Ofer Yardeni Of StonehengeNYC Secures $33.2 Million Loan From J.P. Morgan Chase For Multifamily Asset

The property asset involved in the transaction is a multifamily building located at 20 Park Avenue in the Grand Central market of Manhattan. The building encompasses a total square footage of 101,306 and consists of 96 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,200,000
• Address: 20 Park Avenue
• Market: Grand Central, Manhattan
• Lender: J.P. Morgan Chase
• Landlord: Ofer Yardeni - StonehengeNYC
• Loan Type: Acquisition

In this transaction, Ofer Yardeni, representing Stonehenge NYC through SP 20 Park LLC, replaced a prior loan of $34.5 million from Flagstar Bank with the new $33.2 million refinancing secured from JPMorgan Chase for the 96-unit elevator building situated at 20 Park Avenue.