NEW YORK, N.Y. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing for 37 West 19th St (top left photo)., a seven-story, elevator loft building with five floor-through residential units, one office space and one ground-floor retail space, which is occupied by the Flatiron Lounge.
Located in the Flatiron district of Manhattan, the 15,000 square-foot property also includes an owner’s penthouse and a rooftop garden. The listing price is $11.5 million.
Adelaide Polsinelli (middle right photo), an associate vice president investments in the Manhattan office of Marcus & Millichap, and Brian C. Hosey, an investment specialist also in Manhattan, were hired to exclusively market the property on behalf of the seller, a private investor.
“The penthouse will be delivered vacant, making this an excellent live/work investment opportunity,” says Polsinelli.
“This is an exciting opportunity for an investor to secure a high-quality, cash-flowing asset with upside directly off of Ladies Mile in one of New York City’s most exuberant neighborhoods,” she adds.
“Additionally, a family looking for a ‘live-plus-income opportunity’ or a developer seeking a condo conversion will find this asset to be very attractive,” says Hosey.
37 West 19th St. also includes approximately 7,775 square feet of additional air rights.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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