Aurora, AVRS in contract to buy Scribner Building

Lender took back building at foreclosure sale from Joe Sitt’s Thor Equities.

Elizabeth Cryan
03.2.26

Aurora, AVRS in contract to buy Scribner Building

AVRS Partners’ Edmond Safra and Aurora Capital’s Bobby Cayre 597 Fifth Avenue (FWD Global, Google Maps, Getty)

Bobby Cayre and Edmond M. Safra are teaming up to buy the landmark Scribner Building after it went back to the lender in a foreclosure sale.

Cayre’s Aurora Capital Associates and Safra’s AVRS Partners are in contract to buy the 69,000-square-foot building at 597 Fifth Avenue, The Real Deal has learned. The contract price was not known, but the sale of the Midtown office and retail property is expected to close in March, per servicer commentary on Morningstar.

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