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    172 Fifth Avenue

    172 Fifth Avenue
    New York, NY 10010
    (212) 529-7412
    Website
    Retail, Residential, Leasing/Rental, Multifamily

    172 Fifth Avenue is a six-story, 25-unit Midtown South building at East 22nd Street with retail spaces on the two bottom floors owned by Thor Equities, a privately held real estate firm founded in 1986 by Joseph Sitt.

    Sitts Thor Equities bought the residential and retail property at 172 Fifth Avenue in September 2014 from ABC Management Corp. for $28 million.
    As of September 2014, Lucky Brand Jeans was the buildings retail tenant.

    The building represented the 16th asset Thor purchased on Fifth Avenue. The purchase was part of a buying frenzy from Thor, which closed on three commercial condominium units in the Financial District for $31 million in August 2014.

    The purchase of 174 Fifth Avenue by Sitts development firm followed a string of recent buys that Thor made along Fifth Avenue, including 530 Fifth Avenue for $595 million and 685 Fifth Avenue for $475 million in 2014.

    -JC

    • Address 172 Fifth Avenue
    • neighborhood Flatiron
    • borough Manhattan
    • owner Thor Equities
    • owner entity THOR 172 FIFTH AVENUE
    • sales/marketing Thor Equities, Kelly Harman
    • Year Built 1930
    • residential units 24
    • total units 24
    • square feet 13,065
    • block and lot 1-00824-0036
    • BIN 1015561
    • Event Retail Leasing
    • Address 172 Fifth Avenue
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 3,175
    notes
    The wellness company signed a 10-year lease.
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