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