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106 East 7th Street, New Yo...

Aya Acquisitions Acquires Multifamily Properties In Chelsea, East Village, Gramercy, And Upper East Side For $44M
SOLDMultiFamily

Aya Acquisitions Acquires Multifamily Properties In Chelsea, East Village, Gramercy, And Upper East Side For $44M

106 East 7th Street, New York City, New York 10009, United States

$44,000,000

$577/SF

Building Size

76,236 SF

Asset Type

MultiFamily

Closing

Jun 8, 2022

AI

The sale of a multifamily property has taken place, involving the following addresses: 106 East 7th Street, 217 East 22nd Street, 638-640 East 14th Street, 239 West 15th Street, and 426 East 77th Street. The properties are located in Chelsea, East Village, Gramercy, and the Upper East Side. The transaction was completed on June 9, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $44,000,000
  • Units: 134
  • Price per Unit (PPU): $328,358
  • Total Square Footage (SF): 76,236
  • Price per Square Foot (PPSF): $577

The buyer in this transaction was Aya Acquisitions, represented by Amir Shriki. The deal was facilitated by the brokers Hall Oster, Teddy Galligan, Bob Knakal, Jonathan Hageman, Clint Olsen, and Guthrie Garvin from JLL.

Players

Clint Olsen

JLL

Broker

$702.9M

vol

22 deals

Broker
Amir Shriki

Amir Shriki

Aya Acquisitions

Buyer

$460.3M

vol

10 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93