the corner of West 101st Street just traded for about two weeks ago. […]

Source: Real Estate

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