Joe Sitt’s Thor Equities has bought the bottom floors of 470 Broome Street for $45 million.
The retail space is 19,000 square feet and includes two cellars and the ground, second and third floors, according to the New York Post. The commercial condominium was occupied and owned by mosaic tile company Sicis, the newspaper reported. The rest of the building has residential units.
In turn, Sicis is in contract to buy a 50,000-square-foot factory at 150 Bruckner Boulevard in the Bronx, which the company already rents, for $14 million.