Dalan buys uptown complex in off-market deal.Daniel Wrublin, president of Dalan Management, announced the firm's purchase of a 38-unit apartment block just north of Columbia Presbyterian Hospital Presbyterian Hospital can refer to several places:
"This is one of the only buildings in Washington Heights directly over looking the Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. with multiple elevators, plus it's close to Columbia Medical Center," said Andy Wrublin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dalan Management. The building has unobstructed views from the George Washington Bridge George Washington Bridge, vehicular suspension bridge across the Hudson River, between Manhattan borough of New York City and Fort Lee, N.J.; constructed 1927–31. It is one of the longest suspension bridges in the world. to the Statue of Liberty Statue of Liberty great symbolic structure in New York harbor. [Am. Hist.: Jameson, 284] See : America Statue of Liberty perhaps the most famous monument to independence. [Am. Hist.: Jameson, 284] See : Freedom . It is a mix of 30% free market apartments and 70% rent stabilized and is 100% occupied. In the short term, the new owner plans to continue to operate it as a rental but aims to convert to condominiums at a later date. "It is rare in this market to find an apartment building that has the immediate opportunity to be converted, yet makes financial sense as a rental building. I think the off market nature of the deal made this possible," said Wrublin, whose firm already owns 135 units across the street. |
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