Kash Group, Shel Capital to buy Morgans Hotel in Manhattan for $41M

Real estate investment firms The Kash Group and Shel Capital are in contract to acquire the 117-key Morgans Hotel in Murray Hill. The 17-story property, located at 237 Madison Avenue, was bought for $41 million, according to the Real Deal...

Kash Group, in partnership with Shel Capital, is in contract to pay $41M for 237 Madison

Shlomo Bakhash’s Kash Group, in partnership with Shel Capital, is in contract to acquire the Morgans Hotel, which it plans to convert into a micro-unit condominium, the firms confirmed to The Real Deal...

Here’s what the $10M-$20M NYC investment sales market looked like last week

Jonathan Bakhash of SHEL Capital along with Moris Bakhash of the Kash Group and the family-owned textile company Zelouf International bought a 54-unit rental building at 770 St. Marks Avenue in Brooklyn for $19.1 million...