Delshah Signals Return to Active Growth with Williamsburg Deal

Delshah Signals Return to Active Growth with Williamsburg Deal
News| April 2, 2026| Paul Bubny
New York & Tri-State + Apartment Buildings

Delshah Capital has expanded its Williamsburg footprint, acquiring 34 Berry St., a 142-unit, market-rate multifamily property, from LCOR in a deal valued at $76 million. The company said the acquisition marks a continued expansion of its footprint in one of New York City’s strongest rental markets and signals its broader return to active growth.

The acquisition was brokered by JLL Capital Markets, with an investment sales and advisory team representing the seller led by Jeffrey Julien, Rob Hinckley, Steven Rutman, and Ethan Stanton. JLL’s purchaser advisory team, led by Michael Zaremski and Clayton Ross, also advised Delshah in arranging $62.25 million in acquisition financing through Ares.

“This acquisition reflects where we are today as a company and the quality of assets that we pursue,” said Michael Shah, founder and CEO of Delshah Capital. “We’ve taken the time to restructure our balance sheet and strengthen the business, and we are now in a position to grow again with discipline. Williamsburg is a market we believe in long-term, and 34 Berry is exactly the type of asset we want to own. It fits nicely into our portfolio along 30 Morningside Dr. and 22 Chapel St. as best-in-class multifamily offerings.”

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