Ofer Yardeni Of Stonehenge NYC Secures $45.9M Loan From MetLife For Multifamily In Lenox Hill
1199 1st Avenue
$45,900,000
$218/SF
Building Size
210,305 SF
Asset Type
MultiFamily
Closing
May 14, 2025
AI
The property asset involved in this transaction is a multifamily building located at 1199 1st Avenue in the Lenox Hill neighborhood of Manhattan. This residential structure encompasses a total of 210,305 square feet and houses 159 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $45,900,000
- Lender: MetLife Inc
- Landlord: Ofer Yardeni - Stonehenge NYC
Ofer Yardeni represents Stonehenge NYC in the transaction through which the company secured the loan. This financing was specifically for the residential building at 360 East 65th Street, also known as 1199 First Avenue.
Players
New York 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93