Thor Equities

Sale of Prime ‘Burg Retail Spot, Former Salvation Army Site, Finally Goes Through

August 30, 2022

It’s been a long time coming and now it’s finally a done deal. The former Salvation Army thrift store at 176 Bedford Avenue — one of the most prime retail spots in Williamsburg, if not all of Brooklyn — has finally sold to developer Thor Equities, more than a year after buyer and seller struck a deal.

The sale price was $30 million, Thor told Brownstoner, $6 million less than it was rumored to be back in April 2015. The price may have dropped because of the impending L train shutdown and a lawsuit from MNS delayed the deal, according to the Real Deal. Now Thor can move ahead with developing the parcel, which has been a stalled construction site for several years.

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