Real estate investor drops $1.05M on W. 87th

Medium ea4cd160592880dd2d1cad9c6d1e2d18 Stephanie Ahmed and Foiz Ahmed bought a three-bedroom, two-bath condo at 150 W. 87th St. on the Upper West Side from Psony 150 West 87th LLC for $1.05 million on Sept. 24.

Unit #9C is one of 41 in the 9-story condo development in 150 W. 87th St., which was built in 1914.

Mr. Ahmed is the regional director of operations at Hersha Hospitality, real estate investment trust company which is engaged in the ownership and mid scale limited service hotels operation in the Eastern United States.

Prior to this, he worked as general manager at Interstate Hotels & Resorts, Urgo Hotels and Marriott International and front office manager at residence Inn by Marriott Bethesda.

He earned a degree in business administration from the University of Maryland College Park.

According to, there have been 388 condo sales on the Upper West Side during the past 12 months, with a median sales price of $775,000.

Address: 150 West 87th Street, Unit: 9c
Buyer(s): Ahmed, Stephanie, Ahmed and Foiz
Seller(s): Psony 150 West 87th LLC
Sale date: Sep. 24, 2009