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

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.


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

11/23/16
Abraham Leser’s Leser Group is in contract to buy a 221,208-square-foot building at 2009-2025 Seward Avenue in the Bronx for $33.7 million, according to documents...

07/26/16
Abraham Leser’s Leser Group is selling $32.5 million worth of bonds on the Israeli market. The issuance will be the first by a North American...

07/11/16
Most of the city’s large-scale real estate developments formally proposed in June were massive office projects, the biggest being Tishman Speyer’s nearly 1 million-square-foot project...

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

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

05/11/16
...have already got to know the company through its roadshow. Michael Shah The institutional tender represents a majority of the total debt...

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

02/11/16
KBS Strategic Opportunity REIT filed a public draft prospectus with the Israel Securities Authority, detailing the company’s bid to become the first American real estate...

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

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...

12/03/15
Joel Gluck’s Spencer Equity Group closed its second Israeli bond issuance this week, raising a total of $59 million through a debt offering on the...

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

Michael Shah 221 West 17th Street fire2
10/21/15
...From left: The Dorian fire at 221 West 17th Street and Michael Shah As five-alarm fires go, Tuesday morning's inferno at the site...

Michael Shah 221 West 17th Street fire thumb
10/20/15
...th Street (credit: FDNY), a rendering of the Dorian and Michael Shah Delshah Capital's Dorian, a luxury condominium development in Chelsea, went...

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

06/30/15
...th streets not owned by Macy’s sold for $14 million. Michael Shah’s DelShah Capital purchased the two-story, two-unit commercial building at...

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

221 West 17th Street
05/21/15
...From left: Michael Shah, rendering of 221 West 17th Street in Chelsea and Fredrik Eklund...

04/10/15
Celebrated architect Bjarke Ingels lightheartedly threw a bit of cold water on the egos of developers the other evening as he explained that his design...

02/12/15
TRD Profile:UPDATED February 12, 1:45 p.m.: Madison Realty Capital, a real estate investment firm that did about $900 million worth of deals last year, was almost...

09/15/14
UPDATED, 3:33 p.m., Sept. 17: Less than a year after paying $18.2 million for a 65,000-square-foot multifamily rental building in Bedford-Stuyvesant, Springhouse Partners just sold...

08/13/14
...Josh Zegen, the Morgan Lofts at 11 East 36th Street and Michael Shah UPDATED, 3:08 p.m., August 14: The Bobker Group will get to...

05/28/14
...West 17th Street (Inset: Michael Shah) Real estate investment firm DelShah Capital bought a six-story commercial...

02/17/14
...Flatiron Hotel at 9 West 26th Street (Inset: Michael Shah) Real estate investor Robert "Toshi" Chan said he plans to...
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