Saturday, September 8, 2012
“Properties like 37 W. 19th St. – an exceptionally well-located, owner-occupied elevator building in immaculate condition with a beautiful rooftop garden – rarely trade in Manhattan,” says Hosey. “In this case, the seller decided to retire and move out of the city,” he says.
“Because of this asset’s location, condition and the strength of Manhattan’s investment sales market, dozens of qualified buyers – spanning the spectrum of ownership – including private investors, funds and foreign buyers expressed interest in this asset,” he adds.
Located at 37 W. 19th St. between Fifth and Sixth avenues, the loft building contains six full-floor units atop a ground-floor retail center. Currently, the property includes more than 25 feet of frontage on 19th Street and is zoned C6-4A with approximately 7,775 square feet of additional air rights.
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