Joseph Sitt | The Real Deal New York

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Joseph Sitt

CEO
Thor Equities
25 West 39th Street
New York, NY 10018
212 529 5055
Website
Joseph Sitt
Joseph Sitt is the CEO of Thor Equities, the privately held development and ownership firm he founded in 1986. He is one of the more active developers in New York City. Sitt is perhaps best-known for his long-term redevelopment of much of the Coney Island, Brooklyn, waterfront (he grew up nearby). That effort started in 2001, when Sitt began buying up more than 10 acres, much of it rundown, with the idea of rebuilding it as a Vegas-style resort complete with new condos, hotels and a water park. The Bloomberg administration, however, opposed the rezoning for Sitts plans; and he sold most of his Coney Island holdings in late 2009. Sitt owns several other properties in Brooklyn, including the Livingston Shoppes mall, and in Manhattan, where he developed the 457-unit Greenwich Club condo building in the Financial District. Sitt, who was born in 1964, got his business start with the Ashley Stewart clothing chain, which he sold in 2000.
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Joe Sitt and Andrew H
07/05/16
...and Andrew Heiberger Town Residential founder Andrew Heiberger says partner Joseph Sitt has lobbed a series of "unreasonable" demands amid eleventh-hour negotiations...

Dolce-Gabbana-Sohofbox
06/24/16
...From left: 155 Mercer Street, Joseph Sitt and Helen Hwang Three years after shelling out $27 million for...

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06/23/16
...Rendering of 680 Madison Avenue (inset: Joseph Sitt) Joseph Sitt’s big play on Madison Avenue hasn't gone according to...

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06/22/16
...Residential founder and CEO Andrew Heiberger intends to buy co-owner Joseph Sitt out of his 50 percent stake in the company, he told...

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06/22/16
...Joseph Sitt and Wendy Maitland (Illustration: Lexi Pilgrim) Wendy Maitland is looking...

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06/21/16
...From left: Joseph Sitt, Harry Macklowe and 432 Park Avenue Thor Equities' Joseph Sitt has...

693fifth
06/10/16
French billionaire Marc Ladreit de Lacharrière has closed on the $525 million purchase of Thor Equities’ office-and-retail building at 693 Fifth Avenue in Midtown. Tags:...

mauricio fb
06/03/16
...Heiberger informed his managers this afternoon that he and co-owner Joseph Sitt would not move forward with merger talks, according to an...

umansky rose fb
06/02/16
From the Los Angeles website: The Agency, a Beverly Hills-based luxury brokerage in talks to merge with Town Residential, made less than $1 million in...

Thor Red Hook ft
06/01/16
...good chunk of its New York City portfolio, but the Joseph Sitt...

Joseph Jeff Sutton
06/01/16
The apple doesn’t fall far from the tree, although sometimes not exactly under it. ...

HeibergerMaitFbox
05/31/16
...and behind the scenes to broker peace" between Maitland and Joseph Sitt, Town's co-chair and capital partner. (more&hellip...

bloodsharkfeature
05/26/16
...sales Wendy Maitland is suing the firm and accusing co-owner Joseph Sitt of bleeding it dry, a Douglas Elliman manager is wasting...

joewendyfeature
05/25/16
...is leaving Town Residential, is suing the brokerage, accusing co-owner Joseph Sitt of starving the company of funds. (more&hellip...

featyr
05/25/16
Wendy Maitland, one of the founding members of Town Residential and its president of sales, is leaving the firm, The Real Deal has learned. Tags:...

685 Fifth Avenue
05/23/16
The Gulaylar Group plans to convert the office component of General Growth Properties and Thor Equities’ 685 Fifth Avenue into a luxury hotel, sources told...

town
05/23/16
...Joe Sitt, Mauricio Umansky and Andrew Heiberger Thor Equities chief Joseph Sitt is likely to remain on as a partner at Town...

townagency2feature
05/20/16
...the six-year old residential brokerage headed by Andrew Heiberger and Joseph Sitt, is in late-stage talks to merge with Beverly Hills-based brokerage...

Apthorp
05/18/16
...user Matthew X. Kiernan) (inset: Michael Fascitelli) Michael Fascitelli is Joseph Sitt...

Thor 116
05/17/16
...in Harlem (inset: Alan Klein) UPDATED, May 19, 12:26 p.m.: Though Joseph Sitt’s Thor Equities is selling a bevy of Fifth Avenue...

Joe Sitt
05/06/16
...The Apthorp on the Upper West Side (inset: Joe Sitt) Joseph Sitt is reportedly picking up 71 sponsor units at the historic Apthorp...

25 West 39th Street NYC
05/04/16
...West 39th Street in the Garment District (inset: Joseph Sitt) Amid a Midtown selling spree, Joseph Sitt’s Thor Equities...

Lee's Art Shop
05/02/16
...West 57th Street in Midtown (inset: Joseph Sitt) Thor Equities and General Growth Properties are set to close...

umansky fb final
04/26/16
...From left: Mauricio Umansky, Billy Rose and Joseph Sitt New York brokerages Douglas Elliman and Compass recently made moves...

530
04/11/16
Jeff Sutton and SL Green Realty are quietly shopping around a trio of 11-story Soho office-and-retail buildings at 530-536 Broadway for sale, sources told The...
To see all, go to Advanced Search
TOWN Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 924-4200
...
TOWN Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 924-4200
...
TOWN Residential, Associate Broker
337 West Broadway, New York, NY, (212) 924-4200
...
TOWN Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 924-4200
...
TOWN Residential, Real Estate Salesperson
337 West Broadway, New York, NY, (212) 924-4200
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Associate Broker
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 269-8888
...
TOWN Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 269-8888
...
TOWN Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 269-8888
...
TOWN Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 269-8888
...
TOWN Residential, Real Estate Salesperson
88 Greenwich Street, New York, NY, (212) 269-8888
...
TOWN Residential, Associate Broker
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
TOWN Residential, Real Estate Salesperson
33 Irving Place, New York, NY, (212) 557-6500
...
To see all, go to Advanced Search
  • Event Sales
  • Address 680 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 35,000
  • Price $ 277,000,000
notes
The corner retail space sold for $277 million, the Wall Street Journal reported. Vornado Realty Trust had offered to pay $280 million for the space, but negotiations fell apart, allowing Joseph Sitt to step in and purchase the property, according to the paper.
  • Event Sales
  • Address 118 East 4th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 11,500,000
  • Price per foot $ 442.00
  • Publication Date 01/01/2011
  • Event Date 11/22/2010
  • Party 1 Bruce Miltenberg, Bread & Butter Realty LLC
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker John Ciraulo, Joseph Sitt, Craig Waggner
notes
The properties sold for $11.5 million, or $442 per square foot. The buildings contain 24 one-bedrooms and 45 studios. Forty of the apartments are rent stabilized, and 29 are free market. Includes 120-22 East 4th Street.
  • Event Sales
  • Address 91 Avenue D
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 2,982
  • Price $ 1,320,000
  • Publication Date 04/01/2010
  • Event Date 02/20/2010
  • Party 1 Brokerage Massey Knakal Realty Services
  • Party 1 Broker Michael DeCheser, Joseph Sitt
notes
The property sold for $1.32 million. The property has a store on the ground floor and two residential units above. The apartments are vacant, while the retail lease expires in June 2011.
  • Event Sales
  • Address 690 Castleton Avenue
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Square feet 19,716
  • Price $ 1,200,000
  • Price per foot $ 61.00
notes
The elevator building sold for $1.2 million, or $61 per square foot. The price represents a capitalization rate of 15.49 percent and a gross rent multiple of 3.5. The property contains two floors of medical office space, 14 parking spaces and two floors of residential space, which comprise 14 apartments that rent for below-market rates.
  • Event Sales
  • Building Name 530-536 Broadway
  • Address 536 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 190,000
  • Price $ 190,000,000
  • Price per foot $ 1,000.00
notes
The two connected properties sold for $190 million, or $1,000 per square foot.
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  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...
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