Delshah Capital
Founded in 2006 by Michael Shah, Delshah Capital is a vertically integrated real estate investment and asset management firm based in New York City. Headquartered in Manhattan's East Village, it specializes in acquiring, developing and managing multi-family rental housing as well as retail and hospitality properties. The firm's portfolio spans more than 50 buildings across Manhattan and Brooklyn, comprising roughly 2,000 apartments. Its residential projects range from renovated prewar walk-ups to new midrise towers, often with high ceilings and in-unit laundry. Delshah-managed properties typically offer lifestyle amenities such as rooftop terraces, fitness centers, residents' lounges and doorman or concierge service, along with full-service on-site property management.
Delshah's investments extend beyond apartments into commercial and hospitality projects. For example, it redeveloped the landmark St. Luke's Hospital at 30 Morningside Drive in Manhattan's Morningside Heights into upscale rental apartments. The firm's strategy emphasizes adding value through renovation and amenity upgrades, blending historic architectural detail with contemporary design. For renters, this means living spaces that combine classic character—preserved facades or soaring ceilings—with modern comforts. Overall, Delshah positions its properties as well-appointed urban residences that marry neighborhood charm with convenience, making them appealing choices for New Yorkers seeking both style and service in their city homes.
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2
Rental Buildings
Under Management
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