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
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