Delshah Capital Acquires Mixed-Use Property In Lower East Side For $8.5M

A mixed-use property located at 119 Orchard St. (also known as 120 Allen St.) in the Lower East Side was recently sold for $8,500,000. The property spans 16,500 square feet, resulting in a price per square foot of $515. The sale took place on April 9, 2021.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,500,000
• Address: 119 Orchard St. (aka 120 Allen St.)
• Market: Lower East Side

The buyer of the property was Delshah Capital, with Michael Shah representing the company. The seller was Shimon Avadi. The sale was facilitated by brokers Michael F. DeCheser and Bryan F. Hurley from Team Decheser at CushWake.