Delshah acquired 130 Orchard Street in August 2015 for $28 million with the objective of renovating and repositioning the Property. 130 Orchard is a six-story elevator building located in a prime area of the Lower East Side and includes 18 residential units and 4 combinable retail spaces on the ground level, in addition to a fully leasable basement. The Property sits on an oversized lot, with 67 feet of frontage on Orchard Street between Delancey and Rivington and significant future redevelopment makes 130 Orchard a prime location on the verge of experiencing outsized residential and retail rental growth relative to the broader Manhattan market.