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

The warehouses total 209K square feet

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
FSA Capital’s Benjamin Clyburn and 133-09 37th Avenue in Flushing (Google Maps, Breaking Ground, Getty)
Brian Pun’s FSA Capital plans 173K sf project in Flushing
Brian Pun’s FSA Capital plans 173K sf project in Flushing
Brookfield Properties’ Brian Kingston with Two Manhattan West (Brookfield Properties, Getty)
Hedge fund finds 283K sf at Two Manhattan West
Hedge fund finds 283K sf at Two Manhattan West
Savills' Nick Farmakis with 655 and 767 Third Avenue (Loopnet, Getty, Savills)
Third Avenue: The land of “leave-behind”
Third Avenue: The land of “leave-behind”
(Getty)
Zoning, infrastructure limits are squeezing US land supply
Zoning, infrastructure limits are squeezing US land supply
From left: Kerber’s Farm's Nick Voulgaris and Jamestown Properties' Michael Phillips along with 801-803 Greenwich Street (Getty Images, Jamestown Properties, LoopNet)
Long Island farmer turns his pitchfork on Jamestown
Long Island farmer turns his pitchfork on Jamestown
An illustration of the Night King from Game of Thrones (Getty, Night King courtesy of HBO via WarnerMedia)
Winter is coming: Landlords face brutal heating season
Winter is coming: Landlords face brutal heating season
53 Sonrise Place in Fellsmere, FL and Starwood Capital Group chairman Barry Sternlicht (Google Maps, Illustration by The Real Deal with Getty)
Starwood snaps up Florida affordable housing portfolio
Starwood snaps up Florida affordable housing portfolio
Carpenter & Company's Richard Friedman and 2 Canal Street in New Orleans (Carpenter & Company, Google Maps)
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
arrow_forward_ios

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

Loading...