The Real Deal New York

Dalan Management, Elion Partners buy Upper West Side building for $66M

Companies purchased double apartment building at corner of 97th Street and Broadway
June 29, 2018 08:30AM

2568 Broadway (Credit: PropertyShark)

Dalan Management and Elion Partners have purchased a double apartment building on the Upper West Side for $66 million.

The companies bought 2568 Broadway at the corner of 97th Street from the Gumowitz and Levy families, according to the New York Post. The families are keeping the property’s excess air rights.

The building spans 80,000 square feet and contains 67 rental units, along with a Bank of America, Dunkin’ Donuts and Paris Baguette.

HPNY‘s Ivan Hakimian and John Florek were both involved in the deal.

Other recent Upper West Side deals include Isaac Kassirer’s purchase of four rental buildings along 107th Street for $116 million and Ashkenazy Acquisition Corporation’s purchase of the movie theater at 2318 Broadway for $53 million. [NYP] – Eddie Small