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740 West End Avenue, New Yo...

Aya Acquisitions Acquires Multifamily Property On Upper West Side For $50.75M
SOLDMultiFamily

Aya Acquisitions Acquires Multifamily Property On Upper West Side For $50.75M

740 West End Avenue, New York City, New York 10025, United States

$50,750,000

$374/SF

Building Size

135,460 SF

Asset Type

MultiFamily

Closing

Jun 29, 2022

AI

The multifamily property located at 740 West End Ave in the Upper West Side has been sold. The transaction took place on June 30, 2022. The property consists of 101 units with a total square footage of 135,460. The sale price for the property was $50,750,000, resulting in a price per unit of $502,475 and a price per square foot of $374.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $50,750,000
  • Address: 740 West End Ave
  • Market: Upper West Side
  • Buyer: Aya Acquisitions – Amir Shriki
  • Seller's Representative: Robert (Bob) Knakal, Hall Oster, Paul Smadbeck, Jonathan (Jon) Hageman, Teddy Galligan, Braedon Gait, and Conrad Martin - JLL
  • Buyer's Counsel: Craig Price - Belkin, Burden, Goldman, LLP

The buyer of the property is Aya Acquisitions, represented by Amir Shriki. The buyer's counsel in this transaction is Craig Price from Belkin, Burden, Goldman, LLP. The seller was represented by Robert (Bob) Knakal, Hall Oster, Paul Smadbeck, Jonathan (Jon) Hageman, Teddy Galligan, Braedon Gait, and Conrad Martin from JLL.

Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

60 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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93