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Thor Equities

25 West 39th Street #11
New York, NY 10018
(212) 529-5055
Website
Thor-Equities
Thor Equities
Thor Equities is a privately held real estate firm founded in 1986 by Brooklyn native Joseph Sitt. It invests in assets in the United States, Europe and Latin America with a focus on retail in major cities. It is known in New York City for its ownership and redevelopment of scores of retail properties in major shopping districts and corridors such as Soho, Madison Avenue and Fifth Avenue. The firm has a retail brokerage arm called Thor Retail Advisors. Thor Equities, which buys properties using several large investment funds, focuses on development and redevelopment of retail properties, to either lease up or sell. Major projects include the ground-up construction and leasing to Samsung of 837 Washington Street in the Meatpacking District, in a partnership with Taconic Investment Partners, as well as the 2010 purchase of the retail and office building at 693 Fifth Avenue.
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2-02476-0022.p1Re1gK0
09/14/16
...from top: Joseph Sitt and Steven Vegh) Joseph Sitt’s Thor Equities is in contract to pay $42.5 million for a 280,000-square-foot West...

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09/13/16
The real estate arm of ASB Capital Management is looking for buyers for its nearly 190,000-square-foot Madison Avenue office building in Midtown, sources told The...

Thor-site-and-Joe-Sitt-602x416
09/13/16
...is the development site for sale, and in purple where Thor Equities proposed a mixed-use apartment building. (inset: Joseph Sitt)  From the...

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09/12/16
A member of the Mikati family is the latest official buyer at 432 Park Avenue with the purchase of a three-bedroom condo for $28 million....

Sandeep Mathrani GGP ft
09/07/16
After raking in a $39 million salary last year, General Growth Properties CEO Sandeep Mathrani picked up a Lenox Hill co-op on Fifth Avenue, according...

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09/06/16
Urban Muse is looking to cash in on the reinvention of the Park Row corridor near City Hall Park. Tags: Financial District ...

1-00227-0052.5Kg1S9uf copy
09/02/16
...Jimmy (credit: The James New York hotel) Joseph Sitt’s Thor Equities is in contract to buy the trendy James New York...

Mid market sales
08/29/16
...which he purchased in April for $12.1 million. 4.) Joe Sitt’s Thor Equities and Harbor Group International sold two commercial units at a...

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08/26/16
Jeff Sutton’s Wharton Properties has scored $195 million in new loans to refinance a newly developed retail building in Soho. Tags: jeff sutton, wharton properties...

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08/24/16
UPDATED, Aug. 26, 10:35 a.m.: Spark Labs, the media- and tech-focused co-working firm, is expanding its New York City footprint. The firm inked a 15-year...

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08/23/16
A judge will decide by the end of the month whether to enforce Wendy Maitland’s noncompete with Town Residential, which would effectively block her from...

Untitled-1
08/17/16
...From left: Kristin Luciano, Andrew Heiberger and Joe Sitt Thor Equities has hired away Town Residential's in-house attorney, less than a...

feature-town
08/15/16
...Wendy Maitland and Andrew Heiberger UPDATED, Aug. 15, 6:15 p.m.:Thor Equities...

feature
08/09/16
...Luxury fashion designer Tom Ford is taking the space at Thor Equities’ 680 Madison Avenue that a Qatari fashion brand bailed on last...

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08/05/16
A rapidly-evolving skyline like New York’s means the supply of Instagram-worthy locations is always being replenished. Soaring supertalls and glitzy retail spaces are inspiring locals and...

Untitled-1
08/05/16
Itzy Garay is the latest top gun to leave Town Residential. Garay, the company’s executive vice president of sales and leasing, had been a part...

Untitled-1
08/04/16
When CIM Group and Macklowe Properties wanted to add muscle to the sales effort at 432 Park Avenue, the developers brought in Douglas Elliman. Alchemy...

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08/02/16
...Joseph Sitt and 218 West 57th Street General Growth Properties and Thor Equities are waiting for the paint to dry on Nordstrom's new...

Sitt small
08/02/16
...U.S. commercial real estate is still strong, according to Thor Equities CEO Joseph Sitt. (more&hellip...

feat
08/02/16
The man at the center of a New York City Police Department corruption scandal reportedly sabotaged efforts to sell units at the Apthorp by wasting...

Untitled-1
07/29/16
The sprawling penthouse that tops 212 Fifth Avenue almost wasn’t: The developers initially planned to split the condo unit and market it as two separate...

Heiberger-Sitt
07/27/16
A battle that threatened several times to tear apart Town Residential has finally reached a conclusion. Tags: Andrew Heiberger, joseph sitt, town residential ...

Untitled-1
07/25/16
Jason Karadus, one of Town Residential’s top-producing brokers, has left the firm amid speculation about a change in the company’s ownership. Karadus, who led sales...

featured-Helmsley-Carlton-House-retail
07/22/16
...Thor Equities is still looking for a tenant for its retail space...

8d84528d-bd6b-4082-a6e8-d9d9485027d6
07/21/16
...so far include Douglas Elliman’s chairman Howard Lorber and Thor Equities’ Joseph Sitt, who tried to flip his contract on a...
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Thor Equities, Head, Capital Markets
25 West 39th Street, New York, NY
Larissa Belova is the head of capital markets at Thor Equities, a privately...
Thor Equities, Vice President
25 West 39th Street, New York, NY, 212-529-7424
Alexandra Frangos is the vice president of retail leasing at Thor Equities, a...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY, 212-529-5055
Melissa Gliatta is an executive vice president at Thor Equities, a privately held...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY
Alan Klein is an executive vice president at Thor Equities and co-head of...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY
Jonathan Scheinberg is an executive vice president at Thor Equities, a privately held...
Thor Equities, Managing Director
25 West 39th Street, New York, NY, 212-529-5544
Cory Elbaum is a managing director and co-chair of acquisitions at Thor Equities,...
Thor Equities, Director of Acquisitions
25 West 39th Street, New York, NY, 212 529 5055
Scott Sherman is the director of acquisitions at Thor Equities, a privately held...
Thor Equities, CEO
25 West 39th Street, New York, NY, 212 529 5055
Joseph Sitt is the CEO of Thor Equities, the privately held development and...
Thor Equities, Executive Vice President
25 West 39th Street, New York, NY, 212 529 5055
Jonathan Fishman is an executive vice president at Thor Equities and co-head of...
  • Event Sales
  • Address 218-222 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 30,941
  • Price $ 81,500,000
  • Price per foot $ 2,634.00
notes
The landmarked building sold for $81.5 million.
  • Event Financing
  • Address 127 East 125th Street|132 East 126th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 108,000
  • Price $ 44,900,000
  • Price per foot $ 415.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Thor Equities
  • Party 2 Deutsche Bank
notes
The company secured a $44.9 million loan.
  • Event Retail Leasing
  • Address 424 Broome Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 4,100
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Thor Equities
  • Party 1 Brokerage Thor Equities
  • Party 1 Broker Joshua Danesh
  • Party 2 Indochino
  • Party 2 Brokerage The Dartmouth Company
  • Party 2 Broker Fritz Kemerling
notes
The custom suit company signed a lease.
  • Event Sales
  • Address 135 East 125th Street, 126 East 126th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 108,000
  • Price $ 75,500,000
  • Price per foot $ 699.07
notes
The property sold for $75.5 million.
  • Event Sales
  • Address 213-219 West 116th Street
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 40,000
  • Price $ 23,400,000
  • Price per foot $ 585.00
notes
The building sold for $23.4 million.
  • Event Sales
  • Address 306 Bowery
  • Neighborhood NoHo
  • Borough Manhattan
  • Square feet 6,700
  • Price $ 8,200,000
  • Price per foot $ 1,223.88
notes
The building sold for $8.2 million.
  • Event Sales
  • Address 693 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 100,000
  • Price $ 525,000,000
  • Price per foot $ 5,250.00
notes
The office and retail building sold for $525 million.
  • Event Sales
  • Address 138 Greene Street
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 5,500
  • Price $ 38,500,000
  • Price per foot $ 7,000.00
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Thor Equities
  • Party 2 Ascot Properties NYC
notes
The property sold for $38.50 million.
  • Event Sales
  • Address 45 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 4,000
  • Price $ 9,000,000
  • Price per foot $ 2,250.00
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Urbinova
  • Party 2 Thor Equities
notes
The building sold for $9 million.
  • Event Financing
  • Address 245 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 314,000
  • Price $ 160,000,000
notes
The company secured a $160 million 7-year loan.
  • Event Office Leasing
  • Address 530-536 Broadway
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 18,019
  • Price $ 0
notes
The company signed a 5 year lease.
  • Event Retail Leasing
  • Address 124 West 24th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 11,000
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Thor Equities
  • Party 1 Brokerage Thor Equities
  • Party 1 Broker Michael Worthman, Sam Polese
  • Party 2 Salons by JC
  • Party 2 Brokerage Thor Equities
  • Party 2 Broker Michael Worthman, Sam Polese
notes
The beauty and wellness service company signed a lease.
  • Event Retail Leasing
  • Address 195 Bowery
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 2,200
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Thor Equities
  • Party 1 Brokerage Thor Equities
  • Party 1 Broker Joshua Danesh, Michael Worthman
  • Party 2 Pop International Galleries
  • Party 2 Brokerage Thor Equities
  • Party 2 Broker Joshua Danesh, Michael Worthman
notes
The pop art and urban art gallery signed a lease.
  • Event Retail Leasing
  • Address 158 Franklin Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,800
notes
The self-defense and exercise school signed a lease.
  • Event Financing
  • Address 245 Fifth Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 258,639
  • Price $ 160,000,000
notes
The company secured a $160 million loan.
  • Event Retail Leasing
  • Address 172 Fifth Avenue
  • Borough Manhattan
  • Square feet 3,175
notes
The wellness company signed a 10-year lease.
  • Event Sales
  • Address 424 Broome Street
  • Borough Manhattan
  • Square feet 3,800
  • Price $ 7,200,000
  • Price per foot $ 1,894.74
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Brokerage Veracity Real Estate
  • Party 1 Broker Gregory Kim
  • Party 2 Thor Equities
  • Party 2 Brokerage Thor Equities
notes
The retail co-op sold for
  • Event Retail Leasing
  • Address 725 Eighth Avenue
  • Borough Manhattan
  • Square feet 8,300
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Thor Equities
  • Party 2 Wahlburgers
notes
The burger chain, founded by Mark, Paul and Donnie Wahlberg, signed a lease for all five floors of the building.
  • Event Retail Leasing
  • Address 41 Greene Street
  • Borough Manhattan
  • Square feet 3,750
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Thor Equities
  • Party 2 Stone Island
notes
The Italian clothing company signed a 10-year lease to turn its pop-up store into a permanent location.
  • Event Retail Leasing
  • Address 164 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 8,600
  • Price per foot $ 400.00
notes
The women's fashion company signed a lease.
  • Event Sales
  • Address 445 Fifth Avenue
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 20,000
  • Price $ 68,000,000
  • Price per foot $ 3,400.00
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Harbor Group International
  • Party 1 Brokerage JLL
  • Party 1 Broker Richard Baxter
  • Party 2 Thor Equities
notes
The building sold for $68 million.
  • Event Retail Leasing
  • Address 590 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 5,063
notes
The luxury menswear brand leased the entire 14th floor of the building.
  • Event Sales
  • Address 526 West 111th Street
  • Neighborhood Morningside Heights
  • Borough Manhattan
  • Square feet 43,000
  • Price $ 30,000,000
  • Price per foot $ 697.67
notes
The company purchased the Morningside Heights building for just over $30 million.
  • Event Office Leasing
  • Address 590 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 5,063
  • Price per foot $ 70.00
notes
The high-end menswear company signed a lease.
  • Event Sales
  • Address 17 West 125th Street
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 9,000
  • Price $ 30,000,000
  • Price per foot $ 3,333.33
notes
The five story property sold for $30 million.
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