![\"CitySpire](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/05\/465879c0aaf196a6f67854b1424e5829.jpeg\")
<\/a> CitySpire 156 W 56th Street, Midtown Manhattan <\/p>\nAdjacent to\u00a0Central Park with strong transit access and exceptional amenities,\u00a0CitySpire\u00a0is a Class A office asset\u00a0located\u00a0in one of Manhattan’s most sought-after office corridors. Purchased at an attractive 8.5% cap rate, the property features renovated\u00a0common areas, high-end finishes, and a roster of tenants including Caleres, Windels Marx Lane & Mittendorf, LLP, and New York Road Runners.<\/p>\n
Built in 1987 and\u00a0maintained\u00a0by institutional ownership, the property has undergone approximately $22 million in capital improvements,\u00a0with\u00a098% occupancy,\u00a0and requires no near-term capital expenditures, supporting durable cash flow and attractive investor returns. Manhattan office leasing activity reached pre-pandemic highs in late 2025, further strengthening market fundamentals.<\/p>\n
“CitySpire\u00a0represents the type of opportunity we seek in today’s market,” said Travis King, Founder and CEO of REALM. “While capital markets\u00a0remain\u00a0cautious on office, we see strong fundamentals in premier Midtown assets, where leasing activity and occupancy continue to outperform.\u00a0CitySpire\u00a0reflects our focus on highly selective investments with strong downside protection and long-term upside.”<\/p>\n
Green Street ranks New York office assets first in the United States for projected five-year M-RevPAF\u00a0growth at 5.3%, reinforcing expectations that well-located Midtown properties will\u00a0benefit\u00a0from durable tenant demand and constrained new supply.<\/p>\n
About REALM \u00a0 About Delshah Capital
REALM is an exclusive investment collective consisting of more than 130\u00a0family offices dedicated to direct real estate investing.\u00a0An\u00a0invite-only platform, REALM\u00a0leverages\u00a0the relationships, experience, and capital of its members to source and execute superior real estate investments. With over $6\u00a0billion of\u00a0real estate transaction experience, REALM’s principals have a proven\u00a0track record\u00a0of investing successfully across a variety of property types, geographies, and cycles. REALM<\/a><\/p>\n
Delshah Capital is a New York City-based vertically integrated real estate private equity and asset management firm focused on multifamily, office, retail, and hospitality investments throughout New York City. Founded in 2006, the firm currently owns and operates a portfolio totaling more than two million square feet across the five boroughs.<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Midtown Location Near Central Park With 98% Occupancy, $22M in Recent Capital Improvements NEW YORK, May 26,…\n","protected":false},"author":2,"featured_media":243934,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[95263,95264,75,84,83,3412,95266,9,24,2458,63,95267,95265,76484,95262],"class_list":["post-243933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-a-m-properties","tag-cityspire","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-midtown-manhattan","tag-midtown-properties","tag-new-york","tag-new-york-city","tag-new-york-road-runners","tag-nyc","tag-office-condominium","tag-office-corridors","tag-real-estate-investing","tag-realm"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/243933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=243933"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/243933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/243934"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=243933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=243933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=243933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}