Team Doshi Arranges $22M Deal for Yorkville Multifamily Duo
Meridian’s Amit Doshi and Shallini Mehra have closed on 409 and 413 E. 84th St., two contiguous apartment buildings in the Upper East Side’s Yorkville neighborhood. Totaling 48 units, the duo traded for $21.7 million.
Doshi and Mehra represented both the seller, Henley Investments, a private equity real estate firm based in London, and the purchaser, Aulder Capital, a multifamily investor based in New York. Henley acquired the properties in 2017 and invested in capital improvements.
“Aulder currently owns 2,600 units across the Northeast, Mid-Atlantic, and Midwest regions,” said Mehra. “They believe in the recovery of the New York City market and have a long-term investment horizon for these multifamily assets.
Doshi added, “The change in rent laws have caused many owners to change their investment strategy, but on the flip side, we are also seeing many opportunistic investors entering or doubling down on their New York City portfolios.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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