Joseph Sitt

Founder And Ceo

Thor Equities

Owner

25 West 39th Street New York, NY 10018 United States

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Thor Equities NYC portfolio

$554.1 million -elevator 27%, condo 22%, office 18%; Manhattan 69%, Brooklyn 30%*

400th largest portfolio by dollar value

919,380 sqft – elevator 43%, condo 20%, office 13%; Manhattan 61%, Brooklyn 38%

518th largest by SF

34 properties – Manhattan 69%, Brooklyn 30%

278th largest

346 residential units – Manhattan 78%, Brooklyn 21%

765th largest by residential units

14 foreclosures, 0 bankruptcies, 13 other court cases.

Latest Stories:

• Thor Equities pays $6.6M for SoHo retail it bought in 2008 for $12M (April 09, 2026)

• Namdar pays $23.5M to Maverick for retail in Meatpacking District REO sale (February 12, 2026)

• Thor Equities signs $5M loan with Peapack for retail in Little Italy it lost then repurchased (October 21, 2025)

• $55M pre-foreclosure filed at Thor’s East Harlem commercial, Sitt sought special servicing (March 03, 2025)

• Maverick acquires in auction Thor’s Meatpacking retail with $27M judgment (November 17, 2024)

• Thor loses two-story SoHo retail to lender in $8M foreclosure auction (August 19, 2024)

• Thor’s 440 Broadway in SoHo set for $10.7M foreclosure auction in July (June 04, 2024)

• Thor affiliate buys back 470 Broadway for $8.1 million (July 24, 2023)

• $13.25M pre-foreclosure filed against Thor Equities in SoHo (April 14, 2023)

• Maverick buys $25.5M note secured by Thor Equities Meatpacking retail (December 22, 2022)

Court Records:

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Properties:

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