Ofer Yardeni's StonehengeNYC Acquires MultiFamily Properties In Midtown Manhattan For $132.2M
10 Downing St, Westminster, London Sw1 A 2 Ab, Uk
$132,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 4, 2018
AI
The multi-family property located at 10 Downing Street and 20 and 41 Park Avenue in Midtown, Manhattan, NY has been involved in a closed transaction. The transaction was financed with a loan amount of $132,200,000 from New York Community Bank, with Joseph R. Ficalora as the lender. The landlord of the property is StonehengeNYC, owned by Ofer Yardeni.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $132,200,000
- Financier: New York Community Bank - Joseph R. Ficalora
- Landlord: StonehengeNYC – Ofer Yardeni
- Address: 10 Downing Street, 20 and 41 Park Avenue, Midtown, Manhattan, NY
The deal involved key individuals including Joseph R. Ficalora from New York Community Bank who provided the financing, and Ofer Yardeni from StonehengeNYC who owns the property. The transaction demonstrates the active real estate market in Midtown, Manhattan, NY.
Players
City of Westminster MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93