Delshah Capital | The Real Deal New York

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Delshah Capital

114 East 13th Street
New York, NY 10016
(212) 213-8777
Website
inquiries@delshah.com
Delshah Capital
Delshah Capital
DelShah Capital is a real estate investment and development firm with roughly $500 million in assets. Owner Michael Shah founded the firm in 2006 after deciding a career as a lawyer wasn’t for him. Taking a cue from his parents, Shah invested in the burgeoning affordable housing market, taking on complexes in Staten Island and later purchased defaulted mortgages from regional banks for properties in Brooklyn and Queens. After the recession hit, the firm began to hone its focus on retail space in the Meatpacking District. DelShah would focus on Meatpacking in the following years, working with the Department of Buildings to renovate existing spaces to bring in more retail into the neighborhood, including Urban Outfitters. The firm also has ownership of several restaurants and bars around the city, including Sons of Essex in the Lower East Side. DelShah has turned its eyes to the Lower East Side, buying a historic building there in 2015.
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Delshah Capital, Principal
114 East 13th Street, New York, NY
Michael Shah is a New York City-based lawyer, real estate investor, restauranteur, and...
  • Event Sales
  • Building Name 221-225 West 17th Street
  • Address 225 West 17th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 33,000
  • Price $ 26,400,000
  • Price per foot $ 800.00
notes
The property sold for $26.4 million, or $800 per square foot. 33,000 sf office bldg
  • Event Financing
  • Address 1356 First Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
notes
An $11.5 million loan was provided to refinance the property. 26-unit apartment building.
  • Event Sales
  • Address 163 West 80th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 7,650,000
notes
The property sold for $7.65 million.
  • Event Sales
  • Building Name 58-60 Ninth Avenue
  • Address 60 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 10,839
  • Price $ 18,200,000
notes
The property sold for $18.2 million. Located across the street from an Apple Store, the space is currently home to Pop Burger, which will be closing in the near future.
  • Event Sales
  • Address 69 Gansevoort Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2,950
  • Price $ 6,500,000
  • Publication Date 10/01/2013
  • Event Date 08/22/2013
  • Party 2 DelShah Capital
notes
The property sold for $6.5 million. There are an additional 7,160 square feet of air rights for future development.
  • Event Sales
  • Address 1356 First Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 9,130,000
  • Price per foot $ 456.00
  • Publication Date 10/01/2011
  • Event Date 08/22/2011
  • Party 1 Brokerage Corcoran Group
  • Party 1 Broker Guthre Garvin, Massey Knakal, Joan McLaughlin,
  • Party 2 DelShah Capital LLC
notes
The property sold for $9.13 million, or about $456 per square foot. The building has a retail unit, which is occupied by Italian restaurant Petaluma.
  • Event Sales
  • Address 100-102 Christopher Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 21,849
  • Price $ 26,750,000
notes
The 21,849 sf property sold for $26.75 million.
  • Event Sales
  • Address 163 West 80th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 7,650,000
notes
The property sold for $7.65 million.
MANHATTAN, 10011
Delshah Capital, 221 W. 17TH STREET LLC
...
meatpacking
A view of the Meatpacking District, which, despite seeing an increase in foot traffic because of the High Line, has seen retail rents remain soft....
MANHATTAN, 10011
Delshah Capital, 221 W. 17TH STREET LLC
...
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