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 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.


01/18/18
...and South Florida, including a $96 million loan to Delshah Capital which has not yet closed. In the early days, Israeli bondholders were skittish about...

01/04/18
...largest, a $95.5 million loan to Michael Shah’s Delshah Capital is still in final negotiations. For the Delshah deal, Moinian will provide both senior...

12/01/17
...s Adelaide Polsinelli, Zar Property’s David Zar, Delshah Capital’s Michael Shah, Magnum Real Estate’s Ben Shaoul, DH Property’s Dov Hertz...

11/07/17
...of an East Village property to Michael Shah's Delshah Capital. In August, Toledano filed for bankruptcy on an 11-unit building at 97 2nd Avenue, which...

10/31/17
...acquisitions, underperforming real estate and development projects. And Delshah Capital plans to raise a $200 million fund to focused on distressed investments. Closed-end private equity...

10/13/17
...and a fireside chat with Michael Shah of Delshah Capital and Dan Hollander of DHA Capital. To search for future industry events or browse...

10/12/17
...smaller and midsized firms like Brookland Capital and Delshah Capital, which have raised $54.8 million and $171.8 million, respectively. $4.2B The overall value of the newly...

10/06/17
...fund to buy distressed properties. Other investors like Delshah Capital and Madison Realty Capital have also set up funds that focus on acquiring distressed...

...acquisitions, underperforming real estate and development projects. And Delshah Capital plans to raise a $200 million fund to focused on distressed investments. Closed-end private equity...

...smaller and midsized firms like Brookland Capital and Delshah Capital, which have raised $54.8 million and $171.8 million, respectively. $4.2B The overall value of the newly...

09/13/17
...effort to void its sale to Michael Shah's Delshah Capital. Both landlords claim managing rights to the owning entity of the building at 97 Second...

08/30/17
...Shah UPDATED Aug. 30, 4:30 p.m.: Michael Shah’s Delshah Capital entered into a non-binding contract for a $130 million construction loan​ to finance a five-building...

08/29/17
...well for more than 100 years.” Other investors like Delshah Capital, Madison Realty Capital and a partnership between Steve Witkoff and Michael Asher have set...

08/10/17
...money, according to a bondholder presentation. His company, Delshah Capital, purchased the complex for $102 million in 2014, also with funds raised in Tel Aviv. He...

08/07/17
...control of an East Village property he claims Delshah Capital’s Michael Shah “commandeered.” The controversial 27-year-old landlord filed for Chapter 11 bankruptcy protection for...

08/03/17
...lot next door. Arkar Inc. bought it from Delshah Capital in 2012 for $21.3 million before selling it to Leser at a profit in May. 888 Grand...

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...

...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...
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 221-225 West 17th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 26,400,000
  • 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 100-102 Christopher Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 21,849
  • Price $ 26,750,000
  • Price per foot $ 1,224.31
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
  • 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
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
  • 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
321 Lenox Avenue is a 23,746 square foot property built in 1910 in...
Manhattan, 10011
DELSHAH 60 NINTH LLC
58 Ninth Avenue is a 10,294 square foot property built in 1920 in...
Manhattan, 10013
DELSHAH CAPITAL, 22 RENWICK STREET ASSOCIATES LLC
The sponsor(s) filed plans on 07/17/06 for a condo project at 22 Renwick...
Manhattan, 10014
DELSHAH CAPITAL,, GRIFFON GANSEVOORT HOLDINGS LLC
...
Manhattan, 10025
DELSHAH CAPITAL, DELSHAH CAPTIAL, LLC
This property is a new development. The developer(s) filed plans in July of...
Manhattan, 10011
221 W. 17TH STREET, LLC
The sponsor(s) filed plans on 05/19/15 to test the market with a project...

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...
Manhattan, 10014
DELSHAH CAPITAL,, GRIFFON GANSEVOORT HOLDINGS LLC
...
Manhattan, 10025
DELSHAH CAPITAL, DELSHAH CAPTIAL, LLC
This property is a new development. The developer(s) filed plans in July of...
Manhattan, 10011
221 W. 17TH STREET, LLC
The sponsor(s) filed plans on 05/19/15 to test the market with a project...
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