Michael Shah Of DelShah Capital And Nathan Wasserman Of A.M. Property Acquire CitySpire For $135.7M
156 West 56th Street
$135,700,000
$359/SF
Building Size
377,452 SF
Asset Type
Office
Closing
Feb 24, 2026
About this deal
AI
The property involved in this transaction is located at CitySpire, 156 West 56th Street in Manhattan. The mixed-use asset has a total square footage of 377,452 and was listed at a transaction sale price of $135,700,000, translating to a price per square foot of $359.
Summary of transaction details:
- Property Type: Office / Mixed Use
- Transaction Amount: $135,700,000
- Buyer: Michael Shah - DelShah Capital
- Buyer: Nathan Wasserman - A.M. Property Holding Corporation
- Seller: Tishman Speyer
- Brokers: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein & Maxwell Pazzaglini - Newmark
The transaction was represented by multiple brokers from Newmark, highlighting the significance of the deal within the Manhattan market. Key figures Michael Shah and Nathan Wasserman are noted for their roles as buyers, representing their respective companies in this significant acquisition.
On the Map
$135,700,000
$359/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93