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 that area in the following years, working with the Department of Buildings to renovate existing spaces to bring 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 on 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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TelAviv small
07/26/16
Abraham Leser’s Leser Group is selling $32.5 million worth of bonds on the Israeli market. The issuance will be the first by a North American...

270-Richards-Street feature
07/11/16
Most of the city’s large-scale real estate developments formally proposed in June were massive office projects, the biggest being Tishman Speyer’s nearly 1 million-square-foot project...

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06/16/16
...raising $102 million on the Israeli bond market, Michael Shah’s Delshah Capital scooped up five adjacent Beaux Arts buildings in Morningside Heights...

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06/15/16
...Chapel Street. (Inset top to bottom: Delshah Capital...

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05/19/16
Questions continue to hover over Extell Development’s presence on the Israeli bond market after a tough day for U.S. real estate firms trading on the...

reyscollagefeature
05/11/16
...guided firms including the Related Companies, the Klein Group and Delshah Capital. Others, like Extell, opted to work directly with Israeli underwriting...

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02/11/16
KBS Strategic Opportunity REIT filed a public draft prospectus with the Israel Securities Authority, detailing the company’s bid to become the first American real estate...

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01/12/16
...Tel Aviv Stock Exchange (inset: Michael Shah) Michael Shah’s Delshah Capital closed its Israeli debt offering this week by raising more...

Michael Shah ft
01/08/16
...in the Meatpacking District (inset: Michael Shah) Michael Shah’s Delshah Capital secured nearly $82 million through the first phase of the firm...

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12/03/15
Joel Gluck’s Spencer Equity Group closed its second Israeli bond issuance this week, raising a total of $59 million through a debt offering on the...

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11/16/15
After raising $34.5 million through a bond offering on the Tel Aviv Stock Exchange last year, Brookland Capital is hungry for more. Tags: Brookland Capital,...

Jacob Klein Michael Shah
10/30/15
...Israeli bond market as a source of funds. East Village-based Delshah Capital and New Jersey-based retail landlord the Klein Group both filed...

356 Marcy Avenue thumb
10/29/15
When a tenant at a three-story Williamsburg building refused to cough up past due rent, Yehuda Herskovic allegedly set a fire outside his apartment. Herskovic...

Michael Shah 221 West 17th Street fire thumb
10/20/15
...credit: FDNY), a rendering of the Dorian and Michael Shah Delshah Capital...

2007 86th Street and Haim Chera
09/29/15
...ground-floor commercial space and 13 apartments, including six rent stabilized units. Delshah Capital owned the property in 2011. (Source: ACRIS data for closed sales...

130 orchard ft
08/13/15
...Joe Koicim and Peter Von Der Ahe) Michael Shah’s Delshah Capital acquired a historic mixed-use rental building on the Lower East...

919ninthavenuhtumb
08/03/15
Restoration Hardware is looking to open a hotel in the Meatpacking District. Tags: meatpacking district, restoration hardware ...

37 Greene Street and Uzi Ben Abraham of Premier Equities
06/30/15
...owned by Macy’s sold for $14 million. Michael Shah’s DelShah Capital purchased the two-story, two-unit commercial building at 461 Seventh Avenue, which...

641-sevenththumb
05/22/15
...Avenue in Herald Square and Michael Shah Michael Shah’s Delshah Capital closed on the purchase of a Herald Square retail building...

221 West 17th Street
05/21/15
...and Fredrik Eklund UPDATED, 1:18 p.m., May 21: Michael Shah’s Delshah Capital is getting ready to roll out its luxury condo development...

Bjarke Ingels FB
04/10/15
Celebrated architect Bjarke Ingels lightheartedly threw a bit of cold water on the egos of developers the other evening as he explained that his design...

Josh Zegen
02/12/15
TRD Profile:UPDATED February 12, 1:45 p.m.: Madison Realty Capital, a real estate investment firm that did about $900 million worth of deals last year, was almost...

ChaimCahaneVerner902BedfordFbox
09/15/14
UPDATED, 3:33 p.m., Sept. 17: Less than a year after paying $18.2 million for a 65,000-square-foot multifamily rental building in Bedford-Stuyvesant, Springhouse Partners just sold...

JoshZegenMorganLoftsMichaelShah
08/13/14
UPDATED, 3:08 p.m., August 14: The Bobker Group will get to hold on to the Morgan Lofts for now, after securing $19 million in financing...

movers-and-shakers
06/09/14
...and has concluded more than 4 million square feet of transactions. Delshah Capital named Jeffrey Bogino its senior vice president and managing director...
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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, restaurateur 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
  • Publication Date 06/01/2014
  • Event Date 04/22/2014
  • Party 1 Delshah Capital LLC
  • Party 1 Brokerage Ariel Property Advisors
  • Party 1 Broker Howard Raber, Randy Modell, Scot Hisrchfield
  • Party 2 Yu Far Realty
notes
The property sold for $7.65 million.
  • Event Sales
  • Address 163 West 80th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 7,650,000
  • Publication Date 06/01/2014
  • Event Date 04/22/2014
  • Party 1 Delshah Capital LLC
  • Party 1 Brokerage Ariel Property Advisors
  • Party 1 Broker Howard Raber, Randy Modell, Scot Hisrchfield
  • Party 2 Yu Far Realty
notes
The property sold for $7.65 million.
  • 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 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
  • 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 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.
Manhattan, 10011
Delshah Capital, 221 W 17 STREET OWNER 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 17 STREET OWNER LLC
...
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