The Real Deal New York

Thor tapped to market DelShah meatpacking retail space

January 27, 2014 06:35PM

From left: Joseph Sitt, 58 Ninth Avenue and Michael Shah

From left: Joseph Sitt, 58 Ninth Avenue and Michael Shah

Thor Retail Advisors will be heading up leasing at DelShah Capital’s 58 Ninth Avenue in Manhattan’s meatpacking district.

The 3,400-square-foot retail space, with 24 feet of frontage on Ninth Avenue between West 14th and West 15th streets, neighbors Alexander McQueen, Diane von Furstenberg and Theory, according to a release from Thor.

“Retail space in Manhattan’s hottest neighborhood is always in high demand and 58 Ninth Avenue is the perfect urban-chic venue for the most iconic brands in tech and fashion,” Joseph Sitt, Thor CEO, said in the company’s release. “As Thor Retail Advisors continues to grow, it is properties like this that illustrate its leading role in the retail market.”

DelShah picked up the three-story property for $18.2 million last year from previous owner Icon Realty Management, which went up for a triple-net lease with a $1.5 million annual asking rent — or $400 per square foot — at the time. — Julie Strickland

  • Sol Goldman

    DelShah will come at you by all means, buying up notes, writing legal letters and trying to force you out. Watch out

  • sam B

    i would never lease a building where michael shah is the landlord. He will stop at nothing to steal from you. read your lease very carefully i’m sure you will be double charged somewhere. good luck Mr. sitt on getting paid your commission. by the time your done you will have an LP on your house.

  • kashman

    haha how the hell are these companies even thinking of doing business with Michael shah. It is like you are asking for trouble, what is worst his hair or his business??????

  • this isn’t 5th

    well over a 100K a month in rent. or 25K a week.. what do you have to sling outta there to make any profit? anyone who leases that is nuts.

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