William Lauder, ASB Sell Greenwich Village Office Building in NYC's Top Deals

New York City's real estate market recorded 257 transactions totaling $425 million from 4:00 p.m. Friday, Sept. 19 through 4:00 p.m. Monday, Sept. 22. Among these deals was the sale of an office building in Greenwich Village for $42 million by ASB Real Estate Investments and William Lauder, chairman of Estée Lauder.

The top residential sale was also made by William Lauder, who sold his Upper East Side co-op for a profit of $14 million. The four-bedroom apartment at 998 Fifth Avenue was purchased by Evan Cheng, co-founder and CEO of cryptocurrency firm Mysten Labs, and Yu-Wen Chang.

The sale of the office building, located at 45 Christopher Street, was made to an undisclosed buyer. The deal appears to have been a profitable one for ASB, as they had previously acquired the property for $27.5 million in 2015.

The Greenwich Village office building, which spans 37,000 square feet, is currently fully occupied by tenants such as Blue Ribbon Restaurants and the New York School of Interior Design. The sale comes amidst a time of uncertainty for the real estate market, as companies and individuals reassess their office space needs in light of the pandemic.

While the buyers and sellers involved in these top deals remain anonymous, it is evident that the real estate market in New York City is still active and profitable, even during a global crisis.

https://therealdeal.com/new-york/2025/09/23/new-york-top-real-estate-deals-monday-sept-22/