Dalan Management Acquires Mixed-use Property On Broadway For $66M

Dalan Management, led by Daniel and Andy Wrublin, has acquired a mixed-use property located at 2568-2574 Broadway in New York City. The property, situated at the intersection of 97th Street and Broadway in the C4-6A zoning district, spans a total of 79,575 square feet. The transaction was facilitated by John Florek of HPNY, who represented the buyer.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $66,000,000
• Address: 2568-2574 Broadway, New York City
• City: New York City
• Streets: 97th & Broadway
• Zoning: C4-6A
• Buyer: Dalan Management - Daniel and Andy Wrublin
• Seller: AAG Management - Arnold Gumowitz
• Broker: John Florek - HPNY
• Square Footage: 79,575
• Price per Square Foot: $829
• Unit Mix: 67 residential, 3 commercial

The acquisition of this property marks an important investment for Dalan Management, further expanding their portfolio in New York City. The deal was facilitated by John Florek of HPNY, ensuring a successful transaction for both the buyer and the seller. With its prime location and mixed-use nature, this property presents significant potential for Dalan Management in terms of rental income and future development opportunities.