Samson Management sold a Gowanus office building at 92 Third Street to Jack Guttman’s Pearl Realty Management for $29.5 million, suffering a $44 million loss. Samson had bought the 94,000-square-foot property for $73 million in 2015, after FirstMark Capital and Livwrk redeveloped it. The building was only 57% leased as of January, and co-working tenant Bond Collective filed for bankruptcy and vacated 50,000 square feet. Brooklyn’s office market has struggled, with a 22.1% availability rate in Q3. Pearl Realty recently sold a Downtown Brooklyn development site to the Jay Group for $75 million.
92 Third Street
