Thor Equities signs $14.5M refi for 38-unit rental in Upper West Side

Thor Equities through the entity Thor 840 West End Avenue LLC as borrower signed a refi loan with lender Community Preservation Corporation through the entity Sig Rcrs C Mf 2023 Venture LLC valued at $14.5 million for the 38-unit residential elevator building (D7) at 840 West End Avenue in Upper West Side, Manhattan.
The deal closed on January 22, 2026 and was recorded on February 4, 2026. The property has 47,832 square feet of built space and 12,917 square feet of additional air rights for a total buildable of 60,753 square feet according to a PincusCo analysis of city data. The loan price per built square foot is $303 and the price per buildable square foot is $238 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on September 23, 2014, for $37.4 million. The signatory for Thor Equities was Morris Missry . The signatory for Community Preservation Corporation was Robert Riggs .

Prior sales, articles and revenue

The owner according to the Department of Housing Preservation and Development is Joel Goldstein, head officer. The business entity is Thor 840 West End Avenue LLC.

The property

The residential elevator building with 38 residential units in Upper West Side has 47,832 square feet of built space and 12,917 square feet of additional air rights for a total buildable of 60,753 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,092 square feet. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The property is in the Riverside-West End Historic District Extension II. The city-designated market value for the property in 2022 is $9 million. The property has 10 rent regulated units according to city tax records from 2024.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received 14 housing violations and $80 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of 19 of the 25 commercial properties representing 407,706 square feet of the 574,849 square feet. The largest owner is BLDG Management, followed by Thor Equities and then Milbrook Properties.
There are no active new building construction projects on this tax block.

The majority, or 66 percent of the 574,849 square feet of built space are elevator buildings, with walkup buildings next occupying 19 percent of the space.

The borrower

The PincusCo database currently indicates that Thor Equities owned at least 23 commercial properties with 346 residential units in New York City with 694,402 square feet and a city-determined market value of $194.2 million. (Market value is typically about 50% of actual value.) The portfolio has $305.9 million in debt, with top three lenders as MetLife, Prime Finance, and Argentic Investment Management respectively. Within the portfolio, the bulk, or 57 percent of the 694,402 square feet of built space are elevator properties, with office properties next occupying 14 percent of the space. The bulk, or 72 percent of the built space, is in Manhattan, with Brooklyn next at 28 percent of the space.

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