Michael Shah’s Delshah Capital is selling a distressed Meatpacking District property at 58-60 Ninth Avenue for $21 million to BNF Capital, the family office of oil billionaire investors behind Perenco. The sale follows a bankruptcy filing after a $28 million mortgage on this and another property at 69 Gansevoort Street defaulted. The Gansevoort building is in contract to sell for $9.25 million. Combined proceeds will help pay down $35.2 million in debt.
Michael Shah’s Delshah Capital
