Robert Gilardian Buys UWS Building

The rental building at 2410-2418 Broadway has been traded for $47 million to the ever ambitious, on the edge real estate buyer, Robert Gilardian in another attempt to be the best of the best. He bought the building in a rush to get the transaction completed before the end of the year on December 31, are tax exemptions in play? The 12-story Upper West Side building has 46 super, elegant apartments and 5,000 square-feet of retail space mostly facing Broadway and on the other side 89th street. The price would probably be higher, if 61 percent of the property’s apartments weren’t rent-regulated, but I have a feeling this hard dealer knows something we don't. What say you?

The deal was co-brokered by Amit Doshi of Besen & Associates and Eastern Consolidated’s Alan P. Miller, Aliza Avital and Patricia M. Garcia.