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Stephen A. Schwarzman Of Blackstone Group And Rialto Capital Acquires Condo In Lenox Hill For $3.1M

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SOLD
$3,100,000

New York

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Condo2,869 SF
Sold 07/18/2025
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SOLD

Stephen A. Schwarzman Of Blackstone Group And Rialto Capital Acquires Condo In Lenox Hill For $3.1M

219 East 67th Street

See Similar Deals
Condo2,869 SF
Sold 07/18/2025
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,080
Total Square Footage:2,869 SF
Transaction Type:Sale

A retail condo located at 219 East 67th Street in Lenox Hill, Manhattan, was sold for $3,100,000. The property spans 2,869 square feet, resulting in a price per square foot of $1,081. The sale follows a pre-foreclosure action that was initiated in 2024.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,100,000
  • Address: 219 East 67th Street
  • Market: Lenox Hill, Manhattan
  • Square Footage: 2,869
  • Price Per Square Foot: $1,081
  • Buyer: Stephen A. Schwarzman - Blackstone Group & Rialto Capital Management
  • Seller: Aby Rosen & Michael Fuchs - RFR Holding

The transaction involved Stephen A. Schwarzman representing the buyers Blackstone Group and Rialto Capital Management, while Aby Rosen and Michael Fuchs represented the sellers RFR Holding. This deal highlights the active presence of these firms in the real estate market, particularly in strategic acquisitions following financial challenges.

Players

BUYER


RFR
SELLER

Details

SOLD
IMAGE: Stephen A. Schwarzman, Aby Rosen and Michael Fuchs DATE: 07/18/2025 ADDRESS: 219 East 67th Street MARKET: Lenox Hill, Manhattan ASSET TYPE: Condo BUYER: Stephen A. Schwarzman - Blackstone Group (@Blackstone) & Rialto Capital Management SELLER: Aby Rosen & Michael Fuchs - RFR Holding (@RFRRealty) SALE PRICE: $3,100,000 SF: 2,869 ~ PPSF: $1,081 NOTE: Blackstone Group and Rialto Management Group acquired a 2,869-sf retail condo at 219 East 67th Street in Lenox Hill from RFR Holding for $3.1M following a pre-foreclosure action filed in 2024.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
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