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Sze & Wong Buys Six-Story Flatiron Office

NEW YORK CITY-Peggy Flaum sells the 100% occupied building at 5 E. 19th St. for $7.8 million in a 1031 exchange transaction.

By Natalie Dolce | Updated on August 30, 2007

NEW YORK CITY-Sze & Wong Inc., a local real estate investor, purchased a six-story elevator building at 5 E. 19th St. in the Flatiron District between Broadway and Fifth Avenue for $7.8 million. Locally based Eastern Consolidated’s Sandi Mann, associate, represented the seller Peggy Flaum, while Eastern’s Charlotte Fu, associate, procured the purchaser.

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.

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