Two buildings and a piece of sky looked from the bottom

Midtown mixed-use building sells for $162M

Elliston 23 Pool & building

According to a release, the new owner of the building, which offers 331 apartments and ground-floor retail and an address of 2312 Elliston Place, is San Diego-based Sunroad Enterprises.

The seller was Dayton, Ohio-based real estate investment firm The Connor Group. 

The sale is the equivalent of about $490,000 per apartment unit. Because Elliston 23 offers a significant amount of non-residential space, the per-unit mark is challenging to calculate with context, industry officials told the Post. For comparison, The SoBro (which offers one retail space) sold in 2021 for about $447,000 per unit. In January, mixed-use tower 1200 Broadway — with significant retail (Whole Foods) and office space — sold for about $600,000 per apartment unit.

Read the full article here.