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 Sitt's 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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ESBfeat
08/25/16
Qatar now holds a 9.9 percent stake in Empire State Realty Trust, giving it a piece of the Empire State Building, an icon of the...

spark fbox
08/24/16
...From left: 25 West 39th Street, Joseph Sitt and Christophe Garnier UPDATED, Aug. 26, 10:35 a.m.: Spark Labs, the...

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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...

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08/18/16
The bare-knuckle brawl over Wendy Maitland’s exit from Town Residential just got really bloody. Tags: Andrew Heiberger, brown harris stevens, town residential, wendy maitland ...

feature-town
08/15/16
...Town in May and filed a lawsuit, accusing former co-owner Joseph Sitt of "starving" company funds. (more&hellip...

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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
...GGP's Sandeep Mathrani, Thor's Joseph Sitt and 218 West 57th Street General Growth Properties and Thor Equities...

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08/02/16
...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...

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08/01/16
...Barnett, Westfield Mall at the World Trade Center, Uncle Sam, Joseph Sitt and Andrew Heiberger (Paydirt is a new weekly column that...

Ginger
07/28/16
...right after CEO and founder Andrew Heiberger bought out partner Joseph Sitt to assume full control of the residential firm. Brokaw brokered...

Heiberger-Sitt
07/27/16
...From left: Andrew Heiberger and Joseph Sitt A battle that threatened several times to tear apart Town...

Untitled-1
07/25/16
...From left: Hall Willkie, Jason Karadus, Andrew Heiberger and Joseph Sitt Jason Karadus, one of Town Residential's top-producing brokers, has left...

8d84528d-bd6b-4082-a6e8-d9d9485027d6
07/21/16
...include Douglas Elliman’s chairman Howard Lorber and Thor Equities’ Joseph Sitt, who tried to flip his contract on a 63rd floor...

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07/19/16
In a move that’s sure to fuel speculation about Extell Development’s Diamond District plans, the city greenlit master assembler Gary Barnett’s plans to raze 10 West 47th...

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07/14/16
...Park Avenue (inset: Joseph Sitt) It appears that Joseph Sitt couldn't wriggle his way out of a deal to buy...

270-Richards-Street feature
07/11/16
Most of the city’s large-scale real estate developments formally proposed in June were massive office projects, the biggest being Tishman Speyer’s nearly 1 million-square-foot project...

Untitled-2
07/06/16
...Joe Sitt and 127-137 East 125th Street in Harlem Joseph Sitt...

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...

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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...

Untitled-8
06/21/16
...From left: Joseph Sitt, Harry Macklowe and 432 Park Avenue Thor Equities' Joseph Sitt has...

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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:...
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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, 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
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.
Manhattan, 10010
THOR 164 5TH AVE LLC
164 Fifth Avenue is a four-story, 19,000-square-foot Flatiron District office building owned by...
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245 FIFTH OWNER LLC
245 Fifth Avenue is a 24-story, 307,418-square-foot office building at the corner of...
Manhattan, 10016
FIFTH AVE CONDO - B.H
445 Fifth Avenue, known as Fifth Avenue Tower, is a 33-story, 209,000-square-foot mixed-use...
Manhattan, 10036
Ceruzzi Properties|Shanghai Municipal Investment, 520 FIFTH OWNER LLC
520 Fifth Avenue is a mixed-use property under development by Thor Equities, a...
Manhattan, 10036
530 Fifth Avenue is a 26-story, 500,000-square-foot retail and office tower acquired in...
Manhattan, 10036
FIFTH AVENUE RETAIL P
562-564 Fifth Avenue are two adjacent buildings owned by Thor Equities, a privately...
Manhattan, 10036
THOR FIFTH AVENUE LLC
590 Fifth Avenue is a 19-story, 100,000-square-foot office and retail building owned by...
Manhattan, 10017
597 SCRIBNER LLC
597 Fifth Avenue, also known as the Scribner Building, is a 12-story building...
Manhattan, 10022
THOR 693 LLC
693 Fifth Avenue is an office-and-retail building owned by French billionaire Marc Ladreit de...

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12/30/15
  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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