Delshah Capital Acquires East Village Multifamily For $25.2M

A multifamily property located at 531-533 East 12th Street in the East Village of New York City has been sold for $25,200,000. The property spans approximately 30,000 square feet, resulting in a price per square foot of $840. The transaction took place on November 5, 2018, and involved the buyer, Delshah Capital, and the seller, Zelman Properties.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,200,000
• Property Size: 30,000 square feet
• Price per Square Foot: $840
• Market: East Village

Capital Property Partners’ Daniel Rahmani represented both the buyer and the seller in this transaction. It is worth noting that Zelman Properties had previously purchased the building for $16.55 million in 2012.