456 Grand Street in
Brooklyn New York
JLL Capital Markets announced that it has arranged $60.5 million acquisition financing of a two-property multifamily portfolio totaling 93 units in the Williamsburg neighborhoods of 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 and approximately 22,700 square feet of retail space in one of Brooklyn’s most sought-after residential neighborhoods. It contains a blend of free-market, rent-stabilized and affordable units all built between 2009 and 2014.
227 Grand Street in Brooklyn New York
Michael Bacon, Head of Capital Markets & Acquisitions of Delshah Capital, said, “The acquisition of the Grand Portfolio represents another significant milestone in the continued expansion of our multifamily portfolio throughout New York City. 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.”
The portfolio is located within Williamsburg, Brooklyn’s most dynamic residential submarket, benefiting from strong renter demand, direct transit connectivity and proximity to Manhattan.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
Delshah Capital is a vertically-integrated real estate private equity and asset management firm based in New York City. Founded in 2006, the company specializes in acquiring, developing and managing multifamily, retail and hospitality properties, as well as distressed commercial real estate loans. Based in New York, today the firm consists of over 50 professionals within its real estate investment and property management groups.
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities.
