470 Broadway

Little Italy, Manhattan

Parcel ID (BBL): 1004730005

Acris records

Owner: Thor Equities

Acquired: July 21, 2023, $8.1 million

Debt: October 15, 2025, $5 million

Built: 1858

Renovated: 2009

SF: 6,664

Dwelling units: 0

No. of buildings: 1

Class: Two Story or Store and Office (K2)

Floors: 2

Transactions:

Thor Equities borrowed $5 million from Peapack Private Bank & Trust for 470 Broadway, Little Italy, Manhattan on October 15, 2025.

LNR Partners and Series 2012-C6 sold 470 Broadway, Little Italy, Manhattan for $8.1 million to Thor Equities on July 21, 2023.

Thor Equities sold 470 Broadway, Little Italy, Manhattan for $25.4 million to LNR Partners on October 19, 2022.

Development:

• Curtis Borgstede filed major alteration job M01230549 for 6,664 sqft COM building with 0 apartments in Little Italy, Manhattan, on July 07, 2025.

• Curtis Borgstede filed alteration job M01319643 for 400 sqft COM building with 0 apartments in Little Italy, Manhattan, on January 09, 2026.

• Curtis Borgstede filed alteration job M01330442 for 10,000 sqft COM building with 0 apartments in Little Italy, Manhattan, on January 08, 2026.

• Curtis Borgstede filed alteration job M01281015 for 3,000 sqft COM building with 0 apartments in Little Italy, Manhattan, on October 27, 2025.

• Curtis Borgstede filed alteration job M01281249 for 50 sqft COM building with 0 apartments in Little Italy, Manhattan, on October 27, 2025.

• Curtis Borgstede filed alteration job M01281218 for 3,000 sqft COM building with 0 apartments in Little Italy, Manhattan, on October 27, 2025.

Most recent Schedule of Occupancy

Litigation:

• Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C6 filed a $22.9 million pre-foreclosure on October 11, 2021, against Joseph Sitt and Thor Equities at 470 Broadway.

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