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.


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...

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

09/27/17
...is also in a legal tussle with developer Michael Shah over a distressed walk-up at 97 Second Avenue. At the sane time, he is facing...

09/13/17
...From left: Michael Shah, 97 2nd Avenue and Raphael Toledano In an ongoing tussle over an 11-unit building on...

08/30/17
...Morningside Drive and Michael Shah UPDATED Aug. 30, 4:30 p.m.: Michael Shah’s Delshah Capital entered into a non-binding contract...

08/29/17
...From left: Michael Shah, Josh Zegen, Steve Witkoff, and Douglas Durst The trend has already been playing out...

08/10/17
...Morningside Drive and Michael Shah Israeli road show veteran Micheal Shah raised $52 million in a bond issuance on the...

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

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...

...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...

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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