
JLL Closes Sale of Prewar Upper West Side Apartments
JLL Capital Markets completed the $50.75-million sale of 740 West End Ave., a 101-unit, prewar, mixed-use, elevator building on Manhattan’s Upper West Side. The JLL team represented the seller, Wolk Properties, LLC, a long-term family ownership group, and procured the buyer, Aya Acquisitions, the investment firm founded by Amir Shriki.
The JLL Capital Markets team completing the transaction included chairman of New York investment sales Bob Knakal, managing directors Hall Oster, Jonathan Hageman and Paul Smadbeck, VP Teddy Galligan and analyst Braedon Gait. Constructed in 1915, the 135,460-square-foot property has been owned and maintained by the same family for generations
“West End Avenue is one of the most beautiful streets on the Upper West Side of New York, and the buyer is positioned to capitalize on substantial near- and long-term upside from the asset’s vintage design and the tremendous surge in post-pandemic rental demand,” said Knakal.
- ◦Sale/Acquisition