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

Property Image
SOLD
$44,000,000
Jonathan (Jon) Hageman
Guthrie Garvin
+ 4

New York

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MultiFamily76,236 SF
Sold 06/09/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily76,236 SF
Sold 06/09/2022
Jonathan (Jon) Hageman
Guthrie Garvin
+ 4
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$577
Total Square Footage:76,236 SF
Transaction Type:Sale

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
22 deals$702.9M volume
BROKER

Jonathan (Jon) Hageman
JLL
59 deals$2.5B volume(212) 812-5995
BROKER

Robert (Bob) Knakal
BK Real Estate Advisors
64 deals$3.2B volume(907) 509-9501
BROKER

Guthrie Garvin
JLL
41 deals$910.9M volume
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Teddy Galligan
JLL
58 deals$854.9M volume
BROKER

Amir Shriki
10 deals$460.3M volume
BUYER

Details

SOLD
IMAGE: Bob Knakal, Jonathan Hageman, Hall Oster, Teddy Galligan, Clint Olsen & Guthrie Garvin DATE: 06/09/2022 ADDRESS: 106 East 7th Street, 217 East 22nd Street, 638-640 East 14th Street, 239 West 15th Street & 426 East 77th Street MARKET: Chelsea, East Village, Gramercy & Upper East Side ASSET TYPE: Multifamily BUYER: Aya Acquisitions - Amir Shriki BROKERS: Hall Oster, Teddy Galligan (@T_Galligan12), Bob Knakal (@BobKnakalNYC), Jonathan Hageman, Clint Olsen & Guthrie Garvin (@GuthrieGarvin) - JLL (@JLL) SALE PRICE: $44,000,000 UNITS: 134 ~ PPU: $328,358 SF: 76,236 ~ PPSF: $577

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

$2,346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$156,322.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,582.45
Annual Debt Service$2,502,989.37