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
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