Castellan Real Estate Partners’s Lucrative Sale of 84-Unit Building

A real estate executive in New York City, John Salib is a former partner at Landmark Advisors, an alternative asset firm that he founded in 2000. John Salib now serves as managing partner of Castellan Real Estate Partners, which closed a major sale in Washington Heights in late 2016.
In December of 2016, Castellan Real Estate Partners sold an 84-unit building at 515 West 168th Street in the Washington Heights neighbhorhood of New York City for $18.2 million. Castellan had purchased the building for nearly a third of that price ($6.27 million) in September of 2010. The new buyers are Australian real estate management company Dixon Advisory and property manager Urban American.
Located between Audubon and Amsterdam avenues, the building consists of 40,185 square feet and is well located near Columbia Presbyterian Hospital, Edge Hotel, and the express subway. The building’s units are mostly studios and one-bedroom apartment.
