DELSHAH BUYS 2,950 SF BUILDING IN NYC FOR $8.6M

NEW YORK CITY — DelShah Capital LLC has closed on the $8.6 million purchase of 69 Gansevoort St. in the Meatpacking District of New York City. The property includes a 2,950-square-foot commercial building with 7,160 square feet of air rights. DelShah will lease the retail space at 69 Gansevoort St. to a subsidiary of The Line Group, an operator of multiple entertainment venues across Manhattan, while plans and construction are completed to utilize the building’s air rights. Berkadia Commercial Mortgage provided $6.5 million in acquisition financing to DelShah.