Delshah Capital Partners With OTL To Convert Condominiums At 221-225 W 17th Street In Manhattan

The property at 221-225 W 17th Street in Manhattan, NY was involved in a closed transaction for a condominium conversion. The asset type of the property was a condominium, and it underwent a conversion process.

Summary of transaction details

• Property Type: Condominium
• Transaction Type: Condominium Conversion
• Address: 221-225 W 17th Street, Manhattan, NY

Delshah Capital, represented by Michael Shah, partnered with OTL for this transaction as the landlord. On the financial side, there was a first mortgage bridge loan involved. In addition to the bridge loan, a mezzanine construction loan was obtained for the project.

Other key individuals and companies involved in this deal include Bruce Batkin and Simon Milde from Terra Capital Partners, Adam Hakim and James Murad from Eastern Consolidated, and Michael Shah from Delshah Capital.