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

The warehouses total 209K square feet

Oct.October 03, 2017 05:30 PM

5112 Second Avenue, Kevin Chisholm and 15 Garnet Street (Credit: Larry Ford and Google Maps)

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)

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