Amir Shriki Of Aya Acquisitions Secures $45M Loan From OakNorth Bank For Midtown Hotel
66 West 45th Street & 70 West 45th Street
$45,000,000
Units
165
Asset Type
Hotel
Closing
Sep 9, 2025
About this deal
AI
The asset involved in this transaction is a hotel comprising 165 units located at 66-70 West 45th Street in Midtown Manhattan. The property was acquired through a foreclosure sale for $54.74 million and is financed by a mortgage of $45 million sourced from OakNorth Bank.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $54,740,000
- Loan Amount: $45,000,000
- Market: Midtown Manhattan
- Landlord: Amir Shriki - Aya Acquisitions
- Brokers: Matthew Dzbanek & Matt Swerdlow - Ariel Property Advisors
The key individuals involved in this transaction include Amir Shriki representing the landlord, while brokers Matthew Dzbanek and Matt Swerdlow facilitated the deal under Ariel Property Advisors. The financing was arranged through OakNorth Bank to support the acquisition process.
On the Map
$45,000,000
Hotel
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New York Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93