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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25 West 39th Street, New York, NY, 212 529 5055
25 West 39th Street, New York, NY, 212-529-5544
25 West 39th Street, New York, NY
25 West 39th Street, New York, NY
25 West 39th Street, New York, NY, (212) 529-5055
25 West 39th Street, New York, NY, 212-529-7424
25 West 39th Street, New York, NY
- Event Sales
- Address 27 Grand Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 55,479
- Price $ 66,300,000
- Publication Date 12/18/2017
- Event Date 12/14/2017
- Party 1 PGIM
- Party 1 Brokerage JLL
- Party 1 Broker Jeff Davis
- Party 2 Thor Equities
- Event Sales
- Address 680 Madison Avenue
- Neighborhood Lenox Hill
- Borough Manhattan
- Square feet 35,000
- Price $ 277,000,000
- Price per foot $ 7,914.29
- Publication Date 02/01/2013
- Event Date 12/23/2012
- Party 1 Extell Development, Angelo, Gordon & Co.
- Party 2 Joseph Sitt
- 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
- Event Sales
- Address 111 4th Place
- Neighborhood Carroll Gardens
- Borough Brooklyn
- Price $ 2,450,000
- Publication Date 06/01/2010
- Event Date 04/17/2010
- Party 1 Broker Kenneth Freeman, Joseph Sitt
- Event Sales
- Address 91 Avenue D
- Neighborhood East Village
- Borough Manhattan
- Square feet 2,982
- Price $ 1,320,000
- Price per foot $ 442.66
- Publication Date 04/01/2010
- Event Date 02/20/2010
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Michael DeCheser, Joseph Sitt
- Event Sales
- Address Staten Island portfolio
- Neighborhood Midtown
- Borough Staten Island
- Price $ 7,575,000
- Publication Date 11/01/2007
- Event Date 09/17/2007
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Joseph Sitt, Paul Massey
- Party 2 n/a
- Event Sales
- Address 690 Castleton Avenue
- Borough Manhattan
- Square feet 19,716
- Price $ 1,200,000
- Price per foot $ 60.86
- Publication Date 11/01/2007
- Event Date 09/22/2007
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Joseph Sitt, Paul Massey
- Party 2 Staten Island investor
- Event Sales
- Address 1 Davidson Court
- Neighborhood Mariners Harbor
- Borough Staten Island
- Price $ 2,185,000
- Publication Date 10/01/2007
- Event Date 08/17/2007
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Joseph Sitt, Jordan Zotts
- Party 2 Staten Island investor
- Event Sales
- Address 530-536 Broadway
- Neighborhood SoHo
- Borough Manhattan
- Price $ 190,000,000
- Publication Date 09/01/2007
- Event Date 07/18/2007
- Party 1 Schack & Schack Real Estate Co.
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Richard Baxter, Jonathan Caplan, Yoron Cohen, Scott Latham
- Party 2 Joseph Sitt, Thor Equities, Yaron Jacoby-led partnership
- 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
- Publication Date 09/01/2007
- Event Date 07/23/2007
- Party 1 Schack & Schack Real Estate Co.
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Richard Baxter, Jon Caplan, Yoron Cohen, Scott Latham
- Party 2 Joseph Sitt, Thor Equities, Yaron Jacoby-led partnership
- Event Sales
- Address 131 Silver Lake Road
- Neighborhood West Brighton
- Borough Staten Island
- Price $ 2,300,000
- Publication Date 03/01/2007
- Event Date 01/15/2007
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Joseph Sitt
- Party 2 Brooklyn investor
- Party 2 Brokerage Massey Knakal Realty Services
- Party 2 Broker Joseph Sitt
- Event Sales
- Address 660 Bay Street
- Neighborhood Stapleton
- Borough Staten Island
- Price $ 1,500,000
- Publication Date 11/01/2006
- Event Date 09/17/2006
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Joseph Sitt
- Party 2 Staten Island user
- Party 2 Brokerage Massey Knakal Realty Services
- Party 2 Broker Joseph Sitt
- Event Sales
- Address 280 Richards Street
- Neighborhood Red Hook
- Borough Brooklyn
- Price $ 40,000,000
- Publication Date 10/01/2005
- Event Date 08/17/2005
- Party 1 Liberty View Plaza
- Party 2 Joseph Sitt, Thor Equities