Delshah Capital buys Brooklyn property portfolio for $102m
by CIJ USA
2018-10-22 15:22
Delshah Capital bought a 28-property portfolio in Brooklyn from Silvershore Properties for $102m. The assemblage totals approximately 200,000 sq ft and includes 210 apartments along with 12 commercial units. Michael Shah, the head of Delshah Capital, previously revealed in a filing with the Tel Aviv Stock Exchange that he plans to upgrade the buildings to raise the collective rental income by 31 percent in two years.
