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Realm And Delshah Capital S...

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

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

$50.1B

vol

190 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

23 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