NEW YORK CITY—Dalan Management has purchased 22-24 W. 38th St. for nearly $44 million. The 70,000-square-foot property stands 12-floors tall and features ground floor retail.

Ron Solarz, executive managing director and principal of Eastern Consolidated, and Nataliya Stelmakh, associate director, represented the seller, 22 W. 38th St. Associates, and Ben Tapper, senior director and principal of Eastern Consolidated, represented Dalan, which already owns and manages over 1 million square feet of residential, commercial, and mixed-use properties. Gary Meese, senior director of financial services, was the analyst for the deal.

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