Property spans 32K SF
Delshah Capital has acquired 531-533 East 12th Street from Zelman Properties for $25.2 million, according to TRD. The East Village rental property spans 30,000 square feet, and contains 28 apartments, plus an office unit (2,000 SF).
Worth Noting: At a time when many are exercising caution in the market, Delshah continues his buying spree. The firm recently closed on its acquisition of a 28-building multi-family portfolio from Silvershore Properties for $102 million.
Flashback: Zelman paid $16.6 million for the seven-story property in 2012.