Michael Shah
Ceo
Delshah Capital
Owner
114 E 13th St Frnt 1, New York, NY 10003
Delshah Capital portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$169.6 million – elevator 38.0%, walkup 24.0%; Manhattan 77.0%, Brooklyn 22.0%
338th largest portfolio by dollar value
715,705 sqft – walkup 39.0%, elevator 37.0%;
440th largest by SF
51 properties – Brooklyn 50%, Manhattan 49%
106th largest
596 residential units – Manhattan 52.0%, Brooklyn 47.0%
329th largest by residential units
4 foreclosures, 2 bankruptcies, 14 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 6 for $105.5 million
Borrower signatory: 1 for $165 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Signature Bank (3), Manocherian Brothers (2), Aria Development Group (2), Arbor Realty Trust (2), Joel Lefkowitz (1), Republic First Bank (1), John Schreiber (1), Amherst Capital Management (1), Conway Capital (1), Apollo Global Management (1)
Top Ten Associated People:
Joshua Benaim (2), Zachary Bermudez (2), Jeffrey S. Wall (1), John Schreiber (1), Jason Rottinger (1), Ethan R. Cohen (1), Valerie Rubin (1), Abe Richard Cohen (1), Jeffrey Horowitz (1), Chun Lee (1)
Recent activity as signatory:
• Delshah Capitaland Yoni Hadar sold 1038 Bedford Avenue, Bedford Stuyvesant, Brooklyn for $3.1 million to Joel Lefkowitz on November 06, 2024.
• Delshah Capital sold 57 Gansevoort Street, Meatpacking District, Manhattan for $57.7 million to RH on January 31, 2024.
• Delshah Capital sold 17 West 24th Street, Flatiron District, Manhattan for $8.2 million to Hong Bae Park on January 04, 2024.
• Delshah Capital sold 100 Christopher Street, West Village, Manhattan for $30 million to Lions Group on October 30, 2023.
• Delshah Capital sold 278 Dean Street, Boerum Hill, Brooklyn for $3.5 million to Chun Lee on July 14, 2023.
• Delshah Capital borrowed $165 million from Apollo Global Management for 30 Morningside Drive, Morningside Heights, Manhattan on March 01, 2023.
• Delshah Capital sold 308 Kosciuszko Street, Bedford Stuyvesant, Brooklyn for $3 million to John Schreiber on February 22, 2023.
• Delshah Capital sold 221 West 17th Street, Chelsea, Manhattan for $3.4 million to company on December 28, 2022.
• Delshah Capital borrowed $70 million from Signature Bank for 278 Dean Street, 219 13th Street, 372 Baltic Street, 193 Sackett Street, 41 Henry Street, and others, Boerum Hill, Brooklyn on November 01, 2022.
• Delshah Capital sold 372 Baltic Street, Carroll Gardens, Brooklyn for $3.9 million to Conway Capital on October 28, 2022.
Latest Stories:
• RH pays $57.7M to Delshah Capital for hotel in Meatpacking District February 01, 2024
• Hong Bae Park pays $8.2M to Delshah Capital for retail in Flatiron District January 05, 2024
• Chun Lee pays $3.5M to Delshah Capital for 8-unit walkup in Boerum Hill July 17, 2023
• Delshah Capital gets $165M loan from Apollo to refi Morningside rental March 01, 2023
• John Schreiber pays $3M to Delshah for 8-unit walkup in Bedford Stuyvesant February 23, 2023