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Developer buys in 211 Elizabeth

Financier Dan Neidich, who has been called the godfather of real estate private equity, has closed on a two-bedroom condo at 211 Elizabeth Street for $2.984 million. Neidich and his wife, who live on the Upper East Side, won’t be moving into the condo, but one of their three children, who are in their 20s, will take the apartment. Neidich is one of the building’s developers and could have had his pick of apartments, he said. But he said he didn’t want the penthouse, which recently sold for $6.68 million, because it was more than he wanted to spend and he didn’t want his kids shacking up in a penthouse.

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