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740 West End Avenue, New Yo...

Updated Oct 28, 2024

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

About this deal

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.

On the Map

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$50,750,000

$374/SF

MultiFamily

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Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

62 deals

Broker
Amir Shriki

Amir Shriki

Aya Acquisitions

Buyer

$460.3M

vol

10 deals

Buyer
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $374 per square foot on a published $50.8M for 135,460 square feet (2022).

Visit Robert (Bob) Knakal to view all their deals.

Browse New York multifamily sales on Traded.

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

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