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

Posted on: September 29th, 2015 at 5:00 am by
This image has been archived or removed.

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.

Recent Stories

Levain Bakery to Open First Downtown Location on Lafayette Street Next Week

In a first, Levain Bakery is headed downtown. News that we first reported in March 2019. Now, more than a year after breaking the news, the sweets shops confirms that next Wednesday (February 26) is the opening date at 340 Lafayette Street (at Bleecker Street). Teaser signage in the window had promised this debut as […]

Hoy Wong Restaurant Fades After 42 Years on Mott Street

A Chinatown stalwart is now retired. The Hoy Wong restaurant at 81 Mott Street closed down last weekend. A handwritten sign on the front door explains that the lease was up, and ownership elected to retire instead of renew. The eatery spent 42 years in the neighborhood and a popular pit-stop for locals and tourists. […]

Scarr’s Pizza is Planning a Second Location at a Midtown Food Hall

Out of nowhere, news that Scarr’s Pizza is expanding to include a second city location this spring. Eater had the scoop yesterday, citing the website of the architecture firm Le Whit, which lists the pizzeria as client. The new location is similarly small – 250 square-feet, but “reiterating the restaurant’s current branding” with its “retro […]

Talkin’ ’bout My Generation: Memories of Bill Graham and the Fillmore East

While working on our story about the new “Bill Graham and The Rock & Roll Revolution” exhibit at the New-York Historical Society, this reporter started collecting personal stories and memories of Graham’s legendary music venue, the Fillmore East. Located on Second Avenue and East 6th Street, the building began life in 1926 as The Commodore, […]

Chatham Square Library Closed for ‘Building Repairs’ Until Next Month

The Chatham Square Library is currently down for maintenance. The so-called “building repairs and improvements” are scheduled to last through February 29, with the library itself to reopen the following Monday (March 2). Until then, borrowers can return books and periodicals to the Seward Park branch just down East Broadway. The Chatham Square branch of […]