Updated Sep 11, 2026
Dalan Management Acquires 85% Stake In Grand Central Multifamily Building For $34.6M
230 E 44th St, New York, NY 10017, United States
$34,552,500
$255/SF
Building Size
135,315 SF
Asset Type
MultiFamily
Closing
May 22, 2023
About this deal
AI
An 85 percent stake in a 164-unit residential building located at 230 East 44th Street in Grand Central, Manhattan has been purchased by Dalan Management. The deal, which closed on May 22, 2023, involved a payment of $34.6 million to RWN Real Estate Partners. The property spans 135,315 square feet and was sold at a price of $255 per square foot.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $34,552,500
- Address: 230 East 44th Street, Grand Central, Manhattan
- Square Footage: 135,315
- Buyer: Dalan Management - Andrew Wrublin
- Seller: RWN Real Estate Partners - Ari Shalam
Dalan Management, led by Andrew Wrublin, acquired the majority stake in the residential building at 230 East 44th Street. RWN Real Estate Partners, represented by Ari Shalam, acted as the seller in the transaction.
On the Map
$34,552,500
$255/SF
MultiFamily
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93