Ralph Sitt

President at Sitt Asset Management LLC

Location:
One Penn Plaza, New York City, New York, United States
Company:
Sitt Asset Management LLC
HQ Phone:
(212) 777-7488
Wrong Ralph Sitt?

Last Updated 11/25/2017

General Information

Employment History

Broker  - Party 1 Sitt Asset Management

Affiliations

Chief Executive Officer  - Status Capital

Web References  

Sitt Asset Management

Getting in at such a low price point allowed the Sitt brothers (Eddie, Ralph and David), along with Carlton, to cash out when they took a $60 million mortgage in 2006, city records show.
Sitt Asset Management, headed by family members Eddie, Ralph and David, partnered with Washington, D.C.-based investment firm the Carlyle Group to purchase the more than 100-year-old building in 2007 for $70 million. A spokesperson for Crown Retail Services, which was representing the building's owners, declined to comment, as did Ralph Sitt, speaking on behalf of his family's company. Ralph Sitt of Sitt Asset Management did not return calls for comment, either. He was, however, spotted backstage recently with some of the supermodels at the Victoria's Secret fashion show television taping at the Armory. Sitt paid $91.5 million to buy the building from SL Green four years ago.

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Sitt Asset Management | The Real Deal New York

As of 2015, its principals include two of the four brothers, Ralph and David Sitt.
Two other former principals, Jack and Eddie, are no longer active managers at the firm, having split acrimoniously with Ralph, David, and Marilyn, but continue to be passive owners of stakes in the firm. ...his brothers Ralph and David of the family-owned Sitt Asset Management, after a Manhattan Supreme Court judge threw out a similar lawsuit in December. ...Jack Sitt Eddie Sitt of the investment firm Sitt Asset Management isn't letting up on claims that his brother Ralph Sitt squeezed him out... Ralph Sitt pays $48M for Joe Fresh space in UES condo tower Party 1 Broker Ralph Sitt, David Sitt ...providing retailers with high visibility and solid co-tenancy."Sitt Asset Management The firm, headed by brothers Eddie, Ralph and David Sitt, snapped up seven properties...

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Sitt Asset Management

Getting in at such a low price point allowed the Sitt brothers (Eddie, Ralph and David), along with Carlton, to cash out when they took a $60 million mortgage in 2006, city records show.
Sitt Asset Management, headed by family members Eddie, Ralph and David, partnered with Washington, D.C.-based investment firm the Carlyle Group to purchase the more than 100-year-old building in 2007 for $70 million. A spokesperson for Crown Retail Services, which was representing the building's owners, declined to comment, as did Ralph Sitt, speaking on behalf of his family's company. Ralph Sitt of Sitt Asset Management did not return calls for comment, either. He was, however, spotted backstage recently with some of the supermodels at the Victoria's Secret fashion show television taping at the Armory. Sitt paid $91.5 million to buy the building from SL Green four years ago.

Read More

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