Michael Shah | The Real Deal New York

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 is a New York City-based lawyer, real estate investor, restaurateur 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 a 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 an 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.


02/06/19
...North 6th Street (left) and 22 Chapel Street with Michael Shah New York City investment sales transactions in the $20 million to $30 million range included the...

01/25/19
...Ludlow Street and Michael Shah Lead levels at Delshah Capital's 138 Ludlow Street are as high as 36 times the federal...

01/03/19
...A rendering of 22 Chapel Street in Brooklyn and Michael Shah (Credit: CityRealty and Delshah Capital) Delshah Capital has landed $102.5 million in construction financing for...

12/24/18
...to exit rather than refinance. Bonds issued by Michael Shah...

12/20/18
...leaders include: Louise Sunshine, Ryan Serhant, Sharif El-Gamal, Michael Shah, Bruce Mosler, Bess Freedman, Young Woo, Ken Fisher, Bob Knakal and more. We’ve...

12/17/18
...Louise Sunshine, Ryan Serhant, Bruce Mosler, Sharif El-Gamal, Michael Shah, Young Woo, Bob Knakal and more. If you are VP level or higher, please...

12/10/18
...Louise Sunshine, Ryan Serhant, Bruce Mosler, Sharif El-Gamal, Michael Shah, Young Woo, Bob Knakal and more. If you are VP level or higher, please...

12/07/18
...residential units and 12 commercial units. Delshah Capital head Michael Shah plans to renovate them and raise rents by a collective 31 percent in two years...

12/03/18
...Louise Sunshine, Ryan Serhant, Bruce Mosler, Sharif El-Gamal, Michael Shah, Young Woo, Bob Knakal and more. If you are VP level or higher, please...

11/20/18
...Louise Sunshine, Ryan Serhant, Bruce Mosler, Sharif El-Gamal, Michael Shah, Young Woo, Bob Knakal and more. If you are VP level or higher, please...

11/05/18
...-533 East 12th Street and Michael Shah Delshah Capital is making another multifamily play, buying an East Village rental property for...

10/19/18
...Michael Shah and 149 Rivington Street (Credit: Google Maps) Delshah Capital has closed on its acquisition of...

08/07/18
...Clockwise from left: Renderings of 22 Chapel Street, Michael Shah and Joseph Moinian (Credit: BuzzBuzzHome, Delshah Capital, and Moinian Group) Negotiations between the Moinian...

07/10/18
...smaller increments. In one of the bigger tranches, Michael Shah...

06/16/18
...at 65 West Broadway and a $130 million loan for Michael Shah’s five-building project at 30 Morningside Drive. Retail sales and leasing Eastern's stable of retail...

05/21/18
...Michael Shah and 149 Rivington Street (Credit: Google Maps) Michael Shah’s Delshah Capital is is buying a large Brooklyn-centric multifamily portfolio from Silvershore Properties...

04/24/18
...legal battle over the hotel years ago with Michael Shah...

02/12/18
...put the building on the market for $12.5 million. 2. Michael Shah...

02/06/18
...in the ranks: Co-founder Charlie Oshman jumped to Michael Shah’s Delshah Capital in 2016, the same year in which another co-founder, Guillermo Sanchez, left...

01/31/18
...From left: 100 Christopher Street, Michael Shah and Jack Jaffa Delshah Capital claims an expeditor failed to take care of violations...

01/31/18
...- 7) Shovel ready on Morningside Drive - $130 million Michael Shah’s Delshah Capital secured a $130 million construction loan for its 205-unit residential conversion of...

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

12/21/17
...off the vultures circling his holdings, such as Michael Shah, to whom Toledano allegedly said: “I will bury you.” 3) “Shim-sham con man” Kevin Maloney...

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

11/07/17
...From left: Michael Shah, 97 2nd Avenue and Raphael Toledano A federal judge threw out a bankruptcy case filed...

07/11/16
...lease the properties for 96 years. 22 Chapel Street, Brooklyn  Michael Shah’s Delshah Capital and John Carson’s OTL Enterprises filed plans last month to...