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10 Downing St, Westminster,...

Ofer Yardeni's StonehengeNYC Acquires MultiFamily Properties In Midtown Manhattan For $132.2M
FINANCEDMultiFamily

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

New York Community Bank
New York Community BankLender

Ofer Yardeni

Stonehenge NYC

Landlord

$892.6M

vol

12 deals

Landlord

City of Westminster MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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