Built in 1915, the property is 100% occupied and net-leased to a variety of commercial tenants, namely a film production company, a music recording studio, a high-end hair salon and newly renovated dentist office. Ron Hollander Esq., of the Law Offices of Ronald Hollander, represented the seller, while Allen Chiu Esq. acted for the buyer.
The top floor consists of a 1,100-sf residential penthouse with two outdoor decks. "This is a fabulous pre-war boutique building, well-maintained, in a sought-after neighborhood," says Mann.
The sale was a 1031 exchange transaction. "Not surprisingly, 5 E. 19th St. sold swiftly at a price commensurate with its value in this heady investment sales climate," says Fu.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
