Joe Sitt Of Thor Equities Secures $5 Million Loan For Retail Property At 470 Broadway

The asset involved in the context is a retail property located at 470 Broadway in Little Italy, Manhattan. It encompasses a total square footage of 6,664. The landlord of this property is Joe Sitt, associated with Thor Equities. The property has secured a loan amounting to $5 million from Peapack Private Bank & Trust.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 470 Broadway
• Market: Little Italy, Manhattan
• Lender: Peapack Private Bank & Trust
• Landlord: Joe Sitt - Thor Equities

This transaction highlights key players in the deal, particularly Joe Sitt, who leads Thor Equities. The financing provided by Peapack Private Bank & Trust supports the operational capabilities of the retail asset situated in a prominent Manhattan neighborhood.