X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Real estate investment firm DelShah Capital LLC has completed the purchasing transaction for the 17 remaining unsold residential  and seven commercial units in the Sunrise Terrace luxury condominium complex at 31-32 Union Street, Flushing, Queens, which has a total of  32 residential units. DelShah’s principal Michael Shah tells GlobeSt.com that the company purchased the first mortgage on the mixed-use building from China Trust Bank for $5.4 million, and then worked through a foreclosure litigation against previous owner Paramount Management Corp. and five junior creditors, including Grand Pacific USA, private lender Golden Eagle and other private investors in the Flushing community.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.