Michael Shah | The Real Deal New York

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Michael Shah

Principal
Delshah Capital
114 East 13th Street
New York, NY 10003
Website
Michael Shah
Michael Shah
Michael Shah is a New York City-based lawyer, real estate investor, restauranteur, and founder of Delshah Capital, a real estate investment firm. His company invests in physical real estate and property-backed distressed debt. Delshah’s projects have included rental buildings, luxury condominiums, and office buildings. These including the Philip Johnson and Alan Ritchie-designed 19-unit Renwick Modern in Hudson Square and 221 West 17th Street, a furniture showroom-to-condominium conversion. Before going into real estate investing, Shah worked for Wachtell, Lipton, Rosen & Katz, a law firm that specializes in M&A and bankruptcy advisory, from 2003 to 2005. He founded Delshah Capital in 2006, a year after quitting the law firm, and began buying government subsidized apartment buildings in the Bronx, Staten Island, and Brooklyn, and defaulted mortgages from New York area banks. The debt deals often resulted in Shah taking possession of the mortgaged building. He has also been the co-owner of restaurants and bars, including Sons of Essex on the Lower East Side, Petaluma on the Upper East Side, and the now-closed Cocktail Bodega. In 2012, the city sued Shah, alleging that he had systematically designed real estate transactions to avoid tax obligations. Shah graduated from Jericho High School on Long Island’s North Shore. He has a BA from Harvard University and a MA from the London School of Economics, where he concentrated on economics and finance. He received a JD from Harvard Law School in 2003 and was valedictorian. –MK
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03/22/16
From the March issue: The developers of URBY Staten Island hired resident farmers for its rooftop gardens and beehives, Michael Shah hired a psychologically-bruising personal...
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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
Michael Shah’s Delshah Capital closed its Israeli debt offering this week by raising more than $102 million through the issuance of bonds that will be...
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01/08/16
Michael Shah’s Delshah Capital secured nearly $82 million through the first phase of the firm’s bond issuance on the Tel Aviv Stock Exchange this week....
Tel Aviv Stock Exchange
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...
Jacob Klein Michael Shah
10/30/15
Two real estate firms with sizable holdings in the New York City market are among the latest U.S. companies trying to tap the Israeli bond...
Michael Shah 221 West 17th Street fire2
10/21/15
As five-alarm fires go, Tuesday morning’s inferno at the site of Delshah’s Dorian condo development doesn’t seem to have been one of the worst. No one was...
Michael Shah 221 West 17th Street fire thumb
10/20/15
Delshah Capital’s Dorian, a luxury condominium development in Chelsea, went up in flames this morning. Tags: delshah capital, fire, michael shah ...
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08/13/15
Michael Shah’s Delshah Capital acquired a historic mixed-use rental building on the Lower East Side for $28 million, The Real Deal has learned. Tags: delshah...
37 Greene Street and Uzi Ben Abraham of Premier Equities
06/30/15
From left: 109 Gold Street, 37 Greene Street and Uzi Ben Abraham of Premier Equities From Pinnacle Group’s $20 million purchase for a Vinegar Hill...
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05/22/15
Michael Shah’s Delshah Capital closed on the purchase of a Herald Square retail building on the corner of West 35th Street and Seventh Avenue for...
221 West 17th Street
05/21/15
UPDATED, 1:18 p.m., May 21: Michael Shah’s Delshah Capital is getting ready to roll out its luxury condo development at 221 West 17th Street in Chelsea, unveiling...
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...
221-west-17th
05/28/14
Real estate investment firm DelShah Capital bought a six-story commercial building in Chelsea for $26.4 million, according to property records filed with the city today. Tags:...
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02/17/14
Real estate investor Robert “Toshi” Chan said he plans to move forward on his controversial hospitality and entertainment business after turnaround specialist DelShah Capital gave...
From left: Joseph Sitt, 58 Ninth Avenue and Michael Shah
01/27/14
Thor Retail Advisors will be heading up leasing at DelShah Capital’s 58 Ninth Avenue in Manhattan’s meatpacking district. Tags: delshah capital, meatpacking district, Thor Retail...
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01/22/14
Stone Street Properties, a real estate investment firm founded in 2011 by Jeffrey Kaye and Robert Morgenstern, spent most of its first two years buying...
flatiron-hotel
12/27/13
The owners of the Flatiron Hotel are seeking to dismiss a lawsuit from a DelShah Capital affiliate, which is trying to enforce a purported $31...
michaelshahToshi
11/22/13
DelShah Capital, which owns the debt on the Flatiron Hotel, has won a court order effectively forcing the property’s owners and manager, Smart Apartments, to...
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11/07/13
Jeffrey Kaye and Robert Morgenstern have sold a multi-family property in the West Village to a Queens-based investor for nearly $24.6 million. The partners disclosed...
11/06/13
DelShah Capital has stepped up its efforts to wrest control of the Flatiron Hotel. The firm, which owns the debt on the property, is seeking...
Michael Shah and 902-908 Bedford Avenue
10/10/13
Springhouse Partners has paid Michael Shah’s DelShah Capital $18.2 million for a 44-unit apartment complex near the Pratt Institute in the Bedford-Stuyvesant neighborhood of Brooklyn,...
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