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Michael Karsch, CEO of Juice Press Health Foods, wants movers. But they won’t go far.
Michael Karsch Net Worth
The fund manager-turned-beverage kingpin and his wife Erica bought a 9F apartment in San Remo for $4.3 million, according to property records filed this week. The unit is located next to 9E, which was previously owned by Karsch.
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The three-bedroom, three-bathroom apartment at 146 Central Park West has floral wallpaper but no view of Central Park. Lisa Lippman and Scott Moore of Brown Harris Stevens first put the home on the market in October 2016 for $5.75 million, but after several price cuts, the two brought the listing back to July. Employees were not involved in the final sale, according to a company spokeswoman.
The Karshes have been married since 2002, according to a New York Times wedding announcement. At that time, Michael ran his own fund, Karsch Capital Management, which ended up at $3.4 billion in 2009.
Karsch ate junk food most of his life before a doctor told him at age 40 that if he continued his diet, he could die by age 50, according to a profile in the Wall Street Journal . That shift led him to invest in Juice Press in 2012, then a small grocery chain in New York. He bought out one of the company’s partners and became its first president. Now there are more than 70 stores across the country.
Quest April 2015 By Quest Magazine
The 138-story San Remo was built in 1930 as the first twin structure in New York. Emery Roth designed the 27-story building.
It has attracted some daring registrations and famous owners. Last year, Demi Moore made a record sale of the 26C penthouse for $45 million. He lowered the price significantly after listing the South Tower for $75 million. Her first husband, Bruce Willis, bought the triplex, which has its own elevator, for $7 million more than 25 years ago.
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