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Goldman Sachs acquires 1080 Leggett Avenue

1080 Leggett Avenue (Credit: Pinnacle Realty of New York)

Goldman Sachs Asset Management and Blumenfeld Development Group have acquired an industrial property at 1080 Leggett Avenue in Hunts Point from Advantage Wholesale Supply for $38.5 million. The buyers plan to use the high-bay warehouse for last-mile distribution, according to TRD.

Dig Deeper: The one-story building spans 144,000 square feet, and contains a 19,000 square-foot office component. It sits on a 209,700 square-foot lot.

Flashback: The seller paid $15.75 million for the property in 2013.

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