August 10, 2020

Investors drop $29.5M on Borough Park office building

Crain's New York Business

A group of local investors led by Shaya Labin closed a $29.5 million deal for a Borough Park office building on Friday.

The 151,000 square-foot Class B property was owned by financial services firm American Stock Transfer and Trust Company, which will be leasing the building, located at 6205 15th Ave., back from its new owners and occupying it fully until June 2023.

A nearby 8,400 square-foot parking lot with space for 40 vehicles was also included in the deal, which was brokered by a TerraCRG team led by chief executive Ofer Cohen, Dan Marks and Daniel Lebor.

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