Joseph Sitt

Founder And Ceo

Thor Equities

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

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Thor Equities NYC portfolio

$580.5 million* – condo 38%, elevator 24%, hotel 10%; Manhattan 54%, Brooklyn 45%

303th largest portfolio by dollar value

867,615 sqft – elevator 45%, condo 22%, office 8%;

386th largest by SF

32 properties – Manhattan 68%, Brooklyn 31%

291th largest

346 residential units – Manhattan 78%, Brooklyn 21%

614th largest by residential units

13 foreclosures, 0 bankruptcies, 10 other court cases.

Latest Stories:

• $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)

• LNR Partners takes title from Thor Equities valued at $25.4M for retail in Little Italy (October 20, 2022)

• Thor Equities turns over 496 Broadway in SoHo to new owner, Hirshmark is lender (January 19, 2022)

• Thor hit with $22.9M pre-foreclosure suit at 470 Broadway in Soho, 3rd suit since 2019 (October 12, 2021)

Court Records:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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