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Michael Shah Of Delshah Capital, Paul Wasserman Of AM Property Holding Acquire Office At 150 West 56th Street For $130M

Property Image
SOLD
$130,000,000
Rob Speyer

New York

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Office309,391 SF
Sold 05/26/2026
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Property Image
SOLD

Michael Shah Of Delshah Capital, Paul Wasserman Of AM Property Holding Acquire Office At 150 West 56th Street For $130M

150 West 56th Street

See Similar Deals
Office309,391 SF
Sold 05/26/2026
Rob Speyer
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$420
Total Square Footage:309,391 SF
Transaction Type:Sale

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

1 deal
BUYER

Michael Shah
22 deals$1.1B volume
BUYER

Rob Speyer
Tishman Speyer
35 deals$3.9B volume
SELLER

Details

SOLD
IMAGE: Michael Shah, Nathan Wasserman & Rob Speyer DATE: 05/26/2026 ADDRESS: 150 West 56th Street MARKET: Midtown West, Manhattan ASSET TYPE: Office BUYER: Michael Shah - Delshah Capital, Paul Wasserman - AM Property Holding & Realm SELLER: Rob Speyer - Tishman Speyer (@TishmanSpeyer) SALE PRICE: $130,000,000 SF: 309,391 - PPSF: $420 NOTE: Delshah Capital, AM Property Holding, and REALM bought the 24-floor office and retail condominium at CitySpire tower at 150 West 56th Street in Midtown West for $130 million from Tishman Speyer and GIC via CitySpire REIT Inc., closing May 26 and recording June 4, 2026.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$461,862.55
Cash-on-Cash Return-1.27%
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