redIQ Deal Highlight: Aya Acquisitions Acquires 7-Building Manhattan Portfolio
redIQ Deal Highlight: Aya Acquisitions Acquires 7-Building Manhattan Portfolio
redIQ would like to congratulate the team at Aya Acquisitions for finalizing the acquisition of a 134-unit portfolio in Manhattan for $44 million. The 7 building portfolio was purchased from a long-term private seller in a deal brokered by JLL. The package includes 67 St. Marks Pl., 106 East 7th St., 217 East 22nd St., 638-640 East 14th St., 239 West 15th St. and 426 East 77th St., totaling approximately 77,000 square feet, 133 apartments and one retail space.
The Manhattan market has completely recovered from pandemic lulls, with tremendous demand for residential units. Other recent transactions in the area include GAIA Real Estate’s new acquisition of a 3-building portfolio on the Lower East Side.
About redIQ
For over ten years, redIQ has provided a comprehensive and dependable underwriting service for multifamily acquisitions teams, brokers, and lenders focused on mid and large-size assets. redIQ’s solutions lead the industry and support the full underwriting process, from standardizing financial documents to producing a final valuation. With our system, analysis takes less time and decision makers can move forward with greater confidence. redIQ users can close more deals, produce better returns, and spend less time worrying about downside.
