58 9 Avenue
Chelsea, Manhattan
Parcel ID (BBL): 1007380079
Owner: Bnf Capital
Acquired: July 11, 2025, $21 million
Built: 1899
Renovated: 2015
SF: 7,719
Dwelling units: 3
No. of buildings: 2
Class: Primarily Three Family With Store or Office (S3)
Floors: 3
Legacy BBLs: 1007380079
Transactions:
• Delshah Capital sold 58-60 Ninth Avenue, Chelsea, Manhattan for $21 million to BNF Capital on July 11, 2025.
Development:
• Babak Khorrami filed plans for alteration in Chelsea, Manhattan, on July 08, 2024.
• Babak Khorrami filed plans for alteration in Chelsea, Manhattan, on July 08, 2024.
• Luis Feijo filed plans for major alteration for 51,619 sqft in Chelsea, Manhattan, on June 29, 2022.
• Luis Feijo filed plans for alteration in Chelsea, Manhattan, on June 09, 2022.
• Michael Shah filed plans for alteration in Chelsea, Manhattan, on September 27, 2016.
Litigation:
• Delshah Capital and Michael K. Shah on May 08, 2025, filed a $30 million bankruptcy 25-10950-pb for 58 9 Avenue that has creditor Series 2017-C5 and K-Star Asset Management.
• Porter House Condominium board filed a $325,000 lawsuit 655297/2024 against Delshah Capital and Michael Shah on September 16, 2024,seeking a money judgment related to constructionat 58 9 Avenue.
• Series 2017-C5 and K-Star Asset Management filed a $28 million pre-foreclosure 850254/2024 on July 23, 2024, against Delshah Capital, Michael Shah, Ranjana Shah and Darshan Shah at 58 9 Avenue.
• Series 2017-C5 and K-Star Asset Management filed a $28 million pre-foreclosure 1:24-cv-05421 on July 17, 2024, against Delshah Capital, Michael Shah, Ranjana Shah and Darshan Shah at 58 9 Avenue.
• Avison Young filed a $146,667 lawsuit 652275/2024 against Delshah Capital on May 02, 2024,seeking a money judgment related to commissionat 58 9 Avenue.