Affiliates Of Tal Adini & AYA Acquisitions Secure $50M Loan From J.P. Morgan Chase
740 West End Avenue
$50,000,000
Units
271
Asset Type
MultiFamily
Closing
May 1, 2025
AI
The property asset involved in this transaction is a multifamily asset located at 740 West End Avenue, situated in the Upper West Side of Manhattan. The asset comprises 271 residential units within a total square footage of 252,891. Affiliates of Tal Adini and AYA Acquisitions secured a loan of $50,000,000 from J.P. Morgan Chase to finance this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Address: 740 West End Avenue
- Market: Upper West Side, Manhattan
- Units: 271
- Lender: J.P. Morgan Chase
- Landlord: Affiliates of Tal Adini & AYA Acquisitions
This transaction involves key individuals and institutions, notably the collaboration of Tal Adini and AYA Acquisitions in securing financing for their portfolio of 13 residential properties, contributing to their holdings in the Manhattan real estate market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93