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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.”
- ◦Sale/Acquisition
