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 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.


12/28/16
Michael Shah tapped the Israeli bond market to help finance his acquisition of a former hospital site in Morningside Heights earlier this year. Now, he’s...

11/23/16
Abraham Leser’s Leser Group is in contract to buy a 221,208-square-foot building at 2009-2025 Seward Avenue in the Bronx for $33.7 million, according to documents...

11/07/16
...Jason Lee’s Six Sigma NYC and Michael Shah’s Delshah Capital, among others. Spellman’s six-person team is currently involved in...

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...

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...

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...

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

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...

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...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

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...
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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 Financing
  • Address 30 Morningside Drive
  • Neighborhood Morningside Heights
  • Borough Manhattan
  • Square feet 260,000
  • Price $ 60,000,000
  • Price per foot $ 230.00
notes
The company secured a $60 million mortgage loan.
  • 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
  • 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 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
  • Address 902-908 Bedford Avenue
  • Neighborhood Bedford-Stuyvesant
  • Borough Brooklyn
  • Price $ 18,200,000
  • Publication Date 11/01/2013
  • Event Date 09/17/2013
  • Party 1 DelShah Capital
  • Party 2 Springhouse Partners
notes
[EMPTY]
  • Event Sales
  • Address 69 Gansevoort Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2,950
  • Price $ 6,500,000
  • Price per foot $ 2,203.39
  • 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 195 and 231 Steuben Street
  • Neighborhood Park Hill
  • Borough Staten Island
  • Price $ 27,000,000
notes
[EMPTY]
  • Event Sales
  • Address 31-32 Union Street
  • Neighborhood Flushing
  • Borough Queens
  • Price $ 3,500,000
  • Publication Date 02/01/2012
  • Event Date 12/18/2011
  • Party 1 DelShah Capital
  • Party 2 Queens Borough Public Library
notes
[EMPTY]
Manhattan, 10013
Delshah Capital
...
Manhattan, 10014
Delshah Capital,, GRIFFON GANSEVOORT HOLDINGS LLC
...
Manhattan, 10025
Delshah Capital, DELSHAH CAPTIAL, LLC
...
Manhattan, 10011
Delshah Capital, 221 W 17 STREET OWNER LLC
...

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...

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, 10014
Delshah Capital,, GRIFFON GANSEVOORT HOLDINGS LLC
...
Manhattan, 10025
Delshah Capital, DELSHAH CAPTIAL, LLC
...
Manhattan, 10011
Delshah Capital, 221 W 17 STREET OWNER LLC
...
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