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
About this deal
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
- Property Type: Package Deal
- Transaction Amount: $42,600,000
- Buyer: Jacob Aini
- Seller: Speedway - Gregory Whitman
- Brokers: Andrew Sasson & Chad Sinsheimer - Ackman-Ziff
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.
On the Map
$42,600,000
View full map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse New York sales on Traded.
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