60 Guilders Duo Sells Three Floors of Office Condos
Trystan Polsinelli, VP of leasing and sales and Aidan Latham, VP of asset management at 60 Guilders, LLC have sold three floors of office condominiums at 20 W. 33rd St. in Manhattan’s Midtown South. The purchase prices came to a total of $25 million.
These transactions consisted of an income-producing full penthouse floor occupied by a global apparel company and a vacant, renovated full floor. The sales occurred in two separate transactions with two unaffiliated buyers. The purchasers included both a foreign investor and a multinational end-user, both of whom recognized the value proposition of owning commercial space in Manhattan’s Herald Square district.
“This sale is a reminder to end-user and investor participants in the Midtown office market that this is a uniquely opportune time to be buying office space,” said Polsinelli. “Office condominiums are an intelligent asset class and a hedge against inflation, as compared to other investment vehicles.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).