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
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