Michael Shah Of Delshah Capital, Paul Wasserman Of AM Property Holding Acquire Office At 150 West 56th Street For $130M
150 West 56th Street
$130,000,000
$420/SF
Building Size
309,391 SF
Asset Type
Office
Closing
May 26, 2026
AI
The property asset involved in this transaction is a 24-floor office and retail condominium located at 150 West 56th Street in Midtown West, Manhattan. The transaction was valued at $130,000,000, with the total square footage being 309,391 and a price per square foot of $420.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $130,000,000
- Address: 150 West 56th Street
- Market: Midtown West, Manhattan
- Square Footage: 309,391
- Price per Square Foot: $420
- Buyer: Michael Shah - Delshah Capital, Paul Wasserman - AM Property Holding & Realm
- Seller: Rob Speyer - Tishman Speyer
- Closing Date: May 26, 2026
- Recording Date: June 4, 2026
Michael Shah from Delshah Capital, Paul Wasserman representing AM Property Holding, and Realm were the buyers in this transaction while Rob Speyer from Tishman Speyer served as the seller. Delshah Capital, AM Property Holding, and Realm acquired the property from Tishman Speyer and GIC through CitySpire REIT Inc.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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