Waterbridge Capital Acquires Flatiron Loft Building for $10.215M

NEW YORK—Waterbridge Capital has purchased 37 W. 19th Street, a seven-story loft building in the Flatiron district of Manhattan for $10.215 million. Brian Hosey, an associate in the Manhattan office of Marcus & Millichap, represented both the buyer and the seller, a private investor, in the transaction.

The seller’s attorneys were Michael Federman and Peter Mannarino of Federman Steifman L.L.P.

“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,” said Hosey. “In this case, the seller decided to retire and move out of the city.”

Located at 37 W. 19th St. between Fifth and Sixth avenues, the loft building contains six full-floor units and ground-floor retail space. The property includes 25 ft. of frontage on 19th Street and is zoned C6-4A with approximately 7,775 sq. ft. of additional air rights.

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