New York & Tri-State + Midtown New York + Retail | April 17, 2023

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.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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