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
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:
- Property Type: Office
- Transaction Amount: $137,500,000
- Loan Amount: $88,000,000
- Loan Type: Acquisition
- Market: Manhattan
- Landlord: Realm
- Landlord's Representatives: Michael Shah - Delshah Capital & A.M. Property Holding Corporation
- Brokers: Adam Spies, Avery Silverstein, Adam Doneger, Joshua King, Marcella Fasulo, Jordan Roeschlaub, Christopher Kramer, Nick Scribani, Tim Polglase - Newmark
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
Market CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
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