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312 West 43rd Street, Manha...

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

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.

Players

Amir Shriki

Aya Acquisitions

Buyer

$460.3M

vol

10 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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