New York Landlord Sells Van Buren Street Property

Article originally posted on Phoenix Business Journal on November 9, 2015

A New York apartment landlord has sold a Phoenix property for $1.3 million.

W. 144 Venture LLC, an offshoot of Dalan Management, sold the Polk Terrace Aparments near Van Buren and 24th streets.

The gritty, working class area is two miles east of downtown and north of Phoenix Sky Harbor International Airport.

Dalan is based in Manhattan’s Chelsea owns real estate in New York City, Washington D.C. and Phoenix.

Buyer was Gilbert-based A Plus Management LLC. Arizona Corporation Commission records list Jason Wang as its corporate manager.

Dalan owns some other real estate in the Phoenix market.

Orion Investment Real Estate Vice President Linda Ayala represented the New York-based sellers. The Van Buren sale translates to $44,167 per unit.