Michael Shah

Shah Repositions Sago Hotel as ‘Micro Apartments’ for Macro Rents

Posted August 4, 2021 at 5:02 am

The Sago Hotel on Orchard Street is apparently no longer such. In fact, rooms are now rented as apartments on the open market. Landlord Michael Shah purchased the hotel development earlier this spring for $8.5 million. Now it appears the property at 119 Orchard is repositioned as “micro apartments” with flexible leasing (and high pricing). […]

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Landlord Michael Shah Nabs Sago Hotel on Orchard Street for $8.5M

Posted June 30, 2021 at 5:01 am

Controversial landlord Michael Shah has a new Lower East Side property in his proverbial quiver. This time it’s a Hell Square hotel. Shah purchased the Sago Hotel at 120 Allen Street back in April for $8.5 million, city records show. With the acquisition, the owner-developer (DelShah Capital) now boasts two properties across from one another […]

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Former Third-Generation Owner of Beckenstein’s Dies from COVID-19

Posted June 10, 2020 at 5:06 am

The former third-generation owner of Beckenstein’s Fabrics, a business with deep roots on the Lower East Side, passed away earlier this spring due to complications from coronavirus. Garry Greenberg succumbed to the illness on April 25. He was 68. Beckenstein’s has been a staple in New York City since 1918, when it was founded by […]

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Round Two Expands its Vintage Footprint in Hell Square

Posted July 3, 2019 at 5:04 am

Almost two years after landing on Stanton Street in Hell Square, vintage emporium Round Two doubled its reach. The business opened another store around the corner on Ludlow. The new shop, dubbed Vintage by Round Two, debuted last week at 138 Ludlow with much fanfare, and the requisite queue of eager shoppers. (Plus, hundreds of […]

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Local 138 Closes, Begins Renovating New Orchard Street Bar

Posted May 1, 2019 at 5:04 am

Hell Square dive bar, Local 138, closed down its longtime home on Ludlow Street this past Saturday night. It had been located at the namesake Ludlow Street address since opening in 1996. Since the announcement of the closure and impending move in January, work has been underway on the second coming. The new Local 138 […]

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Bi-level Mediterranean Nightspot Tries for Preserve 24 Space

Posted February 26, 2019 at 5:04 am

Looks like we may have spoken too soon. While a cheap pizza place took a slice of its former floor area, the Preserve 24 space is still fielding suitors. Word on the street is that nightlife impresario Alon Jibli is next in the long line of applicants for the bi-level space at East Houston and […]

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Renovation of DelShah’s 138 Ludlow Exposed Tenants to Hazardous Levels of Lead Dust

Posted January 28, 2019 at 5:00 am

Controversial real estate magnate Michael Shah is accused by tenants of 138 Ludlow Street for creating a dangerous living environment. Ongoing demolition inside the Ludlow Street walkup – acquired by DelShah Capital in January 2018 for $19 million – reportedly kicked up hazardous amounts of lead dust. The Department of Health conducted an inspection of […]

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CB3 Acrimoniously Approves ‘Local 138’ Move; Ludlow House Gets Go-Ahead for Libation-Killer

Posted June 19, 2018 at 5:00 am

The room was packed and distaste for both landlord Michael Shah and Libation ran high. For the SLA subcommittee of Community Board 3, the decision-making became quite nuanced. Local 138, 138 Ludlow Street Local 138 has been at its namesake address for nearly two decades, and is beloved by many in the neighborhood. Its current […]

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‘Local 138’ Dive Bar Plans Move Next Door on Ludlow Street

Posted June 18, 2018 at 5:03 am

The proprietors of two local Ludlow Street dives are reshuffling the deck, so to speak. John Cutillo, the man behind twelve-year-old Iggy’s and seven-year-old Local 138, is planning to move the latter watering hole directly next door to 140 Ludlow (same building). The space that was previously the short-lived Dana Foley boutique. As part of the […]

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Report: Michael Shah Acquires 149 Rivington Street as Part of $100M Portfolio Deal

Posted May 23, 2018 at 5:00 am

Delshah Capital, the real estate firm of controversial landlord Michael Shah, is close to closing on a “Brooklyn-centric” $100 million portfolio. According to The Real Deal, the blockbuster deal includes 28 buildings spread across Williamsburg, Bedford-Stuyvesant, Carroll Gardens, and Bushwick, as well as two buildings on the Lower East Side. While the addresses aren’t clear, […]

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