Pink Stone Capital acquires 174-180 Nassau Street in Brooklyn

Pink Stone Capital Group continues its acquisition plan in the N.Y. metropolitan area by closing on its second transaction of the year, the purchase of 174-180 Nassau St. The purchase price was not disclosed. Pink Stone's founder and CEO, Richard Ohebshalom said that this latest purchase "fits within Pink Stone's acquisition goals and criteria of a great rental property in a great neighborhood." Presently, the Karl Fischer design plans outline a 125-unit/12-story rental building for the Nassau property. Pink Stone Capital is seeking new acquisitions in the N.Y. metropolitan area. Five weeks prior to this purchase, Pink Stone finalized its transaction of the note for 111 Washington St., a property located adjacent to the World Trade Center.