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

Posted on: September 29th, 2015 at 5:00 am by
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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 on Orchard for $28 million. Ariel Soudry purchased the property earlier this month (September 16) under the shell of “19 Stanton Realty LLC,” which is linked to Better Living Properties Management. According to public records, the price tag for said transaction was a cool $12 million.

The Soudry family is on a buying spree of sorts, having recently purchased 210 Rivington Street from Samy Mahfar four months ago, also for $12 million. They also maintain real estate offices next door to the recent acquisition, at 17 Stanton.

Soudry is a controversial character. Back in 2010, both he and his wife collected Medicaid benefits even though they had $2 million in the bank, a New Jersey vacation home, and a Range Rover. The couple had “canceled their own health insurance, pretended to be poor and used $59,000 in government benefits.”

19 Stanton was previously under scrutiny thanks to legal proceedings between DelShah principal Michael Shah and former partner Matt Levine. Both had opened Cocktail Bodega here in 2012, barely lasting a year. A fallout between Shah and Levine followed, and the latter filed a $20 million lawsuit which is still pending.

Leave Rochelle Out of It followed in the wake of Cocktail Bodega, but remains shady, as Levine’s name still appears on the liquor license yet has no stake in the business.

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