DelShah in Contract for 100-102 Christopher Street for $27M
Gus Delaporte Aug. 29, 2013, 7:30 a.m.
DelShah Capital is in contract to acquire 100-102 Christopher Street in the West Village for $27 million, The New York Post reported.
The real estate company will acquire the six-story building from Jeffrey Kaye and Robert Morgenstern of Stone Street Properties. The 37-unit property, dubbed The Charlotte in Stone Street’s rental portfolio, currently offers a two-bedroom apartment available to rent for $5,250 per month, according to the landlord’s website. The building also features three retail units, which are currently occupied by Rag & Bone.
DelShah Capital announced earlier this week it had closed on the acquisition of 69 Gansevoort Street in the Meatpacking District for $8.6 million. At that time, the Commercial Observer reported that DelShah Capital had plans to announce the acquisition of a well-located West Village property.
The company’s recent acquisitions represent a shift from a focus on purely multifamily properties to mixed-use opportunities in key submarkets such as the Meatpacking District and West Village.
Representatives of DelShah Capital did not return requests seeking comment.