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1567-75 Lexington Ave. The Dawnay, Day portfolio includes 47 buildings across Manhattan, including 1567-75 Lexington Ave.

NEW YORK CITY—Making its largest purchase in Manhattan to date, Emerald Equity Group has acquired the former Dawnay, Day Portfolio for nearly $358 million. Sold by Fairstead Capital and E+M Associates, the East Harlem and Manhattan portfolio is comprised of 47 buildings, totaling 712,571 square feet and 1,181 units.

A team led by Ariel Property Advisors’ Victor Sozio, Shimon Shkury and Michael A. Tortorici represented the sellers and procured the buyer. Mitchell Taras of the Sadis & Goldberg provided legal representation to the seller while Jeffrey Zwick of Jeffrey Zwick & Associates provided legal representation to the buyer.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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