Aya Acquisitions Acquires Mixed-Use Property On West 42nd Street For $20M
SOLD
Texas
See Similar DealsMixed-use27,932 SF
Sold 03/29/2023
SOLD
Aya Acquisitions Acquires Mixed-Use Property On West 42nd Street For $20M
321-325 West 42nd Street
See Similar DealsMixed-use27,932 SF
Sold 03/29/2023
Summary
TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$716
Total Square Footage:27,932 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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