ABS Partners and Benenson Investment Company have had a busy month, closing on three different properties —including the Hammacher Schlemmer Building.
The partnership paid $62.75 million for the office-and-retail building at 145-147 East 57th Street. The Real Deal first reported ABS’ involvement in the sale in September. The previous owner, Grupo Victor Malzoni Investimentos, bought the property in 2010 for $34 million.
The gadget store, which has called the building home since the 1920s, has a ground-floor lease through 2023, the New York Post reported. Glenn Tolchin, Yoav Oelsner and Anthony Ledesma of JLL are marketing space in the building, which has an asking rent of $60 per square foot.
ABS and Benenson also closed on the purchase of a five-story medical building on the Upper East Side, the Post reported. The venture paid $17 million for 407 East 70th Street, which the doctors sold with a leaseback option. ABS and Benenson also purchased a ground lease at the AMC movie theater at 66 Third Avenue. The lease runs through 2037. Additional details on that deal were not immediately available.