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Aya Acquisitions Acquires MultiFamily Property On West End Ave For $50.7M

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SOLD
$50,700,000

New York

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SOLD

Aya Acquisitions Acquires MultiFamily Property On West End Ave For $50.7M

740 West End Ave, New York, NY, 10025

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MultiFamily
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a 101-unit multifamily building located at 740 West End Ave, New York, NY, 10025. The asset, constructed in 1915, features an elevator and consists of 14 stories, which includes six commercial spaces and one superintendent’s apartment. The sale price for the property was $50,700,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $50,700,000.00
  • Address: 740 West End Ave, New York, NY, 10025
  • Market: New York
  • Seller's Representative: Matthew "Teddy" Galligan - JLL
  • Buyer: Aya Acquisitions

The transaction was facilitated by JLL, with a team comprising Bob Knakal, Hall Oster, Jonathan Hageman, Paul Smadbeck, Teddy Galligan, and Braedon Gait representing the seller, Wolk Properties. The buyer, Aya Acquisitions, was procured through this representation.

Players

Matthew "Teddy" Galligan
7 deals$179M volume
BROKER

Details

SOLD
IMAGE: 740 West End Ave, New York, NY, 10025 MARKET: New York ASSET TYPE: MultiFamily SELLER'S REP: Matthew "Teddy" Galligan-JLL BUYER: Aya Acquisitions PRICE: $50,700,000.00

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

$2,704,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$180,126.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$240,343.87
Annual Debt Service$2,884,126.39