May 31, 2025

Shah’s Halal Expands with New Location on Upper West Side

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News Summary

Shah’s Halal, a family-owned international halal restaurant chain, has signed a 15-year lease for a new location on Amsterdam Avenue in New York City. The restaurant will occupy 1,800 square feet and reflects the chain’s expansion plans, catering to a growing clientele seeking authentic halal cuisine. Meanwhile, the real estate market remains active with significant transactions in retail, education, and multifamily sectors, indicating a robust recovery in NYC’s commercial landscape.

New York City – Shah’s Halal, a family-owned international halal restaurant chain, is set to open a new location at 720 Amsterdam Avenue on the Upper West Side after signing a 15-year lease. The space encompasses 1,800 square feet and is situated in a mixed-use property. Esther Perlstein is the landlord, while Meridian Capital Group’s brokers Noam Aziz and Carson Sharabani represented both parties in the transaction.

The establishment of Shah’s Halal on the Upper West Side signifies the chain’s ongoing expansion. Known for its halal offerings and commitment to quality, Shah’s Halal has gained popularity across various boroughs in New York City, catering to a diverse clientele searching for authentic halal cuisine.

In other real estate news, Aeffe Group has sold a mansion located at 30 West 56th Street, which has been converted into a showroom. The property was sold by Ferrim USA to PLT H&A for a price of $22.5 million, marking a significant transaction in the retail asset sector.

A new charter school has also made headlines by securing $70 million in financing for development. Located at 1472 Boston Road in the Bronx, the school is owned by Civic Builders and received funding from a diverse group of lenders including Build NYC, NYC Regional Center, JPMorgan Chase, Capital Impact Partners, LISC, and the Nonprofit Finance Fund. This financial backing is crucial for advancing the educational property aimed at serving the local community.

Meanwhile, a 10-story multifamily building at 110 Horatio Street in the West Village has been mortgaged for $80 million. Rockrose Development owns the property, and the loan was secured through AXA Investment Managers Alternatives. This transaction reflects the ongoing trend of substantial financing within Manhattan’s real estate sector.

In an additional development, the architectural firm Architectural Partnership Atelier has signed a long-term lease for 5,100 square feet of office space located at 200 Varick Street in Hudson Square. The lease agreement spans seven years, with GFP Real Estate acting as the landlord. This deal is further indicative of the robust demand for office space in the Manhattan area, as firms continue to seek suitable locations for their operations.

Another real estate development sees a new office building in Prospect Lefferts Gardens sold for $16.5 million. Located at 646 Parkside Avenue, the seller, Solomon Landau, transferred ownership to buyer Mordechai Adler, highlighting continued investment activity in Brooklyn’s commercial property market.

Lastly, a multifamily building at 235 Central Park North in South Harlem has received a loan of $36.9 million from Lument. BFC Partners owns this property, and the financing will aid in its ongoing management and development, showcasing the positive trajectory of investment in rental properties within the neighborhood.

These transactions collectively reveal a dynamic and evolving real estate landscape in New York City, characterized by a blend of developments across various sectors including retail, education, office, and multifamily residential properties. As the city continues to recover and adapt post-pandemic, these investments suggest a robust recovery and ongoing interest from investors and businesses seeking opportunities in the metropolitan area.