DelShah Capital

Michael Shah Spent $19M on this Hell Square Tenement Building

Posted January 19, 2018 at 5:11 am

On Wednesday, we reported that Michael Shah (Delshah Capital) picked up the Hell Square tenement at 138 Ludlow Street. With the transaction now public, it appears the controversial landlord paid $19 million for the property. Spending that kind of coin on a pre-war walkup means one thing. The requisite upscaling to luxury living. “Despite its […]

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Michael Shah Scoops up 138 Ludlow Street in Hell Square

Posted January 17, 2018 at 5:00 am

Fresh off the failed bid to score a liquor license for Dos Cientos, news comes down the pike today about landlord Michael Shah acquiring a Hell Square walk-up building. His DelShah Capital firm reportedly purchased 138-140 Ludlow Street under the shell company “DS 138 Ludlow LLC.” The sale just closed, so final price has yet […]

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Galerie Perrotin Adds itself to Classic Beckenstein Signage on Orchard Street

Posted January 2, 2018 at 5:00 am

Beckenstein now shills for Perrotin on the Lower East Side. Truth. In a sneaky stroke of the brush, Galerie Perrotin is now part of the S. Beckenstein story at 130 Orchard Street. Fresh off its recent completion of additional upper-level exhibition space, the Paris-based gallery added itself to the classic red-white-and-yellow exterior signage. Take a […]

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Art

‘Galerie Perrotin’ Opens at Orchard Street’s Beckenstein Building Tomorrow

Posted April 26, 2017 at 5:04 am

Over at 130 Orchard Street, gone is the plywood and daily train of dumpsters at curbside. This gallery is ready to roll. Only partially complete – construction has been ongoing since the fall – the ambitious new outpost of Galerie Perrotin debuts tomorrow at the Beckenstein building on Orchard Street. The ground floor of the five-level showroom […]

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Five-Level ‘Galerie Perrotin’ Begins Build-out at Beckenstein Building on Orchard Street

Posted December 27, 2016 at 5:14 am

The historic Beckenstein building on Orchard Street is undergoing a massive retail shift as we speak. You’ll recall that the property was acquired by DelShah Capital in August 2015 for $28 million. Not surprisingly, the old-school vendors that operated here for upwards of a decade didn’t survive the transition. (World Hats moved up the block to […]

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Art

‘Galerie Perrotin’ Announces Massive 5-Level Gallery at Beckenstein Building on Orchard Street

Posted June 14, 2016 at 5:00 am

It looks like that controversial bait-and-switch proposed for the Beckenstein Building (b. 1902) – Orchard Street Social – hit a dead end. Word came down the pike yesterday afternoon that the three-year-old Galerie Perrotin is moving to the Lower East Side (“the city’s most dynamic arts neighborhood”) from the Upper East Side. The Paris-based Galerie Perrotin […]

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Art

Michael Shah Plans ‘Orchard Street Social’ Co-Working Space and Bar for Beckenstein’s Building

Posted May 3, 2016 at 5:00 am

Stanton Street Social, meet Orchard Street Social.​ Controversial landlord Michael Shah purchased the iconic “Beckenstein Building” at 130 Orchard Street last August for $28 million. The luxury rental property was quickly repositioned as “The Beckenstein,” and teamed up with Samy Mahfar’s Real New York brokerage for leasing. And now Shah is planning nightlife on the 5,000 […]

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Rochelle’s Co-Owner Was Arrested Last Week for Grand Larceny at Chelsea Market

Last modified March 28, 2017 at 11:29 pm

For Brett David, co-owner of Rochelle’s on Chrystie Street, bad decisions are indeed served nightly, as the byline on its Twitter page boasts. It appears the nightlife operator was busted last week (November 5) for allegedly stealing a coat from a designer sample sale in Chelsea Market. The above photo was posted to the bar’s […]

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DelShah Repositions 130 Orchard Street as ‘The Beckenstein’ After $28M Purchase

Last modified September 1, 2017 at 7:03 pm

The address 130 Orchard Street doesn’t exist anymore. At least not in the eyes of brokers hell-bent on selling all corners of the Lower East Side to the highest bidder. It’s now forever known as the predictable, The Beckenstein, an obvious homage to its roots as a textile factory. (Unclear if permission was obtained from […]

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DelShah Capital Sells 19 Stanton Street to Ariel Soudry for $12M

Posted September 29, 2015 at 5:00 am

Residents of 19 Stanton Street (aka 205 Chrystie) are now in for a “better living” experience. The property just changed hands from one terrible landlord to another. After roughly four years of ownership, Delshah Capital decided to cash out on the investment. Guess he needs to recoup some of the cost from purchasing the Beckenstein’s building […]

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