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Aya Acquisitions Acquires Mixed-Use Property In Midtown West For $20M

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SOLD
$204,000,000

New York

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Mixed-use294,761 SF
Sold 11/22/2021
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Property Image
SOLD

Aya Acquisitions Acquires Mixed-Use Property In Midtown West For $20M

312 West 43rd Street, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use294,761 SF
Sold 11/22/2021
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$692
Total Square Footage:294,761 SF
Transaction Type:Sale

321-325 West 42nd Street, located in Midtown West, Manhattan, has been sold in a mixed-use transaction for $20,000,000. The property spans a total area of 27,932 square feet, resulting in a price per square foot of $716. The sale was facilitated by the brokerage firm JLL, with Robert Knakal, Jonathan Hageman, Hall Oster, and Jacob Russell representing the buyer, Aya Acquisitions.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $20,000,000
  • Address: 321-325 West 42nd Street
  • Market: Midtown West, Manhattan
  • Square Footage: 27,932 SF
  • Price per Square Foot: $716
  • Buyer: Aya Acquisitions - Amir Shriki
  • Brokers: Robert Knakal, Jonathan Hageman, Hall Oster, and Jacob Russell - JLL

JLL played a pivotal role in the transaction, representing Aya Acquisitions throughout the process. Their expertise and negotiation skills ensured a successful deal for the buyer. This sale further solidifies the robust real estate market in Midtown West, Manhattan.

Players

10 deals$460.3M volume
BUYER

Details

SOLD
IMAGE: Robert Knakal, Jonathan Hageman, Hall Oster & Jacob Russell DATE: 03/29/2023 ADDRESS: 321-325 West 42nd Street MARKET: Midtown West, Manhattan ASSET TYPE: Mixed-use BUYER: Aya Acquisitions - Amir Shriki BROKERS: Robert Knakal (@BobKnakalNYC), Jonathan Hageman, Hall Oster & Jacob Russell - JLL (@JLL) SALE PRICE: $20,000,000 SF: 27,932 ~ PPSF: $716

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$724,768.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$967,064.08
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