Delshah Capital Doubles Down in Brooklyn

Delshah Capital just splashed eighty-five million dollars on two Brooklyn buildings—456 and 27 Grand Street—locking in prime Williamsburg real estate as part of a bigger strategy. The six-story 456 Grand has 52 apartments, two storefronts, and a 50-car garage, while 27 Grand offers 41 units, 10 retail spots, and 21 parking spots. Both fit Delshah’s focus on solid, well-located multifamily and mixed-use properties in strong neighborhoods. This move doubles down on their Brooklyn footprint after recently acquiring a Berry Street rental for $76 million. The 456 Grand building was bought back by its seller, Bronstein Properties, in 2018 for $43 million—making this a juicy flip—and was developed in 2015 with a tax abatement through 2030. The 27 Grand, meanwhile, has a complex past, having gone through bankruptcy auction last year. Delshah financed both with a $60.5 million loan from Prospect Ridge. This expansion follows a whirlwind period: they recently teamed up on a $135 million CitySpire office deal and sold a Staten Island apartment complex for $364 million. Delshah is clearly on the move—growing their portfolio with strategic buys in Brooklyn while cashing in elsewhere. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/430274328feef42c