Aya Acquisitions Buys Mixed-Use Midtown West Portfolio for $20M
Amir Shriki’s Aya Acquisitions has purchased a three-building, mixed-use, multi-housing, and retail portfolio on West 42nd Street in Midtown West, Manhattan, for $20 million. The properties have been owned by a private investor for 25 years.
The trio of five-story properties each feature ground floor retail space and a total of 36 apartments, with flexible zoning that permits both residential and commercial development. The properties are located directly opposite the Port Authority bus terminal and offer a combined 75 feet of frontage on West 42nd Street.
The sale was arranged by a JLL Capital Markets team led by Bob Knakal and Jonathan Hageman. “The property has a superb location proximate to the sought-after Hudson Yards and West Chelsea neighborhoods, access to unrivalled transportation options and some of the world’s best cultural and entertainment offerings at its front door,” said Knakal.