JLL Capital Markets arranged $60.5 million acquisition financing of a two-property multifamily portfolio totaling 93 units in Williamsburg, Brooklyn, New York.
JLL secured acquisition financing on behalf of Delshah Capital through Prospect Ridge Advisors.
The portfolio comprises 227 Grand St., and 456 Grand St. Together, the properties contain 93 residential units consisting of a blend of free-market, rent-stabilized and affordable units and approximately 22,700 square feet of retail space.
“The acquisition of the Grand Portfolio represents another significant milestone in the continued expansion of our multifamily portfolio throughout New York City,” said Michael Bacon, head of capital markets and acquisitions of Delshah Capital. “Williamsburg remains one of the most dynamic residential markets in the country, and these properties align perfectly with our long-term investment strategy.”
The JLL Debt Advisory team that arranged the financing included Managing Director Michael Zaremski and Director Clayton Ross. The same team that arranged $62.25 million in financing for Delshah’s acquisition of 34 Berry St. in Williamsburg in April 2026.
“Delshah Capital has established itself as one of New York City’s most respected multifamily owners and developers,” said Zaremski. “Prospect Ridge’s professionalism and responsiveness were instrumental in closing the transaction in fewer than 30 days, ensuring a seamless process for all parties involved.”
