Aya Acquisitions Acquires Mixed-Use Property In Midtown West For $20M
312 West 43rd Street, Manhattan, New York, NY, USA
$204,000,000
$692/SF
Building Size
294,761 SF
Asset Type
Mixed-use
Closing
Nov 21, 2021
AI
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.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93