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65 West 96th Street

Michael Shah Of Delshah Capital Acquires Retail Asset In Manhattan From David Goldban For $12.875M
SOLDRetail

Michael Shah Of Delshah Capital Acquires Retail Asset In Manhattan From David Goldban For $12.875M

65 West 96th Street

$12,875,000

$1,105/SF

Building Size

11,642 SF

Asset Type

Retail

Closing

Jun 11, 2026

AI

A retail asset located at 65 West 96th Street in Manhattan has been sold for $12,875,000. The property spans a total of 11,642 square feet, resulting in a price per square foot of $1,106.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,875,000
  • Buyer: Michael Shah - Delshah Capital
  • Seller: David Goldban - Starrett Companies
  • Date of Transaction: June 11, 2026
  • Square Footage: 11,642
  • Price per Square Foot: $1,106

Michael Shah represents Delshah Capital in the acquisition, while David Goldban represents Starrett Companies as the seller in this transaction.

Players

Michael Shah

Delshah Capital

Buyer

$1.3B

vol

25 deals

Buyer

David Goldban

Starrett Companies

Seller

$35.5M

vol

2 deals

Seller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93