facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

All

/

Sale

/

401 West 207th Street, New ...

Jacob Aini Acquires Speedway Portfolio In Greenpoint, Inwood, Bedford-Stuyvesant, And East New York For $42.6M
SOLD

Jacob Aini Acquires Speedway Portfolio In Greenpoint, Inwood, Bedford-Stuyvesant, And East New York For $42.6M

401 West 207th Street, New York City, New York 10034, United States

$42,600,000

Building Size

Asset Type

Closing

Mar 15, 2022

AI

The package deal involving properties at 401 W. 207th St., 210 Greenpoint Ave., 1885 Atlantic Ave & 2880 Atlantic Ave. has been sold for a price of $42,600,000. The properties are situated in the markets of Greenpoint, Inwood, Bedford-Stuyvesant, and East New York.

Summary of transaction details

Andrew Sasson and Chad Sinsheimer from Ackman-Ziff represented the buyer, Jacob Aini, in this transaction. Speedway, represented by Gregory Whitman, served as the seller. The package deal consists of properties located at 401 W. 207th St., 210 Greenpoint Ave., 1885 Atlantic Ave & 2880 Atlantic Ave.

Players

Andrew Sasson

Ackman-Ziff

Broker

$534.2M

vol

11 deals

Broker
S
SpeedwaySeller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93