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.”
- ◦Sale/Acquisition
