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
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