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Michael Shah Of DelShah Capital And Nathan Wasserman Of A.M. Property Acquire CitySpire For $135.7M

Property Image
SOLD
$135,700,000
Joshua King
Douglas (Doug) Harmon
+ 4

New York

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Office377,452 SF
Sold
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Property Image
SOLD

Michael Shah Of DelShah Capital And Nathan Wasserman Of A.M. Property Acquire CitySpire For $135.7M

156 West 56th Street

See Similar Deals
Office377,452 SF
Sold
Joshua King
Douglas (Doug) Harmon
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$359
Total Square Footage:377452 SF
Transaction Type:Sale

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:

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.

Players

Adam Doneger
185 deals$50B volume(516) 317-7837
BROKER

Avery Silverstein
Newmark
60 deals$14B volume(212) 850-5432
BROKER

Adam Spies
Newmark
256 deals$71.4B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
126 deals$47.5B volume
BROKER

Joshua King
Newmark
111 deals$31.8B volume(212) 850-5427
BROKER

Marcella Fasulo
Newmark
90 deals$25.7B volume
BROKER

Maxwell (Max) Pazzaglini
Newmark
1 deal$135.7M volume(212) 655-0694
BROKER

Delshah Capital
BUYER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Michael Shah, Nathan Wasserman, Marcella Fasulo, Avery Silverstein & Maxwell Pazzaglini DATE: 2/25/2026 ADDRESS: CitySpire - 156 West 56th Street MARKET: Manhattan ASSET TYPE: Office / Mixed Use BUYER: Michael Shah - DelShah Capital & Nathan Wasserman - A.M. Property Holding Corporation SELLER: Tishman Speyer BROKERS: Adam Spies, Douglas Harmon, Adam Doneger (@ADoneger), Joshua King (@JoshAdamKing), Marcella Fasulo (@MMFasulo), Avery Silverstein (@Avery.Morgan810) & Maxwell Pazzaglini - Newmark (@Newmark) SALE PRICE: $135,700,000 SF: 377,452 ~ PPSF: $359

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,237,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$482,113.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$643,287.23
Annual Debt Service$7,719,446.77