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Dalan, Elion Close on UWS Apartment Buildings
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register.
Dalan Management Associates and Elion Partners have closed on a joint venture to acquire two adjacent Upper West Side elevatored apartment buildings. The JV paid approximately $66 million to buy 2568 Broadway (pictured) and 226 W. 97th St. from AAG Management, and plans to co-manage the properties.
The newly-acquired buildings are located a block away from the West 96th Street subway station, and within walking distance to dining and retail, along with historic cultural landmarks. One of them contains ground-floor retail tenants’ Bank of America, Dunkin Donuts and Paris Baguette.
“The competitive advantage of these units is the prime Upper West side location, across the street from one of the two major subway stops in this neighborhood,” said Dalan’s Daniel Wrublin. “With careful hands-on management, and its prime location, these units will serve as great residences and attractive retail hubs for consumers for years to come.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
