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34 Berry Street

Delshah Capital Acquires Multifamily Property At 34 Berry Street For $76,025,000 In Williamsburg
SOLDMultiFamily

Delshah Capital Acquires Multifamily Property At 34 Berry Street For $76,025,000 In Williamsburg

34 Berry Street

$76,025,000

Building Size

Asset Type

MultiFamily

Closing

Mar 31, 2026

AI

The asset involved in this transaction is a multifamily property located at 34 Berry Street in Williamsburg, Brooklyn. The sale price was $76,025,000, and the property comprises 142 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $76,025,000
  • Address: 34 Berry Street
  • Market: Williamsburg, Brooklyn
  • Units: 142
  • Buyer: Delshah Capital – Michael Shah
  • Seller: LCOR
  • Brokerage: JLL
  • Brokers: Jeffrey Julien, Rob Hinckley, Steven Rutman & Ethan Stanton

This transaction involved key individuals including Michael Shah representing Delshah Capital, along with LCOR as the seller. The brokerage firm JLL facilitated the transaction through its representatives: Jeffrey Julien, Rob Hinckley, Steven Rutman, and Ethan Stanton.

Players

Ethan Stanton

JLL

Broker

$6.2B

vol

136 deals

Broker
Michael Shah

Michael Shah

Delshah Capital

Buyer

$1.3B

vol

23 deals

Buyer
L
LCORSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93