December 7, 2018
Thor Equities Group has closed on the sale of 1221 Ave. J in Brooklyn’s Midwood section. Terms were not disclosed.
The three-level, 7,900-square-foot property features over 135 feet of frontage on Avenue J and East 13th Street. Following its purchase of the property in 2014, Thor leased the entire building to Capital One, establishing its first bank branch in the neighborhood.
“After upgrading and fully leasing 1221 Avenue J to a quality tenant, we felt the time was right to sell this desirable asset located in the heart of Midwood, which has become increasingly popular over the last few years due to its neighborhood feel and proximity to Manhattan and other prime areas of Brooklyn,” said Thor chairman Joseph Sitt.
Thor continues to own properties in neighborhoods throughout Brooklyn, including Williamsburg, Boerum Hill, Cobble Hill, Downtown Brooklyn and Coney Island.
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