RSP Companies Buys 51 Condo Units at The Sheffield

322 West 57th Street.
322 West 57th Street.


RSP Companies purchased 51 condominium units and seven storage rooms at The Sheffield at 322 West 57th Street for $25.3 million from a trust affiliated with Fortress Investment Group, according to city records made public today.

The sale of the apartments in the 580-unit, 58-story condo between Eighth and Ninth Avenues, closed on Aug. 20, city records indicate. Representatives for Manhattan-based real estate investment firm RSP Companies did not immediately return requests for comment. A division of Akam Living Services manages the building. A representative for Akam declined to comment.

The building at 322 West 57th Street, constructed as an 852-room rental in 1978, was purchased by developer Kent Swig of Swig Equities in 2005 for $418 million and converted to condos as has been widely reported.

Fortress Investment Group purchased the building in a foreclosure auction for $20 million in 2009, according to The Real Deal.




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