ASB, 60 Guilders team up for $47M Sunset Park buy

The warehouses total 209K square feet

TRD New York /
Oct.October 03, 2017 05:30 PM

ASB Real Estate Investments and 60 Guilders have added to their holdings a pair of Sunset Park warehouses.

The two companies, both active office and retail investors, bought the buildings at 5112 Second Avenue and 15 Garnet Street for $47 million, according to the Commercial Observer. The buildings span a total of 209,000 square feet, and the New York Board of Elections currently leases most of the property for storage.

ASB purchased Thor Equities’ stake in 875 Washington Street earlier this year,  while 60 Guilders bought 121 Spring Street in Soho for $28 million in March.  [CO] – Eddie Small

(To view more commercial sales transactions in Sunset Park, click here)


Related Articles

arrow_forward_ios
Colliers’ Jay Hennick (iStock; Colliers)

Colliers’ profit rebounds

Colliers’ profit rebounds
JPM asset CEO Mary Callahan Erdoes and 605 Third Avenue (Getty; Google Maps)

JPMorgan eyes $600M valuation for Third Ave office tower

JPMorgan eyes $600M valuation for Third Ave office tower
(Getty, iStock)

Hundreds of storage units in New York heading to auction

Hundreds of storage units in New York heading to auction
KABR Group CEO Kenneth Pasternak and 85 Challenger Road in Ridgefield Park, NJ (Photos via KABR)

KABR sells New Jersey building for reported $60M

KABR sells New Jersey building for reported $60M
Gov. Andrew Cuomo and Mayor Bill de Blasio (iStock)

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions
2055 Anthony Avenue and 1416 Ferris Place (Google Maps)

Ved Parkash picks up Fordham Heights apartment building

Ved Parkash picks up Fordham Heights apartment building
(Getty)

When the music stops: Guitar Center could file for bankruptcy

When the music stops: Guitar Center could file for bankruptcy
Abandoned malls are being turned into senior housing, giving planners a chance to rethink retirement communities (iStock)

Abandoned malls get new life as senior housing

Abandoned malls get new life as senior housing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...