How to Deal with Accidents
Gimme Shelter can reveal that real estate mogul Joe Sitt — president and CEO of Thor Equities — is the secret buyer of last year’s most expensive residential sale in Brooklyn.Sitt spent $11.36 million on the property that, despite its price, was not...

Real estate mogul is mystery buyer of record-setting Brooklyn house

Gimme Shelter can reveal that real estate mogul Joe Sitt — president and CEO of Thor Equities — is the secret buyer of last year’s most expensive residential sale in Brooklyn.Sitt spent $11.36 million on the property that, despite its price, was not...

Real estate mogul is mystery buyer of record-setting Brooklyn house

Gimme Shelter can reveal that real estate mogul Joe Sitt — president and CEO of Thor Equities — is the secret buyer of last year’s most expensive residential sale in Brooklyn.

Sitt spent $11.36 million on the property that, despite its price, was not the expected stately mansion in Brooklyn Heights or a penthouse apartment with East River views.

Located at 1993 E. Fifth St. in Gravesend, the house is a modest two-story built in 1925. (All past real estate listings online don’t have photos, but some sites show the exterior.)

Sitt already owns a home in the neighborhood, and we hear the 2016 purchase was for tax reasons.

Gravesend sits between Bensonhurst and Coney Island and is a hub for some of New York’s wealthy Syrian-Jewish community.

The homes are within walking distance of synagogues, which ups their price and status.

Sitt, who was born in Brooklyn to a Syrian-Jewish family, declined comment.

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 24 Şubat 2017 Cuma 04:29

Breaking News Headlines

Illinois Supreme Court Upholds Chicago’s Warrantless GPS Tracking on Food Trucks
Illinois Supreme Court Upholds Chicago’s Warrantless GPS Tracking on Food Trucks
Youtube Fight Rivals Turn Professional for Rematch in Los Angeles
Youtube Fight Rivals Turn Professional for Rematch in Los Angeles
Two or more glasses of soda a day increases the risk of any type of death
Two or more glasses of soda a day increases the risk of any type of death
Archaeologists found in the Atlantis Russian a contraption similar to a iphone some 2,100 years
Archaeologists found in the Atlantis Russian a contraption similar to a iphone some 2,100 years
The doors open to get to know the 4 puppies in the Center of the wolf de Sanabria
The doors open to get to know the 4 puppies in the Center of the wolf de Sanabria
The King will receive this Thursday to the president of the Congress in the Palace of the Zarzuela
The King will receive this Thursday to the president of the Congress in the Palace of the Zarzuela
Factors to consider when planning to set up a company in Hungary
Factors to consider when planning to set up a company in Hungary
How to Figure Out Your Retail Business’s Finances
How to Figure Out Your Retail Business’s Finances
Advantages of Electronic Signatures
Advantages of Electronic Signatures
5 Reasons Why Online Casinos Are Adopting Cryptocurrencies
5 Reasons Why Online Casinos Are Adopting Cryptocurrencies
Can You Buy Salvage Cars From Insurance Companies?
Can You Buy Salvage Cars From Insurance Companies?
Bold predictions for the new NFL season
Bold predictions for the new NFL season
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES