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New York

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

The warehouses total 209K square feet

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

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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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Commercial Real EstateSunset ParkWarehouses