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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 wasnt 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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04/10/17
...man
In 2015, a fire destroyed several floors of Delshah Capital’s Dorian, a 14-unit condo project at 221 West 17th Street, forcing the developer to...
12/28/16
...of that property into 205 rental apartments.
Shah’s Delshah Capital is looking to raise $49.5 million through the EB-5 visa program — the controversial immigration program...
11/23/16
...Inc., which bought the building from Michael Shah's Delshah Capital in 2012 for $21.3 million, according to property records. Arkar's holdings include a six-story Hamilton Heights...
11/07/16
...s Six Sigma NYC and Michael Shah’s Delshah Capital, among others.
Spellman’s six-person team is currently involved in 10 projects, including the conversion...
07/26/16
...Goldman’s All Year Managament and Michael Shah's Delshah Capital. -- Konrad Putzier...
07/11/16
...for 96 years.
22 Chapel Street, Brooklyn
Michael Shah’s Delshah Capital and John Carson’s OTL Enterprises filed plans last month to build a 150,431-square-foot...
06/16/16
...on the Israeli bond market, Michael Shah’s Delshah Capital scooped up five adjacent Beaux Arts buildings in Morningside Heights.
Delshah paid $111.5 million for...
06/15/16
...Chapel Street. (Inset top to bottom: Delshah Capital...
05/19/16
...percent yield-to-maturity, while the likes of Brookland Capital, Delshah Capital, Lightstone Group and All Year Management all saw their bonds drop further below par...
05/11/16
...including the Related Companies, the Klein Group and Delshah Capital.
Others, like Extell, opted to work directly with Israeli underwriting firms like Apex Issuances...
02/11/16
...corporate-grade debt.
Most recently, developer Michael Shah’s Delshah Capital raised more than $102 million through a bond offering in Israel that closed last month...
01/12/16
...Stock Exchange (inset: Michael Shah)
Michael Shah’s Delshah Capital closed its Israeli debt offering this week by raising more than $102 million through the...
01/08/16
...Meatpacking District (inset: Michael Shah)
Michael Shah’s Delshah Capital secured nearly $82 million through the first phase of the firm’s bond issuance on...
12/03/15
...around $55 million, last week while Michael Shah’s Delshah Capital is seeking to raise around $80 million through its own issuance in the coming weeks...
11/16/15
...their offerings as well.
Last month, East Village-based Delshah Capital and New Jersey-based retail landlord the Klein Group were the latest to tap the...
10/30/15
...market as a source of funds.
East Village-based Delshah Capital and New Jersey-based retail landlord the Klein Group both filed prospectuses with Israel Securities...
10/29/15
...The alleged firebug was released on $3,000 cash bail.
Delshah Capital...
10/20/15
...a rendering of the Dorian and Michael Shah
Delshah Capital...
09/29/15
...space and 13 apartments, including six rent stabilized units. Delshah Capital owned the property in 2011.
(Source: ACRIS data for closed sales between Sept. 21- 27, and...
08/13/15
...and Peter Von Der Ahe)
Michael Shah’s Delshah Capital acquired a historic mixed-use rental building on the Lower East Side for $28 million, The...
08/03/15
...a boutique hotel right around the corner at Delshah Capital...
06/30/15
...Macy’s sold for $14 million. Michael Shah’s DelShah Capital purchased the two-story, two-unit commercial building at 461 Seventh Avenue, which is home to Dali...
05/22/15
...Herald Square and Michael Shah
Michael Shah’s Delshah Capital closed on the purchase of a Herald Square retail building on the corner of...
05/21/15
...Eklund
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...
04/10/15
...Luis D. Ortiz, Dan Riordan of Turnberry Associates, DelShah Capital...
Delshah Capital, Principal
114 East 13th Street, New York, NY
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
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Delshah Capital
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Adam Hakim, Sam Zabala
- Party 2 Bank of the Ozarks
notes
The company secured a $60 million mortgage loan.
- 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
- Publication Date 07/01/2014
- Event Date 05/22/2014
- Party 1 Doreen Interiors
- Party 1 Brokerage Massey Knakal Realty Services
- Party 1 Broker Hall Oster, Brock Emmetsberger
- Party 2 Delshah Capital
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
- Publication Date 07/01/2014
- Event Date 05/22/2014
- Party 1 Delshah Capital
- Party 1 Brokerage Meridian Capital Group
- Party 1 Broker Simon Rosenfeld
- Party 2 Santander Bank
- Party 2 Brokerage Meridian Capital Group
- Party 2 Broker Simon Rosenfeld
notes
An $11.5 million loan was provided to refinance the property. 26-unit apartment building.
- Event Sales
- Address 221-225 West 17th Street
- Neighborhood Chelsea
- Borough Manhattan
- Price $ 26,400,000
- Publication Date 07/01/2014
- Event Date 05/17/2014
- Party 1 Doreen Interiors
- Party 1 Broker Hall Oster, Brock Emmetsberger
- Party 2 Delshah Capital LLC
- 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
- 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
- Price per foot $ 1,224.31
- Publication Date 12/01/2013
- Event Date 10/22/2013
- Party 1 Stone Street Properties
- Party 2 DelShah Capital LLC
notes
The 21,849 sf property sold for $26.75 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
- 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
- Publication Date 10/01/2013
- Event Date 08/17/2013
- Party 1 DelShah Capital
- Party 1 Brokerage Dane Professional Consulting Group
- Party 2 Arker Companies
- Party 2 Brokerage Dane Professional Consulting Group
- Event Sales
- Building Name 58-60 Ninth Avenue
- Address 60 Ninth Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 10,839
- Price $ 18,200,000
- Price per foot $ 1,679.12
- Publication Date 05/01/2013
- Event Date 03/22/2013
- Party 1 Icon Realty Management
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker David Schechtman
- Party 2 DelShah Capital LLC
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 58-60 Ninth Avenue
- Neighborhood West Village
- Borough Manhattan
- Price $ 18,200,000
- Publication Date 05/01/2013
- Event Date 03/17/2013
- Party 1 Icon Realty Management
- Party 1 Broker David Schechtman
- Party 2 DelShah Capital LLC
- 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
- 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, 10027
DELSHAH 321 LENOX LLC
DELSHAH 321 LENOX LLC
321 Lenox Avenue is a 23,746 square foot property built in 1910 in...
Manhattan, 10011
DELSHAH 60 NINTH LLC
DELSHAH 60 NINTH LLC
58 Ninth Avenue is a 10,294 square foot property built in 1920 in...
07/11/16
...for 96 years.
22 Chapel Street, Brooklyn
Michael Shah’s Delshah Capital and John Carson’s OTL Enterprises filed plans last month to build a 150,431-square-foot...
...property at 55 Gansevoort through a friendly foreclosure to DelShah Capital. However, his son Robert and other investors are currently contesting the transfer in civil...
