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225 East 63rd Street

Amir Shriki Of AYA Acquisitions Purchases Renoir House From Ron Zeff For $45 Million
SOLDMultiFamily

Amir Shriki Of AYA Acquisitions Purchases Renoir House From Ron Zeff For $45 Million

225 East 63rd Street

$45,000,000

$427/SF

Building Size

105,282 SF

Asset Type

MultiFamily

Closing

Nov 26, 2024

AI

The transaction involved the sale of a multifamily asset located at 225 East 63rd Street in Lenox Hill, Manhattan. AYA Acquisitions purchased the ground lease for the 151-unit Renoir House for $45,000,000, which corresponds to a price per square foot of approximately $427. The total square footage of the property is 105,282 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $45,000,000
  • Address: 225 East 63rd Street
  • Market: Lenox Hill, Manhattan
  • Square Footage: 105,282
  • Price Per Square Foot: $427
  • Buyer: Amir Shriki - AYA Acquisitions
  • Seller: Ron Zeff - Carmel Partners

Amir Shriki represented AYA Acquisitions in the transaction, while Ron Zeff represented Carmel Partners as the seller. This purchase marks a significant investment in the Manhattan real estate market, particularly in the multifamily sector.

Players

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93