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Realm And Delshah Capital S...

Updated May 26, 2026

Bilt advertisement
FINANCED

Realm And Delshah Capital Secure $88 Million Acquisition Loan For Office Building In Manhattan

156 West 56th Street

$88,000,000

Building Size

Asset Type

Closing

May 26, 2026

About this deal

AI

The asset involved in this transaction is an office building located at 156 West 56th Street in Manhattan, offering a total of 377,500 square feet. The acquisition was valued at $137.5 million, with Affinius Capital providing a loan amount of $88 million specifically for the office portion of the CitySpire project.

Summary of transaction details:

This transaction included a joint venture involving DelShah Capital, A.M. Property Holding Corporation, and REALM, with Affinius Capital facilitating the acquisition financing. The lenders and brokers involved played a significant role in orchestrating the deal, ensuring the successful transfer of the property assets.

Players

Adam Doneger

Newmark

Broker

$52.1B

vol

196 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker
Affinius Capital
Affinius CapitalLender
Michael Shah

Michael Shah

Delshah Capital

Landlord

$1.3B

vol

25 deals

Landlord

Market CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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