UES Building Sold To Short-Term Rental Company For $15M

UPPER EAST SIDE, NY — A Yorkville apartment building has been sold to a short-term rental company specializing in "trendy private furnished homes," according to real estate brokers.

The seven-story building at 240 East 90th St., between Second and Third avenues, was sold for $14.9 million to the company AYA New York, brokers Cushman & Wakefield announced last week.

Constructed in 1960, the 25-unit building most recently had typical rental apartments — with one two-bedroom unit still listed for rent on Streeteasy as of this week, as Eastsidefeed first reported. The seller was Sackman Enterprises.

The new owner, AYA, owns buildings in Midtown, East Harlem, Bushwick, the East Village, Williamsburg and Bed-Stuy. Offering rents as cheap as $800 per month, the company's units are catered to students, artists, interns and tourists, according to its website.

After this article was published, however, an AYA representative told Patch that this building will continue to house long-term rentals — part of the company's other acquisition division that is separate from its "co-living" operation.

The 90th Street building includes two studios, two one-bedroom, 19 two-bedroom and two three-bedroom apartments, according to Cushman & Wakefield. The company said it saw "significant interest" in the building, fielding multiple offers before AYA won out.

"240 East 90th Street was an excellent value-add opportunity for an investor to acquire a fully free-market building in the coveted Upper East Side neighborhood of Manhattan from long-term ownership," realtor Andrew Berry said in a statement.