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Kaufman Closes $87M Acquisition on 11 W. 19th Street

Eastern Consolidated Arranges Purchase of 256,200-SF Commercial Loft-Office Property in NY
By Tina Asah
May 8, 2006 | 1:12 P.M.

A team lead by the Kaufman Organization purchased the 11-story commercial loft-office building located in the heart of Manhattan’s Flatiron district at 11 W. 19th St. for $87 million, or approximately $339.50 per square foot. The Goodstein family sold the property. The 256,220-square-foot property has frontage on 19th and 20th streets and features a separate entrance on 20th Street. The property was 66% occupied at the time of sale. The major tenants include: Time Warner Cable, Nautica Design, BMG Music and Universal Music. Sam Flax occupies the ground floor retail space.

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