Peña and Borshch of Berko handle two building sale: $15.5 million

January 10, 2017 - Front Section

Brooklyn, NY Berko & Associates has closed on the sale of two connected four-story, loft office buildings located at 201-209 46th St. on the corner of 2nd Ave. in the Sunset Park neighborhood.

The property sold for $15.5 million, at $290 per s/f above grade, a record for the area, suggesting a still-healthy appetite within the borough’s investment sales market.

Agustin Peña, a director at Berko, and sales associate Lenny Borshch represented both the buyer and the seller, who plans on repositioning the building into a boutique hotel.

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