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321-325 West 42nd Street

Aya Acquisitions Acquires Mixed-Use Property On West 42nd Street For $20M
SOLDMixed-use

Aya Acquisitions Acquires Mixed-Use Property On West 42nd Street For $20M

321-325 West 42nd Street

$20,000,000

$716/SF

Building Size

27,932 SF

Asset Type

Mixed-use

Closing

Mar 29, 2023

AI

The mixed-use property located at 321-325 West 42nd Street in Midtown West, Manhattan has been sold in a closed transaction. The property spans across 27,932 square feet and was sold for a price of $20,000,000, resulting in a price per square foot of $716.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $20,000,000
  • Square Footage: 27,932
  • Price Per Square Foot: $716
  • Address: 321-325 West 42nd Street, Midtown West, Manhattan

The buyer in this transaction is Aya Acquisitions, represented by Amir Shriki. The sale of the property was facilitated by brokers Robert Knakal, Jonathan Hageman, Hall Oster, and Jacob Russell 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

Austin Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93