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Thor Equities Makes $42 Million Retail Acquisition in Manhattan

 

Joseph Sitt 640x360

Joseph Sitt’s Thor Equities has put down $42.3 million for a retail co-op space on Manhattan’s Upper East Side located at 1114-1120 Madison Avenue, The Real Deal has reported.

The retail space in the building which is located at the corner of 83d Street has a total of 9, 240 square feet over two levels, the ground floor and a lower level. The rest of the 13 story building has 58 apartments over the top 12 floors. It holds 98, 000 square feet of space and its official address is 25 East 83d Street.

Thor also owns a minority stake in 1122 Madison Avenue just up the block.

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