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 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.


06/14/17
Trump’s sister sells Westhampton Beach home for $3.7M  It’s all in the family — especially when it comes to pricey real estate. Elizabeth Trump Grau,...

06/14/17
We won’t bury the lede: The former Water Mill residence of Arthur Gelb, a legendary managing editor at The New York Times, has hit the...

04/10/17
...Street, forcing the developer to suspend marketing temporarily. Michael Shah, CEO of Delshah, said sales have since resumed, and “construction is ongoing and moving...

12/28/16
...Morningside Drive and Michael Shah Michael Shah tapped the Israeli bond market to help finance his acquisition of a former hospital...

11/23/16
...company Arkar Inc., which bought the building from Michael Shah...

11/07/16
...Group, Jason Lee’s Six Sigma NYC and Michael Shah’s Delshah Capital, among others. Spellman’s six-person team is currently involved in 10 projects...

07/26/16
...KBS, Yoel Goldman’s All Year Managament and Michael Shah...

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...

06/16/16
...Morningside Drive (Inset: Michael Shah) Five months after raising $102 million on the Israeli bond market, Michael Shah’s Delshah...

06/15/16
...Chapel Street. (Inset top to bottom: Delshah Capital's Michael Shah, OTL Enterprises' John Carson) Michael Shah’s Delshah Capital and John Carson’s OTL...

05/11/16
...got to know the company through its roadshow. Michael Shah The institutional tender represents a majority of the total debt issuance – up to 80 percent...

03/22/16
...resident farmers for its rooftop gardens and beehives, Michael Shah hired a psychologically-bruising personal trainer, the "Endless House" at exhibition came to the Museum...

02/11/16
...of accessing affordable, corporate-grade debt. Most recently, developer Michael Shah’s Delshah Capital raised more than $102 million through a bond offering in Israel that...

01/12/16
...The Tel Aviv Stock Exchange (inset: Michael Shah) Michael Shah’s Delshah Capital closed its Israeli debt offering this week by raising more than...

01/08/16
...Gansevoort Street in the Meatpacking District (inset: Michael Shah) Michael Shah’s Delshah Capital secured nearly $82 million through the first phase of the...

12/03/15
...Aviv, valued at around $55 million, last week while Michael Shah’s Delshah Capital is seeking to raise around $80 million through its own issuance in...

10/30/15
...From left: Jacob Klein and Michael Shah Two real estate firms with sizable holdings in the New York City market are...

10/21/15
...The Dorian fire at 221 West 17th Street and Michael Shah As five-alarm fires go, Tuesday morning's inferno at the site of Delshah's Dorian condo...

10/20/15
...credit: FDNY), a rendering of the Dorian and Michael Shah Delshah Capital's Dorian, a luxury condominium development in Chelsea, went up in flames this...

08/13/15
...on the Lower East Side (inset, from left: Michael Shah, Joe Koicim and Peter Von Der Ahe) Michael Shah’s Delshah Capital acquired a...

06/30/15
...not 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 is...

05/22/15
...Seventh Avenue in Herald Square and Michael Shah Michael Shah’s Delshah Capital closed on the purchase of a Herald Square retail building on...

05/21/15
...From left: Michael Shah, rendering of 221 West 17th Street in Chelsea and Fredrik Eklund UPDATED, 1:18 p.m., May...

04/10/15
...Ortiz, Dan Riordan of Turnberry Associates, DelShah Capital's Michael Shah, Eran Chen of ODA New York, the New York Post's Lois Weiss, Terra Development...

02/12/15
...Madison has several competitors in the middle market. Michael Shah’s Delshah Capital also chases distressed assets, while Slate Property Group and Adam America...

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...
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