Berko & Associates
Buyer planning to get creative with Sunset Park loft building
Berko & Associates has closed on the sale of two connected four-story, loft office buildings located at 201-209 46th Street on the corner of 2nd Avenue in the Sunset Park section of Brooklyn.
The property sold for $15.5 million, at $290 psf above grade, a record for the area, suggesting a still-healthy appetite within Brooklyn’s investment sales market.
Agustin Peña, a director at Berko & Associates, and sales associate Lenny Borshch represented both the buyer and the seller, who plans on repositioning the building into a loft office, catering to the new demographic of professionals seeking creative space outside of the traditional Manhattan office market.
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