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

Posted on: October 7th, 2015 at 5:14 am by
This image has been archived or removed.

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 the family.)

Anyone coulda seen this one coming, though. As previously reported, Michael Shah (DelShah Capital) purchased the hulking neighborhood icon back in August for $28 million. This must be the touted grand plan to, in his own words, “lead the way for a transformation of Orchard Street.”

The property is now positioned as high-end luxury to compete with the glut of similar residential living nearby. Just check out the new website for “One Thirty Orchard” aka The Beckenstein.

This image has been archived or removed.

The 28,000 square-foot building boasts eighteen market-rate units and 5,000 square-feet of commercial space on the ground level. Other amenities include elevator, in-unit laundry, private and common terraces, and twenty-foot ceilings. Shah apparently paired up with Real New York – landlord Samy Mahfar’s real estate brokerage – to rep the property. For instance, we came across a three-bedroom unit currently on the market for a whopping $6,969.

And then there’s the retail component at 130 Orchard. The picked-through remnant of old-school vendors that occupied the four stores gradually departed (or were forced out) and not replaced. “Blue sky” renderings of the repositioned property show a combined commercial space with some sort of gallery holding court.

The Beckenstein’s fabric business, whose name remains painted on the facade, moved from Orchard Street in 2003 after more than eighty years. It now maintains a presence in the Garment District.

This image has been archived or removed.

Recent Stories

I May Survive Coronavirus, but My Friendships Won’t [OP-ED]

While I may survive the COVID-19 pandemic, some of my friendships won’t. As xenophobia grips the masses, racist attacks and harassment against Asians are on the rise at home and abroad. While many would condemn attacks or harassment on social media platforms, how many would intervene when it involves friends? Sadly, my guess is probably not […]

Tenement Museum Faces ‘Extraordinary Crisis’ Amidst COVID-19 Shutdown

The Tenement Museum is struggling to stay afloat, as the COVID-19 shutdown eliminated foot traffic and steady funding. Since closing to the public on March 14, the Lower East Side museum laid off 13 full-time employees (out of 66) – mostly from marketing, visitor services, and gift shop – and told another 40 not to […]

Grindr Date at Baruch Houses Gone Awry as Man Robbed with Taser, Amidst COVID-19 Crisis

A man was threatened with a taser and robbed in the Baruch Houses this week after a Gindr meetup gone awry, police said. The victim had been corresponding with another man on the Grindr dating app, and arranged an early-morning meetup at the Baruch Houses on March 23. (Nevermind, COVID-19.) At 7:30am, the victim arrived […]

Bowery Mission Serving Daily Meals to those in Need, Rain or Shine

While thousands across the city are isolating at home, there are others who don’t have many – if any – options for food or shelter during the Covid-19 pandemic. The Bowery Mission is helping to curtail that by handing out meals to people at their Bowery site. Earlier this week, staff and volunteers distributed “to-go” […]

In Memoriam: Big Steve of East 3rd Street

A fixture on the Lower East Side for decades, Juan “Stevie” Guzman passed away last week of heart complications. He was kind, gentle and hilarious. Affectionately known as “Lil’ Steve,” and later, “Big Stevie,” he and his family lived on East 3rd Street and First Avenue since the 1960s. Many of of his relatives still […]