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| 7 East 19th Street, Flatiron District, Manhattan, NY |
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| Scott Edelstein |
NEW YORK, NY– Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
arranged the sale of 7 East 19th St., a five-story loft-style elevator
building in the Flatiron district of Manhattan. The $12 million sales
price equates to $960,000 per unit.
Peter
Von Der Ahe, Scott Edelstein and Seth Glasser, all in Marcus &
Millichap’s Manhattan office, represented the seller, a New York-based private
investor.
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| Seth Glasser |
Edelstein, Von Der Ahe and Glasser, along with Sean Beuche and Christopher
Sjurset, the latter two also in the firm’s Manhattan office, advised the
buyer, another New York-based private investor.
“With
floors two through five delivered vacant upon sale, the property gives the new
owner many options, including occupying a portion of the building and leasing
the remaining space in a live-plus-income scenario or converting the apartments
on floors two through five into luxury rentals,” says Edelstein.
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| Sean Beuche |
“This beautiful cast-iron building was
for two decades home to the work of acclaimed cybernetic sculptor and kinetic
artist Wen-Ying Tsai,” adds Von Der Ahe.
The
property is located on East 19th Street between Broadway and 5th Avenue blocks
from Union Square and the N, Q, R, L, 4, 5 and 6 subway lines. The approximate
gross size is 10,144 square feet and there is 1,356 square feet of additional
air rights.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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